M&T Bank Corp (MTZ.BE)
| Previous close | 157.55 |
| Open | 159.65 |
| Bid | 160.65 x N/A |
| Ask | 161.30 x N/A |
| Day's range | 159.65 - 159.65 |
| 52-week range | 103.40 - 159.65 |
| Volume | |
| Avg. volume | 0 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | 18 Jul 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
Simply Wall St.M&T Bank Second Quarter 2024 Earnings: Beats Expectations
M&T Bank ( NYSE:MTB ) Second Quarter 2024 Results Key Financial Results Revenue: US$2.15b (down 12% from 2Q 2023). Net...
- Yahoo Finance Video
Regional bank growth is being impeded by higher rates
Alongside their larger counterparts, regional banks have been reporting quarterly results, revealing an expectation for in net interest income (NII) declines this year as higher interest rates impeded loan activity. Regional banks have been upping their efforts to retain customers, in-turn raising deposit costs. Furthermore, Comerica (CMA) could see its contract with the US Department of Treasury for its Direct Express card expire in 2025. Wedbush Securities managing director of equity research David Chiaverini joins Market Domination to give insight Comerica's outlook and the broader regional bank environment. Chiaverini outlines what growth could look like moving forward: "So net interest income (NII) and net interest margins, we are expecting them to be kind of stabilizing here in the second quarter and third quarter. The key factor for the driver behind NII is, as you noted, loan growth. And unfortunately, it's the messaging coming from the regional banks this week is that loan growth is tepid and is likely to remain tepid in the near term. "What could accelerate and be the catalyst for increased loan growth is lower interest rates. Loan demand right now is low because many borrowers are viewing the high cost as a headwind to them wanting to take out additional loans. So lower rates could be a very nice catalyst for the loan growth." Yahoo Finance also spoke with Fifth Third Bancorp (FITB) CEO and President Tim Spence earlier in the day. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
