M&T Bank Corp
MTB: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$285.00 | Bswnpkn | Gxnctxxjfh |
Modestly Lowering Our Fair Value Estimate for M&T Bank as We Take Up Provisions
Business Strategy and Outlook
M&T Bank is a midsize regional bank with operations throughout the Northeastern United States. The bank has a valuable commercial real estate franchise, with much of the rest of its business comprising other commercial-focused (as opposed to retail-focused) operations, although the bank does have retail operations. M&T has a history of good management, good underwriting, and deep on-the-ground relationships. The bank is a solid regional operator.