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Investing.com - Jefferies has reduced its price target on M&T Bank (NYSE:MTB) to $215.00 from $235.00 while maintaining a Buy rating on the stock.
The firm noted that M&T Bank delivered "a solid quarter," though its guidance for the fourth quarter of 2025 was characterized as "mixed." M&T Bank’s net interest margin was guided to approximately 3.70%, slightly exceeding Jefferies’ estimate of 3.67%.
Net interest income was guided to approximately $1.80 billion, compared to Jefferies’ previous forecast of $1.81 billion. The bank reported solid loan growth in line with expectations, led by residential, consumer, and commercial and industrial loans, partially offset by lower commercial real estate (CRE) lending.
Loan growth guidance for the fourth quarter matched Jefferies’ prior forecast, with CRE expected to bottom in the first quarter of 2026. M&T Bank remains active with its share repurchase program.
The bank completed $409 million in buybacks in the fourth quarter, with fourth-quarter buybacks guided to range between $400 million and $900 million.
In other recent news, M&T Bank Corporation reported its earnings for the third quarter of 2025, surpassing analysts’ expectations. The bank achieved an earnings per share (EPS) of $4.87, which was higher than the forecasted $4.42. This resulted in a 10.18% earnings surprise. Additionally, M&T Bank’s actual revenue reached $2.51 billion, exceeding the anticipated $2.44 billion. These results reflect a positive performance in both earnings and revenue metrics. Despite these strong financial results, there were fluctuations in the stock’s trading performance. Investors and analysts continue to monitor M&T Bank’s financial health and market activities closely.
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