JPMorgan cuts target for M&T Bank stock to USD 248.50
Published on 10/06/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
M&T Bank (ISIN US55261F1049) was trading at EUR 194.48 at Lang & Schwarz on October 6, 2026 at 10:38 a.m. CEST, plus 0.02 percent versus the prior close of EUR 194.45. On October 2, 2026, MarketBeat reported that JPMorgan cut its M&T Bank target from USD 265.50 to USD 248.50 while maintaining a Neutral rating.
JPMorgan trims the target
The reduction equals 6.40 percent from the previous target, calculated against USD 265.50. The new target remains a separate US-dollar analyst reference and cannot be compared directly with the euro quote from Lang & Schwarz.
The timing matters because the bank is approaching its third-quarter report. According to M&T Bank on September 18, 2026, the release is scheduled before the market opens on October 16, 2026, followed by an 8:00 a.m. ET conference call.
Second-quarter earnings beat estimates
Yahoo Finance lists USD 5.32 in earnings per share for the second quarter of fiscal 2026 versus a USD 4.66 estimate, while revenue reached USD 2.53 billion. That comparison gives the target cut a concrete test: the upcoming report will show whether earnings strength continued into the third quarter.
A presentation summarized by TradingView on September 14, 2026 reported first-half 2026 net income of USD 1.482 billion and diluted earnings per share of USD 9.44, up 25.00 percent year over year. The same presentation gave full-year 2026 net interest income guidance of USD 7.2 billion to USD 7.35 billion and fee income guidance of USD 2.8 billion to USD 2.85 billion.
Stock holds near EUR 194
The Lang & Schwarz quote places M&T Bank stock at EUR 194.48 on October 6, 2026 at 10:38 a.m. CEST, compared with a prior close of EUR 194.45. The primary listing is on the NYSE in USD, so the analyst targets, operating figures and euro quote remain separate reference points.
The further course of trading is shown by the continuously updated real-time quote of M&T Bank stock.
M&T Bank stock reference data
- Company: M&T Bank Corporation
- ISIN: US55261F1049
- Ticker: MTB
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 6, 2026, 10:38 a.m. CEST): EUR 194.48
- Change versus prior close: plus 0.02 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 194.45
- Market capitalization: USD 31.6 billion (as of October 5, 2026)
- 52-week range: USD 174.76-255.95 (as of October 5, 2026)
- Sector / Industry: Financial Services / Regional Banks
- Index membership: S&P 500
- Next earnings date: October 16, 2026
