BofA Global Research downgrades M&T Bank to 'neutral'
ReutersJan 7, 2026 12:39 PM
BofA Global Research downgrades lender M&T Bank MTB.N to "neutral" from "buy"
Stock down slightly premarket in thin trading; had hit 52-week high of $211.33 in previous session, about $10 shy of record high
BofA expects limited catalysts to drive outperformance after a strong period of relative performance vs. super regional bank peers
Says performace to be tempered by net interest margin near cyclical highs, limited drivers of superior organic growth, and aim of M&A-driven upside, which has limited scope due to full valuations
10 of 22 brokerages rate the stock "buy" or "higher",11 "hold" and 1 "sell"; median PT is $225 - data compiled by LSEG
MTB scheduled to report results next week on Friday
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