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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
M&T Bank Corporation (NYSE:MTB) is included among the 11 High-Yield Dividend Stocks for Steady Cash Flow.
M&T Bank Corporation (NYSE:MTB) is a regional financial institution with a solid presence across multiple states, offering a wide range of community, commercial, and retail banking services.
On October 20, DA Davidson adjusted its outlook on the stock, trimming the price target to $222.00 from $224.00 while keeping a Neutral rating. The firm expects 2026 to be a more favorable year for M&T Bank Corporation (NYSE:MTB), anticipating that the current challenges in commercial real estate could turn into growth opportunities, supporting an improvement in average earning assets.
DA Davidson also mentioned that the bank’s management foresees continued strength in net interest margin expansion and fee income growth, along with healthier credit quality reflected in fewer criticized loans.
In its commentary, the research firm noted that M&T Bank Corporation (NYSE:MTB) has expressed openness to participating in potential merger & acquisition opportunities as market activity picks up, though CFO Daryl Bible clarified that no immediate deals are in the pipeline. According to DA Davidson, this possible M&A activity could act as a short-term drag on the stock, which contributed to the firm’s decision to slightly lower its price target while maintaining a Neutral stance.
That said, M&T Bank Corporation (NYSE:MTB) is popular among income investors because of its stable dividend history and above-average dividend yield. The company has been growing its payouts for nine consecutive years and offers a quarterly dividend of $1.50 per share. The stock supports a dividend yield of 3.30%, as of October 21.
While we acknowledge the potential of MTB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Beaten Down Dividend Stocks to Buy Right Now and 15 Dividend Stocks That Have Raised Payouts for 20+ Years
Disclosure: None.
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