JONES RENE F sold $4.6M of MTB

M&T Bank (MTB) opened a new branch in Torrington, Connecticut, and filed a shelf registration for multiple securities. The bank's share price has gained 8.41% year-to-date but declined over the past month and quarter. Analysts suggest the stock is 14.9% undervalued, with a fair value of $259.86, citing strong fee businesses and cost-efficiency investments.

Major U.S. banks, including JPMorgan, Bank of America, and Citigroup, raised their prime lending rates to 7% following the Federal Reserve's quarter-point increase in the federal funds rate to 3.75%-4%. The Fed cited persistent inflation. Bank stocks fell, reflecting mixed investor sentiment. The Fed projects further rate hikes, with implications for borrowers and the broader economy.

Morgan Stanley upgraded M&T Bank (MTB) to Overweight, raising its price target to $304 from $253, citing upside to net interest income and buyback estimates. The bank reported record Q2 profits, with EPS of $5.35 and revenue of $2.53B, exceeding expectations. Loan growth and net interest margin are expected to improve.

Reports say Metro Bank is considering a bid for Aldermore Bank in a deal potentially worth about £2bn. Aldermore was put up for sale by FirstRand after it said the FCA motor finance compensation scheme was “disproportionate and unfair.” Other lenders reportedly include Shawbrook Group and Lloyds Banking Group. Metro Bank and Aldermore declined to comment.

The article says banks face a tradeoff between loan growth and net interest margin (NIM). Atlantic Union Bankshares grew loans by $727M in Q2 and adjusted 2026 NIM guidance to 3.9% to 3.95% from 3.9% to 4.0%, citing higher deposit costs. It also notes KeyCorp and M&T Bank expect some NIM compression to fund loan growth.

M&T Bank (NYSE: MTB) reported second-quarter results on July 15: revenue of $2.53 billion (+5.7% YoY) and record EPS of $5.35 (+25% YoY), beating analysts by $0.66. Net income rose to $818 million (+14.2%). Loans increased to $141.4 billion, NIM held at 3.70%, and credit losses improved. Shares are up over 23% YTD.