MTB M&T Bank · $249.24 Extended — don't chase; wait for a pullback过度拉升 — 勿追高；等待回撤 Terminal终端 ↗

M&T Bank · Financials

MTB

$249.24

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. It operates 940+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia.M&T银行公司是一家美国银行控股公司，总部位于纽约州布法罗。其在美国东部从缅因州到弗吉尼亚州的12个州和华盛顿特区运营940多家分行。

Financial金融股 Large cap大盘 $37B

Engine stance引擎立场2026-07-20

Extended — don't chase; wait for a pullback过度拉升 — 勿追高；等待回撤

You missed the bottoming entry — the low already formed and price is now extended (momentum is fading — the daily moment已错过筑底入场——低点已经形成，目前价格已拉伸（动量正在衰竭——日线动量已开始掉头向下）。不要追高；等待回调至 10 日均线或下一个周期低点。若已持有则继续持有。

Open in Terminal打开终端 ↗ All coverage所有股票 Data through数据截至 2026-07-20 · regenerated nightly每日更新

Key Statistics关键统计

Price价格

$249.24

1.9% below 52-week high低于52周高点 1.9%

Market Cap市值

$37B

Normal volume正常成交量

P/E Ratio市盈率

13.0x

15.0x sector median

Beta贝塔

0.66

Moves about 0.7x the market波动幅度约为市场的 0.7 倍

RSI (14)RSI（14）

Elevated偏高

Next Earnings下次财报

2026-07-15 (-4d)

Volatility Rank波动率分位

49th pctile

hist. vol. percentile历史波动率分位数

Short Interest空头兴趣

4.0% of float

Performance价格表现

Period周期	MTB	S&P 500	vs Index对比指数
1 Week近1周	+2.8%	-1.5%	Beat the index by 4.3 points跑赢指数 4.3 个百分点
1 Month近1月	+10.4%	+0.6%	Beat the index by 9.8 points跑赢指数 9.8 个百分点
3 Months近3月	+14.7%	+4.7%	Beat the index by 10.0 points跑赢指数 10.0 个百分点
6 Months近6月	+19.1%	+7.8%	Beat the index by 11.3 points跑赢指数 11.3 个百分点
Year to date年初至今	+23.9%	+9.1%	Beat the index by 14.8 points跑赢指数 14.8 个百分点
1 Year近1年	+31.2%	+19.4%	Beat the index by 11.8 points跑赢指数 11.8 个百分点

Technicals技术面

RSI (14)RSI（14） 66 Elevated偏高

vs 50-day相对50日均线 +10.9% vs 50-day avg

vs 200-day相对200日均线 +19.9% vs 200-day avg

Volatility rank波动率分位 49th percentile 分位

Engine reference levels — not advice引擎参考水平 — 非投资建议

Buy zone买入区间

$241.05

Don't chase above不追高于

$249.20

Stop止损

$225.10

Extended — wait for a pullback过度拉伸 — 等待回撤

Earnings财务业绩

Estimates being raised — 4 analysts预期上调 — 4 位分析师

Earnings call transcripts — coming soon财报电话会议记录 — 即将上线

Valuation估值

Multiple指标	MTB	Sector median行业中位	Cheaper than相对便宜
P/E (trailing)市盈率（历史）	13.03x	14.99	67%
P/B市净率	1.27x	1.52	64%
P/S市销率	22.41x	2.87	9%
Earnings yield盈利收益率	7.68%	6.58	68%
Shareholder yield股东收益率	9.51%	3.91	85%

Analyst price targets — coming soon分析师目标价 — 即将上线

Financials财务数据

Revenue营业收入

$6.0B

2020

$6.0B

2021

$8.2B

2022

$9.6B

2023

$1.5B

2024

$1.7B

2025

5yr CAGR5年复合增速: -22.6%

Earnings Per Share每股收益

$9.94

2020

$13.80

2021

$11.53

2022

$15.79

2023

$14.64

2024

$17.00

2025

5yr CAGR5年复合增速: 11.3%

Free Cash Flow自由现金流

$617.2M

2020

$2.6B

2021

$4.4B

2022

$3.6B

2023

2024

2025

Margins利润率

Net margin净利率

172.1%

FCF margin自由现金流利润率

181.2%

9.8%Return on Equity股本回报率

1.3%Return on Assets资产回报率

Capital Allocation资本配置

Buybacks (TTM)回购（TTM）	$2.6B
Stock-based comp股权薪酬	$136.0M
Share count change (1y)股数变化（1年）	-9.3%

Piotroski皮奥特罗斯基 6/6 Clean稳健

Snapshot Gauges综合指标

Valuation vs Sector估值相对行业

Roughly fair vs sector相对行业估值合理

Cheaper than 47% of its sector on blended multiples综合估值倍数低于行业内 47% 的公司

Beta市场敏感度

0.66×

0.21×3×

Moves about 0.7× the market波动幅度约为市场的 0.7 倍

Financial Health财务健康

6/6

Adequate financial health财务健康状况一般

Dividend分红

—

Does not pay a dividend不派发股息

Why Is It Moving为何波动

Sector / Theme行业/主题 Regional Banks theme — #4 of 46 themes「区域银行」主题 — 46 个主题中第 4 位

Macro宏观 Short-duration name into a restrictive, rising-real-rate regime → rate tailwind.短久期标的进入偏紧、实际利率上行的环境→利率顺风。

Positioning持仓 Insider cluster activity内部人集中交易

Technical技术面 MTB made a new 52-week highMTB 创52周新高

Options Positioning期权持仓

Market makers are net long gamma — price pinned near current level做市商净持有正伽玛，价格倾向于在当前水平附近震荡

Expected daily move预期日波动

±1.70%

Expected weekly move预期周波动

±3.79%

Call wall看涨密集区

$250

Gamma flip伽玛翻转

$191

25d risk reversal25d风险逆转

-4.5%

Flow资金流向

$2M premium traded; 0% 0DTE; 10 fresh positions; P/C 0.03; ~leans bullish (direction approx)成交权利金 $2M；0DTE占0%；10个新建仓；看跌看涨比 0.03；≈偏看涨（方向近似）

Skew: 偏斜：fear

Ownership & Smart Money持仓与聪明钱

Insider activity内部人员活动: -$13.7M net (0 buyers, 8 sellers)-$13.7M 净值（0 买家，8 卖家）

Concentrated ownership集中持仓

Fund基金	Grade评级	Activity动作	% of portfolio组合占比	As of截至
Basswood Capital Management	B	Holding持有	0.1%	2026-03-31
Giverny Capital	C	Holding持有	0.1%	2026-03-31

Signal History信号历史

BOTTOMING → NEARING A HIGH筑底中 → 接近高点

TAKE PROFITS. A daily bottoming setup did fire (swing low in, momentum turned up), but it's LATE — price is already extended above the cycle low (formed ~19 day(s) ago @ 225.12) and momentum is fading — the daily momentum is already rolling over. A momentum cross is a LAGGING confirmation: after a vertical run it only triggers once the move is mature, so the bottoming entry has already passed. This is a chase, not a fresh buy. Last cycle was left-translated (topped early) — a bearish structural tell止盈。日线筑底形态确实已经触发（摆动低点出现、动量转向上行），但为时已晚——价格已显著高于周期低点（约 19 天前形成 @ 225.12）且动量正在衰竭——日线动量已开始掉头向下。动量交叉属于滞后确认：在垂直拉升之后，只有当走势已经成熟时才会触发，因此筑底入场早已错过。这是追高，而非新的买入。上一周期为左移结构（见顶偏早）——属于看空的结构性信号

TOP WATCH NEARING A HIGH

Jul 15, 2026

MTB made a new 52-week highMTB 创52周新高

Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $248.53.价格创出52周新高 — 全市场关注的动量/趋势极值。$248.53。

Jul 15, 2026

MTB daily MACD crossed upMTB 日线MACD上穿

The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $248.53.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$248.53。

Jul 15, 2026

MTB RSI reached overboughtMTB RSI进入超买

RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $248.53.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$248.53。

Jul 10, 2026

MTB took relative-strength leadershipMTB 取得相对强弱领先

Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $242.34.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$242.34。

Jul 10, 2026

MTB made a new 52-week highMTB 创52周新高

Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $242.34.价格创出52周新高 — 全市场关注的动量/趋势极值。$242.34。

Jul 8, 2026

NEARING A HIGH → BOTTOMING接近高点 → 筑底中

BUY SETUP买入预备

Jul 8, 2026

MTB daily MACD crossed downMTB 日线MACD下穿

The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $234.63.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$234.63。

Jul 7, 2026

MTB took relative-strength leadershipMTB 取得相对强弱领先

Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $239.75.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$239.75。

Jul 1, 2026

MTB took relative-strength leadershipMTB 取得相对强弱领先

Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $241.95.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$241.95。

Jul 1, 2026

MTB made a new 52-week highMTB 创52周新高

Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $241.95.价格创出52周新高 — 全市场关注的动量/趋势极值。$241.95。

Jul 1, 2026

MTB RSI reached overboughtMTB RSI进入超买

RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $241.95.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$241.95。

Jun 29, 2026

BUY ZONE → NEARING A HIGH买入区 → 接近高点

TAKE PROFITS止盈

Jun 26, 2026

MTB RSI reached overboughtMTB RSI进入超买

RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $237.26.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$237.26。