10 Best Financial Stocks on Wall Street’s Radar

5. M&T Bank Corporation (NYSE:MTB)

Number of Hedge Fund Holders: 52

M&T Bank Corporation (NYSE:MTB) is one of the best financial stocks on Wall Street’s radar. On July 18, Citi increased its price target for M&T Bank Corporation (NYSE:MTB) from $212 to $215 but kept a “Neutral” rating.

This decision came after the company reported its second quarter 2025 results. Citi described the latest quarterly results as strong, even though M&T Bank Corporation (NYSE:MTB) reported a lower-than-expected net interest income (NII) and set a lower minimum for its 2025 NII guidance range.

Citi has reduced its near-term deposit beta estimates for M&T Bank Corporation (NYSE:MTB) because of higher funding costs, which are putting pressure on net interest income. However, this impact is partially offset by the bank’s stronger balance sheet growth.

M&T Bank Corporation (NYSE:MTB) is a financial holding company that operates mainly through its banking subsidiary, M&T Bank. It provides banking products and services through a network of branches and ATMs primarily in the eastern US.