Citi Raises Price Target for M&T Bank (MTB), Keeps Neutral Rating

M&T Bank Corporation (NYSE:MTB) is one of the 10 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 Raises Price Target for M&T Bank (MTB), Keeps Neutral Rating

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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.

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Disclosure: None. This article is originally published at Insider Monkey.