FMP
Oct 22, 2021 12:23 AM - Davit Kirakosyan
Analysts at RBC Capital provide their view on M&T Bank Corporation (NYSE:MTB) following its Q3 results, with core EPS coming in at $3.74, beating the consensus estimate of $3.49. The strong performance was driven by better-than-expected revenues and a net provision benefit, offset in part by increased expenses.
The analysts increased their 2021 and 2022 EPS estimates for the company to $11.65 and $12.45, from $10.92 and $12.82, respectively, mentioning that the company is well-positioned for a stronger economy with higher interest rates.
According to the brokerage, the company’s balance sheet is loaded with liquidity that over the next 12–18 months should be put to work in higher-yielding earning assets, which should lead to higher net interest income. Moreover, the company’s net interest margin would be favorably impacted in a rising short-term interest rate environment.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...