M&T Bank Poised for $2.9 Billion in 2027 Buybacks, Topping Consensus, Morgan Stanley Says

11:19 AM EDT, 09/08/2026 (MT Newswires) -- M&T Bank (MTB) is expected to repurchase about $2.9 billion of stock in 2027, above the current consensus estimate of $1.7 billion, Morgan Stanley said Tuesday in a report. Morgan Stanley sees upside to the bank's net interest income and buyback outlook as loan growth accelerates and M&T manages capital to lower levels under new rules. M&T operates in a relatively less competitive regional market in the Northeast, supporting its deposit-cost performance compared with peers, especially banks based in the Southeast or Texas, the report said. Based on its new relationship depth framework, which measures client relationships, Morgan Stanley said M&T is favorably positioned versus peers, helping sustain its funding and profitability advantage as industry competition intensifies. Morgan Stanley upgraded its rating on M&T stock to overweight from equal-weight and raised its price target to $304 from $253. Price: 241.25, Change: +1.41, Percent Change: +0.59