Barclays Increases Its Earnings Estimates For M&T, PNC And SunTrust

Barclays changed its EPS estimates for M&T Bank Corporation MTB, PNC Financial Services Group Inc PNC and SunTrust Banks, Inc STI on Friday.

Adjustments

  • M&T Bank Corporation (Overweight rating with $130 price target). Lifts EPS estimate to $8.30 from $8.25 for this fiscal year.
  • PNC Financial Services Group (Equal Weight rating with $100 price target). Raised fiscal year EPS estimate to $7.12 from $7.10.
  • SunTrust Banks (Equal Weight rating with $46 price target). Lifts EPS estimate to $3.48 from $3.47.

Related Link: Is Bankruptcy Legislation For Big Banks Gaining Steam?

At Time Of Writing...

  • M&T was up 2.11 percent at $116.61.
  • PNC was up 1.91 percent at $81.01.
  • SunTrust was up 2.48 percent at $41.71.
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