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.

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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.