5 High Growth Financial Stocks To Buy

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1. M&T Bank Corporation (NYSE:MTB)

Number of Hedge Fund Holders: 44

Quarterly Revenue Growth YoY as of December 30, 2022: 66.2%

M&T Bank Corporation (NYSE:MTB) is a New York-based bank holding company that provides commercial and retail banking services. With quarterly year-over-year revenue growth of 66.2% as of the end of December 2022, M&T Bank Corporation (NYSE:MTB) is one of the premier high growth financial stocks to invest in. 

According to Deutsche Bank analyst Matt O’Connor, the price target for M&T Bank Corporation (NYSE:MTB) has been decreased from $255 to $175, while the Buy rating on the shares remains unchanged as of January 6. The analyst expects that the U.S. bank stocks will experience new lows, and predicts that bank stocks will trade below their usual historical range of 60% to 80%. O’Connor believes that the bank earnings might have peaked, which could cause some downside risk due to the reserve build and valuations in case of a recession.

According to Insider Monkey’s third quarter database, Ken Griffin’s Citadel Investment Group is the largest stakeholder of the company, with 1.48 million shares worth $261.7 million. 

Follow M&T Bank Corp (NYSE:MTB)

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