MTB-PJ

Verdict

Flying completely blind with zero data on fundamentals or sentiment. ⚠️ This is a preferred stock, the wrong instrument for an earnings run-up. Total amateur hour, hard pass. 🚫

Catalysts

• Changes in benchmark interest rates affecting preferred share valuations.
• Significant credit rating changes for M&T Bank.

Rischi

• Making a blind bet due to a complete lack of fundamental data.
• Misapplication of an equity momentum strategy to a preferred stock, which is more sensitive to interest rates.