Is MTB or RJF cheaper?

On trailing earnings, MTB is cheaper: MTB trades at a 12.87 P/E and RJF at 14.87.

Which has grown faster, MTB or RJF?

Over the past five years, MTB grew revenue faster — MTB at a 14.97% CAGR versus RJF at 13.83%.

Does MTB or RJF pay a bigger dividend?

MTB yields 2.59% and RJF yields 1.32% based on trailing dividends and the latest price.

Is MTB or RJF more profitable?

MTB runs the higher net margin — MTB at 23.71% versus RJF at 13.13%.

Which has been the better investment, MTB or RJF?

Over the past 10-year, RJF delivered the higher annualized total return — MTB at 9.84% versus RJF at 17.62%. Past performance doesn't predict future results.

M&T Bank Corporation (MTB) vs Raymond James Financial, Inc. (RJF)

MTB leads on 8 of 14 compared metrics.

A side-by-side comparison of M&T Bank Corporation and Raymond James Financial, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

MTB

M&T Bank Corporation

$33.86B

$231.24Financial Services

RJF

Raymond James Financial, Inc.

$30.68B

$157.44Financial Services

Total return — MTB vs RJF

growth of $100 · last 30y

MTB +843.8%RJF +5148.0%RJF compounded faster

Log scale — wide-divergence pair

MTB RJF

MTB vs RJF: by the numbers

•MTB is the larger company ($33.86B vs $30.68B market cap).
•MTB trades at the lower earnings multiple (12.87 vs 14.87 P/E).
•MTB converts more revenue to profit (23.71% vs 13.13% net margin).
•MTB grew revenue faster over the past five years (14.97% vs 13.83% CAGR).
•MTB pays the higher dividend yield (2.59% vs 1.32%).

Which is better, MTB or RJF?

Metric tally: MTB 8 · RJF 6

It depends on what you're optimizing for:

ValueMTB(lower P/E)

GrowthMTB(faster 5Y revenue CAGR)

IncomeMTB(higher dividend yield)

QualityRJF(higher ROIC)

Metrics side by side

Valuation

Metric	MTB	RJF
P/E ratio	12.87●	14.87
Forward P/E	12.37●	13.25
P/S ratio	2.93	1.92●
P/B ratio	1.29●	2.50
PEG ratio	0.73●	2.76

Profitability

Metric	MTB	RJF
Gross margin	75.31%	89.16%●
Operating margin	30.69%●	16.86%
Net margin	23.71%●	13.13%
ROE	10.48%	17.08%●
ROIC	6.75%	15.88%●

Dividends

Metric	MTB	RJF
Dividend yield	2.59%●	1.32%
Payout ratio	35.09%	19.75%

Growth (annualized)

Metric	MTB	RJF
Revenue CAGR (5Y)	14.97%●	13.83%
EPS CAGR (5Y)	11.46%	21.61%●
Total return CAGR (5Y)	13.07%	14.34%●

Frequently asked

Which is better, MTB or RJF?: It depends on your goal. value: MTB (lower P/E); growth: MTB (faster 5Y revenue CAGR); income: MTB (higher dividend yield); quality: RJF (higher ROIC). Across all compared metrics, MTB leads 8 to 6.
Is MTB or RJF cheaper?: On trailing earnings, MTB is cheaper: MTB trades at a 12.87 P/E and RJF at 14.87.
Which has grown faster, MTB or RJF?: Over the past five years, MTB grew revenue faster — MTB at a 14.97% CAGR versus RJF at 13.83%.
Does MTB or RJF pay a bigger dividend?: MTB yields 2.59% and RJF yields 1.32% based on trailing dividends and the latest price.
Is MTB or RJF more profitable?: MTB runs the higher net margin — MTB at 23.71% versus RJF at 13.13%.
Which has been the better investment, MTB or RJF?: Over the past 10-year, RJF delivered the higher annualized total return — MTB at 9.84% versus RJF at 17.62%. Past performance doesn't predict future results.

Go deeper

Full MTB analysis Full RJF analysis Interactive comparison tool

Dig into the metrics

M&T Bank P/E ratio Raymond James Financial P/E ratio M&T Bank dividend yield Raymond James Financial dividend yield M&T Bank ROE Raymond James Financial ROE M&T Bank operating margin Raymond James Financial operating margin M&T Bank revenue growth Raymond James Financial revenue growth M&T Bank free cash flow Raymond James Financial free cash flow

M&T Bank & Raymond James Financial appear in these rankings

Highest Dividend Yield Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 24, 2026.