Bank of Montreal (BMO) Announces Quarterly Earnings, Beats Expectations By $0.11 EPS
Bank of Montreal (NYSE:BMO) issued its quarterly earnings data on Wednesday. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.11, Analyst RN reports. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of Bank of Montreal in a research note on Thursday, May 8th. They set an “equal weight” rating on the stock. On the ratings front, analysts at Canaccord Genuity initiated coverage on shares of Bank of Montreal in a research note on Thursday, May 1st. They set a “hold” rating on the stock. Finally, analysts at CIBC upgraded shares of Bank of Montreal from an “underperform” rating to a “sector perform” rating in a research note on Friday, March 7th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $68.68.
Shares of Bank of Montreal (NYSE:BMO) opened at 70.45 on Wednesday. Bank of Montreal has a 52-week low of $55.61 and a 52-week high of $71.26. The stock has a 50-day moving average of $69.03 and a 200-day moving average of $66.74. The company has a market cap of $45.440 billion and a price-to-earnings ratio of 12.07.
Bank of Montreal (NYSE:BMO) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services.
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