Bank of Montreal (BMO) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS
Bank of Montreal (NYSE:BMO) released its earnings data on Tuesday. The company reported $1.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.51 by $0.06, AnalystRatings.NET reports.
BMO has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of Bank of Montreal in a research note on Tuesday, August 19th. They now have a $84.00 price target on the stock, up previously from $80.00. On the ratings front, analysts at Credit Suisse downgraded shares of Bank of Montreal from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 31st. Finally, analysts at RBC Capital downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 29th. Seven investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $76.50.
Bank of Montreal (NYSE:BMO) opened at 74.79 on Tuesday. Bank of Montreal has a 1-year low of $60.34 and a 1-year high of $76.72. The stock’s 50-day moving average is $74.53 and its 200-day moving average is $69.9. The company has a market cap of $48.240 billion and a P/E ratio of 12.53.
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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