Bank Of Montreal (BMO) Announces Quarterly Earnings Results
Bank Of Montreal (NYSE:BMO) (TSE:BMO) announced its quarterly earnings data on Tuesday. The bank reported $1.94 EPS for the quarter, beating the consensus estimate of $1.60 by $0.34, Briefing.com reports. Bank Of Montreal had a net margin of 20.04% and a return on equity of 14.36%. The business had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.21 billion. During the same period in the previous year, the business posted $2.10 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year.
Bank Of Montreal (BMO) traded down $0.09 during trading hours on Tuesday, reaching $78.28. 421,600 shares of the company’s stock were exchanged, compared to its average volume of 424,706. Bank Of Montreal has a 52 week low of $66.75 and a 52 week high of $78.93. The firm has a market capitalization of $50,862.13, a PE ratio of 12.46, a PEG ratio of 2.19 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07.
BMO has been the subject of several analyst reports. Zacks Investment Research cut shares of Bank Of Montreal from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Macquarie started coverage on shares of Bank Of Montreal in a research report on Tuesday, October 24th. They set a “neutral” rating and a $81.00 price objective for the company. Scotiabank restated a “buy” rating and set a $101.00 price objective on shares of Bank Of Montreal in a research report on Wednesday, August 30th. Canaccord Genuity set a $102.00 price objective on shares of Bank Of Montreal and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Finally, BidaskClub upgraded shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $97.60.
Bank Of Montreal Company Profile
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.
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