Bank of Montreal (BMO) to Release Quarterly Earnings on Wednesday

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 25th. Analysts expect the company to announce earnings of C$3.28 per share for the quarter.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last posted its earnings results on Tuesday, March 1st. The bank reported C$3.89 earnings per share for the quarter, beating the consensus estimate of C$3.30 by C$0.59. The business had revenue of C$7.72 billion for the quarter, compared to analyst estimates of C$6.67 billion.

TSE:BMO opened at C$135.12 on Wednesday. The firm has a market capitalization of C$90.73 billion and a price-to-earnings ratio of 10.41. The firm’s fifty day simple moving average is C$143.26 and its 200 day simple moving average is C$142.30. Bank of Montreal has a twelve month low of C$120.94 and a twelve month high of C$154.47.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Investors of record on Monday, May 2nd will be issued a dividend of $1.33 per share. The ex-dividend date of this dividend is Friday, April 29th. This represents a $5.32 annualized dividend and a dividend yield of 3.94%. Bank of Montreal’s payout ratio is 34.74%.

Several equities analysts recently weighed in on the stock. Cormark restated a “buy” rating and set a C$34.00 target price on shares of Bank of Montreal in a report on Tuesday, February 22nd. Barclays reduced their target price on shares of Bank of Montreal from C$165.00 to C$149.00 and set an “overweight” rating on the stock in a report on Wednesday, May 11th. Canaccord Genuity Group lifted their target price on shares of Bank of Montreal from C$169.00 to C$171.00 in a report on Wednesday, March 2nd. Scotiabank dropped their price target on shares of Bank of Montreal from C$168.00 to C$161.00 in a research note on Wednesday, April 13th. Finally, National Bank Financial downgraded shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating in a research note on Sunday, March 6th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$148.35.

Bank of Montreal Company Profile (Get Rating)

Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.

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Earnings History for Bank of Montreal (TSE:BMO)

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