Brokers Offer Predictions for Bank of Montreal’s Q2 2022 Earnings (TSE:BMO)

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) – Stock analysts at National Bank Financial issued their Q2 2022 earnings per share estimates for shares of Bank of Montreal in a research note issued on Sunday, May 15th. National Bank Financial analyst G. Dechaine forecasts that the bank will earn $2.91 per share for the quarter. National Bank Financial has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Bank of Montreal’s Q3 2022 earnings at $2.99 EPS, Q4 2022 earnings at $2.95 EPS and FY2022 earnings at $12.73 EPS.

BMO has been the topic of a number of other reports. National Bankshares cut Bank of Montreal from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$163.00 to C$151.00 in a research report on Monday, March 7th. Canaccord Genuity Group raised their target price on Bank of Montreal from C$169.00 to C$171.00 in a research report on Wednesday, March 2nd. CIBC dropped their target price on Bank of Montreal from C$150.00 to C$142.00 in a research report on Tuesday. Barclays dropped their target price on Bank of Montreal from C$165.00 to C$149.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 11th. Finally, Scotiabank dropped their target price on Bank of Montreal from C$168.00 to C$161.00 in a research report on Wednesday, April 13th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from, the stock currently has an average rating of “Buy” and an average target price of C$148.35.

Shares of BMO opened at C$135.12 on Wednesday. Bank of Montreal has a fifty-two week low of C$120.94 and a fifty-two week high of C$154.47. The company has a market capitalization of C$90.73 billion and a P/E ratio of 10.41. The business’s 50-day moving average is C$143.26 and its two-hundred day moving average is C$142.30.

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

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

About Bank of Montreal (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 and Estimates for Bank of Montreal (TSE:BMO)

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