Bank of Montreal (TSE:BMO) (NYSE:BMO) will be posting its quarterly earnings results before the market opens on Wednesday, May 30th. Analysts expect Bank of Montreal to post earnings of C$2.16 per share for the quarter.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings results on Tuesday, February 27th. The bank reported C$2.12 EPS for the quarter, beating analysts’ consensus estimates of C$2.07 by C$0.05. The business had revenue of C$5.68 billion during the quarter, compared to analyst estimates of C$5.56 billion. Bank of Montreal had a return on equity of 9.46% and a net margin of 17.14%.
Bank of Montreal opened at C$101.89 on Wednesday, according to MarketBeat. Bank of Montreal has a 12 month low of C$88.63 and a 12 month high of C$105.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 28th. Shareholders of record on Tuesday, May 1st will be paid a $0.93 dividend. The ex-dividend date of this dividend is Monday, April 30th. This represents a $3.72 dividend on an annualized basis and a yield of 3.65%.
A number of brokerages have issued reports on BMO. Barclays reduced their price objective on Bank of Montreal from C$102.00 to C$101.00 in a research note on Wednesday, February 28th. Royal Bank of Canada upped their price objective on Bank of Montreal from C$113.00 to C$115.00 in a research note on Wednesday, February 14th. Macquarie upgraded Bank of Montreal from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$105.00 to C$107.00 in a research note on Thursday, February 15th. TD Securities reduced their price objective on Bank of Montreal from C$115.00 to C$110.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Finally, Eight Capital upped their price objective on Bank of Montreal from C$106.00 to C$109.00 in a research note on Thursday, March 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$109.00.
In other news, insider Frank J. Techar sold 9,747 shares of the stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of C$78.11, for a total transaction of C$761,338.17. Also, Director Thomas Earl Flynn sold 23,000 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of C$96.08, for a total value of C$2,209,840.00. Insiders sold a total of 57,147 shares of company stock valued at $5,323,210 in the last 90 days.
Bank of Montreal Company Profile
Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, 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, and specialized banking programs for small business and commercial banking customers.
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