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

Bank of Montreal (TSE:BMO) (NYSE:BMO) will be announcing its earnings results before the market opens on Wednesday, May 29th. Analysts expect the company to announce earnings of C$2.33 per share for the quarter.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings data on Tuesday, February 26th. The bank reported C$2.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$2.24 by C$0.08. The business had revenue of C$6.52 billion for the quarter, compared to analysts’ expectations of C$5.94 billion.

Shares of BMO stock opened at C$104.63 on Wednesday. The company has a market cap of $65.95 billion and a P/E ratio of 11.59. Bank of Montreal has a 52-week low of C$86.25 and a 52-week high of C$109.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Wednesday, May 1st will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.82%. The ex-dividend date is Tuesday, April 30th. Bank of Montreal’s payout ratio is 42.65%.

In other news, Senior Officer Patrick Cronin sold 26,022 shares of Bank of Montreal stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$102.16, for a total transaction of C$2,658,329.45. Also, Senior Officer Cameron Mcaskile Fowler sold 6,900 shares of Bank of Montreal stock in a transaction on Monday, March 18th. The stock was sold at an average price of C$103.98, for a total transaction of C$717,482.70.

Several equities analysts recently issued reports on BMO shares. Bank of America lowered shares of Bank of Montreal from a “neutral” rating to an “underperform” rating and cut their price objective for the company from C$104.00 to C$98.00 in a report on Monday, January 28th. National Bank Financial lifted their price objective on shares of Bank of Montreal from C$114.00 to C$116.00 in a report on Wednesday, February 27th. Desjardins lifted their price objective on shares of Bank of Montreal from C$108.00 to C$111.00 and gave the company a “hold” rating in a report on Tuesday, May 14th. Royal Bank of Canada lifted their price objective on shares of Bank of Montreal from C$112.00 to C$113.00 and gave the company an “outperform” rating in a report on Wednesday, February 27th. Finally, CSFB set a C$106.00 price target on shares of Bank of Montreal and gave the stock an “underperform” rating in a report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Bank of Montreal currently has an average rating of “Hold” and an average target price of C$110.42.

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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, 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, as well as wealth management products and services, such as insurance products.

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Earnings History for Bank of Montreal (TSE:BMO)

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