Bank of Montreal (TSE:BMO) (NYSE:BMO) will be issuing its quarterly earnings data before the market opens on Tuesday, February 27th. Analysts expect the company to announce earnings of C$2.04 per share for the quarter.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Tuesday, December 5th. The bank reported C$1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.99 by C($0.05). The company had revenue of C$5.66 billion during the quarter, compared to the consensus estimate of C$5.31 billion. Bank of Montreal had a return on equity of 12.00% and a net margin of 21.70%.
Shares of Bank of Montreal (TSE:BMO) opened at C$97.61 on Tuesday. The stock has a market capitalization of $63,270.00, a P/E ratio of 12.32 and a beta of 0.67. Bank of Montreal has a 1-year low of C$88.63 and a 1-year high of C$105.55.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 1st will be issued a $0.93 dividend. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.90. The ex-dividend date is Wednesday, January 31st. This represents a $3.72 annualized dividend and a dividend yield of 3.81%. Bank of Montreal’s dividend payout ratio (DPR) is 44.95%.
BMO has been the topic of several recent research reports. National Bank Financial raised their price target on Bank of Montreal from C$100.00 to C$103.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 6th. CIBC raised their price target on Bank of Montreal from C$100.00 to C$107.00 in a report on Monday, November 13th. Royal Bank of Canada raised their price target on Bank of Montreal from C$108.00 to C$116.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 6th. Macquarie raised Bank of Montreal from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$105.00 to C$107.00 in a report on Thursday, February 15th. Finally, CSFB raised their price target on Bank of Montreal from C$103.00 to C$107.00 in a report on Friday, January 19th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$106.54.
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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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