2 weeks Ago By ABMN Staff
Bank of Montreal ( TSE:BMO – Free Report ) (NYSE:BMO) – Investment analysts at Desjardins cut their FY2024 earnings per share estimates for shares of Bank of Montreal in a research note issued on Tuesday, August 27th. Desjardins analyst D. Young now anticipates that the bank will post earnings of $10.
30 per share for the year, down from their prior estimate of $10.75. Desjardins currently has a “Hold” rating and a $120.
00 target price on the stock. The consensus estimate for Bank of Montreal’s current full-year earnings is $11.47 per share.
Desjardins also issued estimates for Bank of Montreal’s Q4 2024 earnings at $2.51 EPS and FY2025 earnings at $11.30 EPS.
A number of other brokerages have also issued reports on BMO. Scotiabank lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$123.00 to C$112.
00 in a research report on Wednesday. Jefferies Financial Group dropped their price objective on Bank of Montreal from C$141.00 to C$124.
00 and set a “buy” rating on the stock in a report on Monday, August 12th. CIBC cut their target price on Bank of Montreal from C$120.00 to C$116.
00 and set a “neutral” rating on the stock in a research report on Wednesday. Bank of America downgraded shares of Bank of Montreal from a “buy” rating to a “neutral” rating and decreased their price target for the stock from C$134.00 to C$117.
00 in a research report on Wednesday. Finally, TD Securities cut shares of Bank of Montreal from a “buy” rating to a “hold” rating and cut their price target for the company from C$130.00 to C$114.
00 in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.
com, the stock currently has a consensus rating of “Hold” and an average price target of C$121.00. Bank of Montreal Price Performance The business has a 50 day moving average price of C$116.
08 and a two-hundred day moving average price of C$122.52. The firm has a market cap of C$81.
61 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 0.54 and a beta of 1.
16. Bank of Montreal has a 1-year low of C$102.67 and a 1-year high of C$133.
95. Bank of Montreal ( TSE:BMO – Get Free Report ) (NYSE:BMO) last posted its quarterly earnings data on Wednesday, May 29th. The bank reported C$2.
59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.74 by C($0.15).
The firm had revenue of C$7.97 billion for the quarter, compared to analysts’ expectations of C$8.06 billion.
Bank of Montreal had a net margin of 21.21% and a return on equity of 8.19%.
Bank of Montreal Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, October 30th will be paid a $1.55 dividend.
The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $6.20 annualized dividend and a dividend yield of ∞.
Bank of Montreal’s payout ratio is currently 71.35%. About Bank of Montreal ( Get Free Report ) Bank of Montreal provides diversified financial services primarily in North America.
It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.
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