Q4 Earnings Estimate for Bank of Montreal Issued By Cormark

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Stock analysts at Cormark issued their Q4 2024 EPS estimates for shares of Bank of Montreal in a report issued on Monday, November 25th. Cormark analyst L. Persaud expects that the bank will post earnings of $1.74 per share for the quarter. The consensus estimate for Bank of Montreal’s current full-year earnings is $7.37 per share.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings results on Tuesday, August 27th. The bank reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.76 by ($0.12). The business had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $8.25 billion. Bank of Montreal had a net margin of 8.50% and a return on equity of 11.23%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.08 earnings per share.

A number of other brokerages have also recently commented on BMO. Barclays decreased their price target on Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. TD Securities lowered shares of Bank of Montreal from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Jefferies Financial Group cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Scotiabank cut shares of Bank of Montreal from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $123.00 to $112.00 in a research report on Wednesday, August 28th. Finally, StockNews.com lowered shares of Bank of Montreal from a “hold” rating to a “sell” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $119.75.

Bank of Montreal Trading Up 0.6 %

NYSE BMO opened at $95.00 on Wednesday. The firm has a market cap of $69.31 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. Bank of Montreal has a 1-year low of $76.98 and a 1-year high of $100.12. The stock has a 50-day moving average of $92.34 and a 200-day moving average of $88.29. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.13.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BMO. National Bank of Canada FI increased its position in shares of Bank of Montreal by 4.9% during the second quarter. National Bank of Canada FI now owns 14,761,836 shares of the bank’s stock valued at $1,231,564,000 after buying an additional 692,049 shares during the period. Toronto Dominion Bank boosted its position in Bank of Montreal by 14.9% during the 3rd quarter. Toronto Dominion Bank now owns 11,812,353 shares of the bank’s stock valued at $1,065,474,000 after acquiring an additional 1,534,508 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Bank of Montreal by 6.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 7,312,320 shares of the bank’s stock worth $613,138,000 after acquiring an additional 463,924 shares during the period. JARISLOWSKY FRASER Ltd raised its position in shares of Bank of Montreal by 36.9% in the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 5,239,662 shares of the bank’s stock worth $439,705,000 after acquiring an additional 1,412,532 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Bank of Montreal by 14.2% in the 3rd quarter. FMR LLC now owns 5,046,721 shares of the bank’s stock valued at $455,397,000 after purchasing an additional 625,797 shares during the period. 45.82% of the stock is currently owned by institutional investors.

About Bank of Montreal

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.