Equities Analysts Offer Predictions for BMO Q4 Earnings

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Research analysts at Cormark issued their Q4 2024 earnings per share (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 earn $1.74 per share for the quarter. The consensus estimate for Bank of Montreal’s current full-year earnings is $7.37 per share.

Several other analysts have also recently issued reports on the company. TD Securities cut Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. StockNews.com downgraded shares of Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Thursday, August 29th. Scotiabank cut Bank of Montreal from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $123.00 to $112.00 in a report on Wednesday, August 28th. 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 report on Wednesday, August 28th. Finally, Bank of America downgraded shares of Bank of Montreal from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $134.00 to $117.00 in a research note on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $119.75.

Bank of Montreal Stock Up 0.6 %

BMO opened at $94.96 on Wednesday. Bank of Montreal has a fifty-two week low of $76.98 and a fifty-two week high of $100.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $69.28 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The firm’s fifty day moving average is $92.47 and its 200 day moving average is $88.34.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings results on Tuesday, August 27th. The bank reported $2.64 earnings per share for the quarter, missing the consensus estimate of $2.76 by ($0.12). The firm 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%. Bank of Montreal’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.08 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BMO. National Bank of Canada FI grew its stake in Bank of Montreal by 4.9% in 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 purchasing an additional 692,049 shares during the last quarter. Toronto Dominion Bank grew its stake 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 worth $1,065,474,000 after buying an additional 1,534,508 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Bank of Montreal by 6.8% during the second quarter. 1832 Asset Management L.P. now owns 7,312,320 shares of the bank’s stock valued at $613,138,000 after acquiring an additional 463,924 shares in the last quarter. JARISLOWSKY FRASER Ltd increased its stake in Bank of Montreal by 36.9% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 5,239,662 shares of the bank’s stock valued at $439,705,000 after purchasing 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% during the third quarter. FMR LLC now owns 5,046,721 shares of the bank’s stock worth $455,397,000 after buying an additional 625,797 shares during the period. Institutional investors own 45.82% of the company’s stock.

Bank of Montreal Company Profile

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.