Bank of Montreal (TSE:BMO) (NYSE:BMO) – Desjardins boosted their FY2019 earnings estimates for shares of Bank of Montreal in a report issued on Tuesday, August 6th. Desjardins analyst D. Young now expects that the bank will post earnings per share of $9.60 for the year, up from their previous estimate of $9.55. Desjardins has a “Hold” rating and a $111.00 price objective on the stock.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last released its quarterly earnings data on Wednesday, May 29th. The bank reported C$2.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$2.28 by C$0.02. The firm had revenue of C$6.21 billion during the quarter, compared to analyst estimates of C$5.72 billion.
BMO stock opened at C$95.67 on Friday. Bank of Montreal has a fifty-two week low of C$86.25 and a fifty-two week high of C$109.00. The business has a 50-day moving average price of C$99.06. The firm has a market cap of $61.21 billion and a PE ratio of 10.15.
In other Bank of Montreal news, Senior Officer Simon Adrian Fish sold 325 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of C$100.53, for a total transaction of C$32,672.25.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Thursday, August 1st will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Wednesday, July 31st. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.00. Bank of Montreal’s dividend payout ratio (DPR) is 41.58%.
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.
Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.