Bank Of Montreal (BMO) Announces Quarterly Earnings Results

Bank Of Montreal (BMO) Announces Quarterly Earnings Results

Vanguard Group Inc. now owns 14,592,498 shares of the bank's stock worth $1,071,673,000 after purchasing an additional 748,173 shares during the last quarter. Acadian Asset Management LLC now owns 6,920,805 shares of the bank's stock valued at $515,459,000 after buying an additional 783,569 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Bank Of Montreal by 1.1% in the third quarter. Greystone Managed Investments Inc. now owns 621,311 shares of the bank's stock valued at $46,912,000 after buying an additional 90,023 shares in the last quarter.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) announced its quarterly earnings data on Tuesday. It also upped Chemours Co stake by 685,000 shares and now owns 1.79 million shares. IL increased its holdings in Bank Of Montreal by 6.5% in the second quarter.

Bank of Montreal (NYSE:BMO) traded down 0.7113% on Wednesday, reaching $67.0894. The stock's 50-day moving average is $70.71 and its 200-day moving average is $72.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07. A month ago, analyst EPS consensus estimated earnings of US$1.56 per share.

Looking forward, for the quarter ending Oct-17, 10 analysts have a mean sales target of 5,270.12 million. Bank Of Montreal had 54 analyst reports since August 20, 2015 according to SRatingsIntel.

The bank posted an annual profit of nearly $5.4-billion or $7.92 a share, though, up notably from a year earlier.

"BMO's fourth-quarter adjusted earnings missed expectations, although it was on the back of reinsurance claims that cost it 17 cents per share", said Barclays analyst John Aiken.

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A number of research firms recently weighed in on BMO. This represents a $2.65 dividend on an annualized basis and a dividend yield of 3.92%.

Bank of Montreal signage is displayed outside a branch in Vancouver.

BMO has been the subject of several analyst reports.

Total shares held by institutions as of the most recent company filings are 153,379,632 with a reported 8,036,114 bought and 3,859,704 sold. Scotiabank reissued a "buy" rating and issued a $112.00 price target on shares of Bank Of Montreal in a research note on Wednesday, November 22nd. The stock of Bank of Montreal (NYSE:BMO) has "Sector Perform" rating given on Friday, September 11 by RBC Capital Markets. BidaskClub upgraded shares of Bank Of Montreal from a "sell" rating to a "hold" rating in a research report on Saturday, August 19th. They issued a "neutral" rating and a $81.00 price target on the stock.

About Bank of Montreal Bank of Montreal (the Bank) is a financial services provider. The companyÂ's personal banking services and products include checking and savings accounts, credit cards, mortgages, creditor insurance, and financial and investment advice; and commercial banking services and products 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. "Consequently, we would not expect to see any material over- or underperformance by BMO today".

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