What is Cormark’s Forecast for BMO Q4 Earnings?

Bank of Montreal (NYSE:BMO) (TSE:BMO) – Research analysts at Cormark issued their Q4 2024 earnings estimates for Bank of Montreal in a report issued on Monday, November 25th. Cormark analyst L. Persaud expects that the bank will post earnings per share of $1.74 for the quarter. The consensus estimate for Bank of Montreal’s current full-year earnings is $7.40 per share.

A number of other research analysts have also recently commented on BMO. TD Securities cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Barclays cut their target price on shares of Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Jefferies Financial Group cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. Scotiabank cut shares of Bank of Montreal from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $123.00 to $112.00 in a research note on Wednesday, August 28th. Finally, Royal Bank of Canada cut shares of Bank of Montreal from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $119.75.

Bank of Montreal Stock Down 1.2 %

Shares of BMO opened at $94.40 on Wednesday. The stock has a market cap of $68.87 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 2.57 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.13. Bank of Montreal has a 12 month low of $76.98 and a 12 month high of $100.12. The company has a 50-day moving average price of $92.18 and a two-hundred day moving average price of $88.24.

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

Institutional Trading of Bank of Montreal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Bank of Montreal in the second quarter valued at approximately $34,000. Rothschild Investment LLC acquired a new stake in shares of Bank of Montreal in the second quarter valued at approximately $40,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bank of Montreal in the third quarter valued at approximately $45,000. GHP Investment Advisors Inc. increased its holdings in shares of Bank of Montreal by 244.1% in the third quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock valued at $50,000 after purchasing an additional 393 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Bank of Montreal by 34.6% in the first quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $56,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds 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.