Equities Analysts Set Expectations for BMO FY2025 Earnings

Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO - Analysts at National Bank Financial decreased their FY2025 earnings estimates for shares of Bank of Montreal in a report issued on Sunday, April 6th. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings per share of $8.07 for the year, down from their previous estimate of $8.18. The consensus estimate for Bank of Montreal's current full-year earnings is $7.71 per share. National Bank Financial also issued estimates for Bank of Montreal's FY2026 earnings at $8.59 EPS.

Several other research analysts have also commented on BMO. StockNews.com upgraded shares of Bank of Montreal from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. CIBC downgraded Bank of Montreal from a "sector outperform" rating to a "neutral" rating in a report on Friday, April 4th. Royal Bank of Canada boosted their price objective on shares of Bank of Montreal from $161.00 to $163.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Finally, Cibc World Mkts downgraded Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $128.40.

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Bank of Montreal Stock Up 1.0 %

BMO traded up $0.92 on Wednesday, reaching $92.06. 173,553 shares of the company traded hands, compared to its average volume of 862,072. Bank of Montreal has a 52-week low of $76.98 and a 52-week high of $106.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $66.93 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.43 and a beta of 0.95. The stock's 50 day moving average price is $97.42 and its 200-day moving average price is $96.22.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last issued its quarterly earnings results on Tuesday, February 25th. The bank reported $3.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $1.36. The business had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $8.58 billion. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. Bank of Montreal's revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.56 earnings per share.

Bank of Montreal Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be paid a $1.1094 dividend. This represents a $4.44 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Tuesday, April 29th. Bank of Montreal's payout ratio is presently 57.35%.

Institutional Investors Weigh In On Bank of Montreal

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Bank of Montreal by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 30,494,749 shares of the bank's stock worth $2,960,491,000 after purchasing an additional 576,744 shares during the period. TD Asset Management Inc. grew its position in Bank of Montreal by 2.8% in the fourth quarter. TD Asset Management Inc. now owns 17,615,141 shares of the bank's stock valued at $1,709,215,000 after acquiring an additional 486,984 shares during the period. Toronto Dominion Bank raised its stake in Bank of Montreal by 8.6% during the fourth quarter. Toronto Dominion Bank now owns 12,833,065 shares of the bank's stock worth $1,244,284,000 after acquiring an additional 1,020,712 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Bank of Montreal by 15.4% in the 4th quarter. Mackenzie Financial Corp now owns 12,215,628 shares of the bank's stock valued at $1,184,636,000 after purchasing an additional 1,630,962 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Bank of Montreal in the 4th quarter worth about $1,014,633,000. 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.