Bank of Montreal to Post FY2024 Earnings of $14.00 Per Share, National Bank Financial Forecasts (TSE:BMO)

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) – Research analysts at National Bank Financial issued their FY2024 earnings per share estimates for shares of Bank of Montreal in a research report issued on Sunday, January 8th. National Bank Financial analyst G. Dechaine expects that the bank will earn $14.00 per share for the year. The consensus estimate for Bank of Montreal’s current full-year earnings is $14.99 per share.

Bank of Montreal (TSE:BMOGet Rating) (NYSE:BMO) last posted its quarterly earnings data on Thursday, December 1st. The bank reported C$3.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$3.06 by C($0.02). The business had revenue of C$10.57 billion during the quarter.

BMO has been the topic of a number of other research reports. TD Securities increased their price target on Bank of Montreal from C$145.00 to C$150.00 and gave the company a “buy” rating in a research note on Friday, December 2nd. National Bankshares cut their price target on Bank of Montreal from C$147.00 to C$142.00 and set a “sector perform” rating on the stock in a research note on Friday, December 2nd. Cormark lowered their price objective on shares of Bank of Montreal from C$147.00 to C$145.00 in a research report on Friday, December 2nd. Canaccord Genuity Group upped their price objective on shares of Bank of Montreal from C$148.00 to C$151.00 in a research report on Friday, December 2nd. Finally, CSFB upped their price objective on shares of Bank of Montreal from C$150.00 to C$152.00 in a research report on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Bank of Montreal currently has an average rating of “Moderate Buy” and an average price target of C$150.17.

Bank of Montreal Stock Down 0.1 %

BMO stock opened at C$127.65 on Tuesday. The business’s fifty day moving average is C$127.26 and its 200-day moving average is C$125.87. The company has a market cap of C$89.78 billion and a P/E ratio of 6.39. Bank of Montreal has a twelve month low of C$113.73 and a twelve month high of C$154.47.

Bank of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 28th. Stockholders of record on Monday, January 30th will be issued a $1.43 dividend. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.39. The ex-dividend date of this dividend is Friday, January 27th. This represents a $5.72 annualized dividend and a dividend yield of 4.48%. Bank of Montreal’s dividend payout ratio (DPR) is presently 27.21%.

Bank of Montreal Company Profile

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Bank of Montreal engages in the provision of diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, personal loans, small business lending, cash management, 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, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.

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Earnings History and Estimates for Bank of Montreal (TSE:BMO)

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