Bank of Montreal (NYSE:BMO) issued its quarterly earnings data on Tuesday. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.58 by $0.06, Analyst Ratings News reports. The company had revenue of $4.19 billion for the quarter. During the same quarter in the prior year, the company posted $1.65 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis.
On the ratings front, analysts at TD Securities initiated coverage on shares of Bank of Montreal in a research note to investors on Thursday, October 17th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $65.22.
Bank of Montreal (NYSE:BMO) opened at 69.25 on Tuesday. Bank of Montreal has a 52-week low of $55.61 and a 52-week high of $71.26. The stock has a 50-day moving average of $69.76 and a 200-day moving average of $63.99. The company has a market cap of $44.625 billion and a P/E ratio of 10.93.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, February 26th. Investors of record on Monday, February 3rd will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 4.39%.
Bank of Montreal (NYSE:BMO) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services.
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