$2.02 EPS Expected for Bank of Montreal (BMO)

Angelo Anderson
November 14, 2017

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective increased by Dundee Securities from C$90.00 to C$95.00 in a research report released on Wednesday. It also demonstrates a stable dividend policy for Bank of Montreal connected to the long-run, with viable earnings. BFC operates through its subsidiary BMO Harris Bank N.A. (BHB), which provides banking, financing, investing and cash management services in select markets in the United States Midwest.

A number of analysts recently commented on BMO shares. Finally, Scotiabank restated a "buy" rating and set a $101.00 price target on shares of Bank Of Montreal in a research report on Wednesday, August 30th. As per Thursday, May 18, the company rating was upgraded by Citigroup.

On August 29, 2017 Canaccord Genuity updated guidance on BMO and giving a rating of "Hold" and price target of $102.00. BidaskClub lowered Bank Of Montreal from a "buy" rating to a "hold" rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock.

Xcel Energy Inc.is a public utility holding company. About 617,413 shares traded. 214,900 shares of the company were exchanged, compared to its average volume of 315,040. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. Bank of Montreal has a 52 week low of $68.65 and a 52 week high of $96.22. As per Wednesday, August 26, the company rating was maintained by RBC Capital Markets. The bank reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.57 by ($0.04). Bank Of Montreal had a return on equity of 14.36% and a net margin of 20.04%. During the same quarter in the prior year, the business earned $1.94 EPS.

Investors wait Bank of Montreal (TSE:BMO) to report on December, 5 before the open. its quarterly earnings Wall Street analysts expect $2.02 earnings per share, down $0.08 or 3.81 % from last year's $2.1 same quarter earnings.


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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Div. & Inc. Fund (DEX) has risen 22.39% since November 12, 2016 and is uptrending. The ex-dividend date of this dividend is Tuesday, October 31st.

The EPS for Bank of Montreal is valued at 6.41 with an EPS growth this year at 5.30%. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.71%. Bank Of Montreal's dividend payout ratio (DPR) is 46.91%.

The price-to-book ratio of 1.65 for Bank of Montreal (NYSE:BMO) implies that investors are highly hopeful for the organization to create more value from the given set of assets. Td Asset Management Inc now owns 3,273,209 shares valued at $247,136,000. Bank Of Montreal comprises 5.2% of Highstreet Asset Management Inc.'s holdings, making the stock its 5th largest holding. Taylor Asset Management Inc owns 284,800 shares worth $21,550,000. Finally, Great West Life Assurance Co. As of quarter end Pictet North America Advisors Sa had disposed of a total of 6,921 shares trimming its stake by 6.0%. Great West Life Assurance Co. During the same period a year ago, the firm posted $1.94 earnings per share. Bank of Montreal had a market cap of 50.37B, indicating that it has a good hold on the market value of the shares outstanding.

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