Bank of Montreal (BMO) Expected to Post Q1 2019 Earnings of $2.28 Per Share
Bank of Montreal (TSE:BMO) (NYSE:BMO) – Analysts at National Bank Financial cut their Q1 2019 earnings per share (EPS) estimates for Bank of Montreal in a note issued to investors on Monday, August 13th. National Bank Financial analyst G. Dechaine now expects that the bank will earn $2.28 per share for the quarter, down from their prior forecast of $2.29. National Bank Financial has a “Outperform” rating and a $108.00 price objective on the stock.
Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Wednesday, May 30th. The bank reported C$2.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$2.15 by C$0.05. The company had revenue of C$5.62 billion for the quarter, compared to analysts’ expectations of C$5.52 billion. Bank of Montreal had a net margin of 17.14% and a return on equity of 9.46%.
Shares of Bank of Montreal stock opened at C$105.83 on Thursday. Bank of Montreal has a 1 year low of C$88.63 and a 1 year high of C$106.00.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 28th. Shareholders of record on Wednesday, August 1st will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.63%. The ex-dividend date is Tuesday, July 31st.
In other Bank of Montreal news, insider Cameron Mcaskile Fowler sold 19,010 shares of the company’s stock in a transaction dated Tuesday, June 26th. The shares were sold at an average price of C$102.24, for a total transaction of C$1,943,582.40. Also, insider Patrick Cronin sold 24,417 shares of the company’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of C$101.14, for a total transaction of C$2,469,535.38. Insiders have sold a total of 117,198 shares of company stock worth $11,932,764 in the last 90 days.
About Bank of Montreal
Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, 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, and specialized banking programs for small business and commercial banking customers.
Read More: Google Finance
Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.