Somewhat Positive Media Coverage Somewhat Likely to Impact Bank of Montreal (BMO) Share Price
News coverage about Bank of Montreal (NYSE:BMO) (TSE:BMO) has been trending somewhat positive this week, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Bank of Montreal earned a daily sentiment score of 1.54 on their scale. InfoTrie also gave media coverage about the bank an news buzz score of 5 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have effected Bank of Montreal’s score:
- BMO Global Asset Management Receives Multiple Honours at 2018 Lipper Fund Awards (finance.yahoo.com)
- BMO to Close Only Bank in Chatsworth (bayshorebroadcasting.ca)
- FY2018 Earnings Estimate for Bank of Montreal (BMO) Issued By Desjardins (americanbankingnews.com)
- BMO Branch is Moving Out of Downtown Owen Sound (bayshorebroadcasting.ca)
- Bank of Montreal (BMO) Receives Daily Media Impact Score of 2.67 (americanbankingnews.com)
BMO has been the subject of several research analyst reports. ValuEngine lowered Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Zacks Investment Research lowered Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and set a $120.00 target price for the company in a research note on Wednesday, July 18th. BMO Capital Markets upgraded Bank of Montreal to a “$78.97” rating in a research note on Wednesday, July 18th. Finally, Canaccord Genuity upgraded Bank of Montreal from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $106.50.
Bank of Montreal (NYSE:BMO) (TSE:BMO) last posted its earnings results on Tuesday, August 28th. The bank reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. Bank of Montreal had a return on equity of 14.75% and a net margin of 16.17%. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. On average, equities research analysts predict that Bank of Montreal will post 6.91 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Thursday, November 1st will be paid a $0.7386 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $2.95 dividend on an annualized basis and a dividend yield of 3.95%. Bank of Montreal’s dividend payout ratio (DPR) is currently 46.79%.
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Bank of Montreal Company Profile
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.
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