Bank of Montreal (TSE:BMO) (NYSE:BMO) is scheduled to be releasing its earnings data before the market opens on Tuesday, August 28th. Analysts expect Bank of Montreal to post earnings of C$2.30 per share for the quarter.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings data on Wednesday, May 30th. The bank reported C$2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$2.15 by C$0.05. Bank of Montreal had a return on equity of 9.46% and a net margin of 17.14%. The firm had revenue of C$5.62 billion for the quarter, compared to analysts’ expectations of C$5.52 billion.

Shares of TSE:BMO opened at C$106.08 on Friday. Bank of Montreal has a 12-month low of C$88.63 and a 12-month high of C$106.76.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 28th. Stockholders of record on Wednesday, August 1st will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, July 31st. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.62%.

A number of brokerages have recently issued reports on BMO. Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to a “c$103.93” rating and raised their price objective for the company from C$120.00 to C$124.00 in a research note on Wednesday, July 18th. CIBC cut their target price on Bank of Montreal from C$111.00 to C$109.00 in a research note on Monday, June 11th. National Bank Financial raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$106.00 to C$108.00 in a research note on Thursday, May 31st. Barclays raised their target price on Bank of Montreal from C$101.00 to C$107.00 in a research note on Thursday, May 31st. Finally, Cormark raised their target price on Bank of Montreal from C$110.00 to C$115.00 in a research note on Thursday, May 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Bank of Montreal currently has an average rating of “Buy” and an average price target of C$112.00.

In related news, insider Cameron Mcaskile Fowler sold 19,010 shares of the firm’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of C$102.24, for a total value of C$1,943,582.40. Also, insider Gilles Gerard Ouellette sold 70,771 shares of the firm’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of C$101.94, for a total value of C$7,214,395.74. Insiders sold 117,198 shares of company stock worth $11,932,764 over the last three months.

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.

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Earnings History for Bank of Montreal (TSE:BMO)

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