Wall Street await Bank of Montreal (TSE:BMO) to release earnings on August, 29 before the open. The expected T_BMO’s profit could reach $1.39 billion giving the stock 10.78 P/E in the case that $2.14 earnings per share is reported.
Since the start of the New Year, Bank of Montreal (NYSE:BMO) shares have seen a move of 2.89%. The stock has a market cap of $60.19 billion and a PE ratio of 11.61.
Let’s also take a brief look at the stock price in relation to some highs/lows and moving averages. Bank of Montreal has a one year low of $83.43 and a one year high of $104.15. Dundee Securities maintained it with “Neutral” rating and $91 target in Wednesday, September 21 report. Scotiabank decreased their target price on shares of Bank of Montreal from C$107.00 to C$104.00 and set an “outperform” rating on the stock in a research report on Thursday, May 25th. They issued a “hold” rating for the company. Looking back over the last month, shares have performed -2.93%. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share. Also, Director Thomas Earl Flynn sold 10,951 shares of the business’s stock in a transaction dated Friday, June 2nd. In terms of recent volatility, the average for the month is 1.06% and 1.12% for the past week.
Toronto-Dominion Bank (TSX:TD) and Montreal-based National Bank (TSX:NA) report their third-quarter results later this week.
ILLEGAL ACTIVITY WARNING: This report was first reported by Week Herald and is the property of of Week Herald. Canaccord Genuity began coverage on Bank Of Montreal in a report on Tuesday, July 18th.
Bank of Montreal (the Bank) is a financial services provider. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products.