Date | Price Target | Rating | Analyst |
---|---|---|---|
8/28/2024 | Buy → Neutral | BofA Securities | |
8/28/2024 | Sector Outperform → Sector Perform | Scotiabank | |
8/27/2024 | Buy → Hold | TD Securities | |
8/27/2024 | Buy → Hold | Jefferies | |
7/30/2024 | Outperform → Sector Perform | RBC Capital Mkts | |
7/2/2024 | Neutral | UBS | |
6/3/2024 | Outperform → Mkt Perform | Keefe Bruyette | |
5/29/2024 | Buy → Hold | Desjardins |
BMO's Third Quarter 2024 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended July 31, 2024 are available online at www.bmo.com/investorrelations and at www.sedarplus.ca. Financial Results Highlights Third Quarter 2024 compared with Third Quarter 2023: Net income of $1,865 million, compared with $1,565 million; adjusted net income1, 2 of $1,981 million, compared with $2,148 millionReported earnings per share (EPS)3 of $2.48, compared with $2.12; adjusted EPS1, 2, 3 of $2.64, compared with $2.94Provision for credit losses (PCL) of $906 million, compared with $492 millionReturn on equity (ROE) of 10.0%, compared with 9.0%; adjusted ROE1
TORONTO, Aug. 6, 2024 /CNW/ - BMO Financial Group will announce its third quarter 2024 financial results and hold its investor community conference call on August 27th, 2024. Financial results will be issued in a news release at approximately 5:30 a.m. ET. Investor Community Conference Call Time: 7:15 a.m. ETThe conference call will be available in a listen-only mode:via telephone at 1-800-806-5484 or 416-340-2217 (Toronto area),Passcode: 9768240#via the Internet at https://www.bmo.com/home/about/banking/investor-relations/financial-information/quarterly-resultsPresentation material referenced during the conference call will be available at https://www.bmo.com/home/about/banking/investor-re
TORONTO, July 23, 2024 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the July 2024 cash distributions for unitholders of BMO ETFs and unitholders of ETF Series units of the BMO Mutual Funds (ETF Series) that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and ETF Series at the close of business on July 30, 2024 will receive cash distributions payable on August 2, 2024. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is July 30, 2024. Details of the per unit cash distribution amount are as follows: FUND NAME FUND TI
Keefe, Bruyette & Woods analyst Mike Rizvanovic downgrades Bank of Montreal (NYSE:BMO) from Outperform to Market Perform and lowers the price target from $137 to $124.
Shares of Bank of Montreal (NYSE:BMO) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter financial results. Bank of Montreal posted quarterly adjusted earnings of C$2.59 per share, missing market estimates of C$2.77 per share. The company's quarterly sales came in at C$7.988 billion missing expectations of C$8.046 billion, according to data from Benzinga Pro. Bank of Montreal shares declined 7.1% to $89.32 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers ReShape Lifesciences Inc. (NASDAQ:RSLS) shares jumped 82.8% to $0.3799 a day after it received the nod from the U.S. Patent And Trademark O
BofA Securities downgraded Bank of Montreal from Buy to Neutral
Scotiabank downgraded Bank of Montreal from Sector Outperform to Sector Perform
TD Securities downgraded Bank of Montreal from Buy to Hold
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CHICAGO, Sept. 18, 2024 /PRNewswire/ - BMO today announced that it is decreasing its US$ prime lending rate from 8.50 percent to 8.00 percent, effective September 19, 2024. About BMO Financial Group BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.4 trillion as of July 31, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow
TORONTO and CHICAGO, Sept. 12, 2024 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) announced today that the United States Court of Appeals for the Eighth Circuit reversed a prior jury verdict and instructed the district court to enter judgement in favour of BMO's U.S. subsidiary, BMO Bank National Association. The lawsuit related to a Ponzi scheme carried out by Thomas J. Petters and certain affiliated individuals and entities (collectively, Petters) that operated a deposit account at a predecessor bank, M&I Marshall and Ilsley Bank. "We are very pleased with the decision of the United States Court of Appeals for the Eighth Circuit," stated a BMO spokesperson. As a result of this o
TORONTO, Sept. 10, 2024 /CNW/ - BMO today celebrated the official opening of BMO Academy, its new flagship learning and event centre in downtown Toronto. This state-of-the-art facility represents BMO's single largest investment in learning and development in 30 years, marking a significant milestone in its commitment to employee skill building and career growth. BMO Academy is designed with the future in mind. Modern and digitally enabled, it offers a hybrid learning environment that supports a seamless blend of in-person and virtual experiences. From learning sessions and str
LAFC Unveils New 2024 Primary JerseyLOS ANGELES, TORONTO, and CHICAGO, Feb. 15, 2024 /PRNewswire/ - Los Angeles Football Club (LAFC) and BMO today announced an expansion of their multi-year partnership, unveiling BMO as the Club's "Official Jersey Sponsor" on the 2024 primary and secondary jersey. BMO will continue to support fans of LAFC and the community as the Official Bank of LAFC, and BMO Stadium will continue to be the home of LAFC in the heart of Los Angeles. VIEW THE NEW JERSEY HERE: LAFC KIT LAUNCH PHOTOS (Credit: LAFC) Authentic and replica 2024 primary jerseys will
Following a surge in excess savings during the pandemic, Canadians are no longer putting as much money away - with savings levels now returning to pre-pandemic levels 63 per cent say current economic conditions are negatively affecting their ability to save for retirementTORONTO, Feb. 7, 2024 /CNW/ - BMO's annual retirement survey reveals Millennials (ages 28 to 44) believe they will need about $2.1M to retire, the highest among all adult generations. The survey also revealed that, for a second consecutive year, Canadians overall believe they need about $1.7 million in retirement. Demographic Age Groups Estimated Savings Needed to Retire,According to Survey Respondents National (All age gro
TORONTO and NEW YORK, Oct. 10, 2023 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced the upcoming retirement of its Chief Executive Officer & Group Head, Capital Markets, Dan Barclay, and the appointment of Alan Tannenbaum into the role. After a 32-year investment banking career, Mr. Barclay will transition to a role as Senior Advisor to the CEO. Mr. Tannenbaum will also join the bank's Executive Committee. Both changes are effective November 1, 2023. Mr. Tannenbaum will lead BMO Capital Markets and provide strategic direction on global markets and inve