Bank of Montreal (NYSE:BMO) (TSE:BMO) posted its earnings results on Tuesday. The bank reported $2.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.64, Briefing.com reports. The company had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.91 billion. Bank of Montreal had a net margin of 14.99% and a return on equity of 14.05%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.32 earnings per share.
Shares of NYSE BMO traded down $1.75 during trading hours on Friday, hitting $67.41. 80,110 shares of the stock were exchanged, compared to its average volume of 469,224. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50 day moving average is $77.37 and its 200 day moving average is $74.81. The firm has a market capitalization of $45.83 billion, a P/E ratio of 10.21, a P/E/G ratio of 1.86 and a beta of 1.10. Bank of Montreal has a one year low of $66.42 and a one year high of $79.93.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Friday, May 1st will be issued a dividend of $0.801 per share. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.80. This represents a $3.20 annualized dividend and a dividend yield of 4.75%. The ex-dividend date is Thursday, April 30th. Bank of Montreal’s dividend payout ratio is currently 45.07%.
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, 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, as well as wealth management products and services, such as insurance products.
Further Reading: Growth Stocks
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.