Bank of Montreal Q2 Income Climbs 12%

Institutional investors own 47.82% of the company's stock. Bank Of Montreal had 51 analyst reports since August 20, 2015 according to SRatingsIntel.

Several equities analysts recently weighed in on the stock. The stock increased 0.07% or $0.05 during the last trading session, reaching $69.35. BNP Paribas Arbitrage SA acquired a new position in shares of Bank of Montreal during the first quarter valued at about $121,000. UBS Asset Management Americas Inc. now owns 1,665,146 shares of the bank's stock worth $119,910,000 after buying an additional 133,964 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Bank of Montreal during the fourth quarter valued at about $137,000. North Star Investment Management Corp. increased its position in Bank of Montreal by 69.2% in the first quarter. Parallel Advisors LLC bought a new position in Bank of Montreal during the fourth quarter worth $142,000. Raymond James Financial Services Advisors Inc. now owns 27,541 shares of the bank's stock worth $2,054,000 after buying an additional 6,358 shares during the period. Bank of Montreal's revenue for the quarter was up 6.5% on a year-over-year basis. TD Securities upgraded Bank of Montreal (USA) (NYSE:BMO) on Wednesday, December 2 to "Buy" rating. 668,336 shares of the company's stock were exchanged. The company has a 50 day moving average price of $71.59 and a 200 day moving average price of $72.53. In the bank's wealth-management arm, profit surged 86 per cent higher, compared with a year earlier, to $251-million. Its adjusted revenue was $4.34 billion. The stock of Bank of Montreal (USA) (NYSE:BMO) earned "Buy" rating by Citigroup on Thursday, May 18. Bronfman E.L. Rothschild L.P. raised its position in shares of Bank of Montreal by 1.7% in the first quarter. Bank of Montreal had a return on equity of 13.38% and a net margin of 17.99%. That was up 28 per cent from $973-million, or $1.45 a share, a year earlier. CIBC increased their price target on shares of Bank of Montreal from C$104.00 to C$109.00 in a report on Tuesday, March 7th.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 26th. The dividends on the preferred shares are payable on August 25, 2017, to shareholders of record on August 1, 2017.

Expenses fell to $3.28 billion Canadian dollars (about $2.43 billion) from C$3.31 billion. This is a boost from Bank of Montreal's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Thursday, April 27th. Bank of Montreal's dividend payout ratio is presently 50.19%. Bank of Montreal (USA) (NYSE:BMO) has risen 10.44% since May 23, 2016 and is uptrending.

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Investment analysts at National Bank Financial reduced their Q2 2017 earnings estimates for shares of Bank of Montreal in a research report issued to clients and investors on Thursday. The rating was maintained by Scotia Capital on Wednesday, August 26 with "Sector Perform".

  • Zachary Reyes