For its second fiscal quarter (ending April 30), Bank of Montreal (NYSE: BMO) has reported E.P.S. of $2.36 compared to $1.27 a year ago. For the latest four quarters through April 30, E.P.S. were $8.12 compared to $9.90 a year ago.
Recent Price Action
Bank of Montreal (NYSE: BMO) stock suffered a large decline of -9.5% on 5/29/24. The stock closed at $86.98. Moreover, this decline was accompanied by exceptionally high trading volume at 284% of normal. The stock has been strong relative to the market over the last nine months but has declined -7.7% during the last week.
Current PriceTarget Research Rating
BMO is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Bank of Montreal has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Bank of Montreal has a slightly positive Power Rating of 62 and a very high Appreciation Score of 98, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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