Bank of Montreal (NYSE: BMO) has reported earnings for its third fiscal quarter (ending July 31) of $2.49 versus $2.13 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $8.64 versus $10.08 for the same period a year ago.
Recent Price Action
On 8/27/24, Bank of Montreal (NYSE: BMO) stock suffered a large decline of -6.2%, closing at $83.30. Moreover, this decline was accompanied by exceptionally high trading volume at 219% of normal. The stock has declined -3.6% during the last week and has been weak relative to the market over the last nine months.
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 B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Bank of Montreal has a very high Appreciation Score of 98 but a slightly negative Power Rating of 35, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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