Bank of Montreal (BMO) Set to Announce Earnings on Tuesday

Bank of Montreal (TSE:BMO) (NYSE:BMO) will be releasing its earnings data before the market opens on Tuesday, December 5th. Analysts expect Bank of Montreal to post earnings of C$2.02 per share for the quarter.

Shares of Bank of Montreal (TSE:BMO) opened at C$99.48 on Friday. Bank of Montreal has a twelve month low of C$88.07 and a twelve month high of C$104.15.

In other news, insider Joanna Michelle Rotenberg sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of C$94.81, for a total transaction of C$189,620.00. Also, Director Philip Orsino purchased 17,800 shares of Bank of Montreal stock in a transaction dated Wednesday, September 6th. The shares were bought at an average cost of C$89.12 per share, for a total transaction of C$1,586,336.00.

Several brokerages recently issued reports on BMO. CIBC lowered their price target on Bank of Montreal from C$101.00 to C$100.00 in a report on Wednesday, August 30th. Canaccord Genuity increased their price target on Bank of Montreal from C$99.00 to C$102.00 and gave the company a “hold” rating in a report on Wednesday, August 30th. Scotiabank lowered their price target on Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. Finally, Barclays increased their price target on Bank of Montreal from C$98.00 to C$99.00 in a report on Friday, August 11th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$100.69.

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Bank of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

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