- 1Q Adjusted EPS: Bank of Montreal reported an adjusted earnings per share (EPS) of C$3.04, surpassing the estimated C$2.42.
- Basel III Common Equity Tier 1 Ratio: This ratio stood at 13.6%, meeting the estimate of 13.6%.
- Net Income Performance: The bank’s net income totaled C$2.14 billion for the first quarter.
- Segment Income:
- Canadian Personal and Commercial Banking reported net income of C$894 million.
- US Personal and Commercial Banking achieved net income of C$580 million.
- Wealth Management recorded net income of C$369 million.
- Capital Markets noted net income of C$587 million.
- Provision for Credit Losses: The bank set aside C$1.01 billion for credit losses, lower than the estimated provision of C$1.08 billion.
- Stock Recommendations: The bank has 7 buy recommendations, 8 hold recommendations, and 2 sell recommendations from analysts.
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A look at Bank Of Montreal Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank of Montreal, known as BMO Financial Group, a Canadian chartered bank with a global presence, has a solid long-term outlook based on its Smartkarma Smart Scores. With a high Value score of 4, the company is considered to be attractively priced relative to its financial performance. Coupled with a strong Dividend score of 4, indicating a good track record of dividend payments, Bank of Montreal demonstrates its commitment to rewarding shareholders.
While the Growth score of 3 suggests moderate growth prospects, the Resilience score of 2 highlights some potential vulnerabilities in the face of economic challenges. However, the Momentum score of 4 indicates that the company has positive price momentum, reflecting investor optimism. Overall, with its diverse range of banking and financial services, Bank of Montreal remains a leading player in the industry with promising long-term prospects.
### Bank of Montreal, doing business as BMO Financial Group, is a Canadian chartered bank which operates throughout the world. The Bank offers commercial, corporate, governmental, international, personal banking, and trust services. Bank of Montreal also offers full brokerage, underwriting, investment, and advisory services. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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