- Adjusted Earnings Per Share (EPS): Bank of Montreal reported an adjusted EPS of C$3.23, surpassing estimates of C$2.96.
- Basel III Tier 1 Ratio: The common equity Tier 1 ratio stands at 13.5%, slightly above the expected 13.4%.
- Net Income: The bank achieved a net income of C$2.33 billion.
- Canadian Personal and Commercial Banking: Generated a net income of C$867 million.
- US Personal and Commercial Banking: Contributed C$709 million to net income.
- Wealth Management: Achieved a net income of C$436 million.
- Capital Markets: Reported a net income of C$438 million.
- Provision for Credit Losses: The provision was C$797 million, better than the estimated C$930.7 million.
- Non-Interest Expenses: These expenses totaled C$5.11 billion, slightly higher than the estimate of C$5.06 billion.
- Analyst Ratings: The stock has 3 buy ratings, 11 holds, and 2 sells.
A look at Bank Of Montreal Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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, also known as BMO Financial Group, holds a promising outlook for the long term based on its Smartkarma Smart Scores. With solid scores across multiple key factors, including Value and Dividend at 4 each, Momentum at 4, and Growth and Resilience at 3 each, the company is positioned well for potential growth and stability. BMO Financial Group, a Canadian chartered bank with a global presence, offers a range of banking and financial services, including commercial, corporate, and personal banking, as well as investment and advisory services.
The company’s strong performance in Value, Dividend, and Momentum, combined with its diverse service offerings and international operations, indicate a positive outlook for Bank of Montreal in the long term. Investors may find BMO Financial Group to be a compelling option for potential returns and income generation, given its robust Smart Scores and established presence in the financial services industry.
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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