Bank of Montreal reports results for the quarter ended April 30 - Earnings Summary

• Bank of Montreal BMO.TO reported quarterly adjusted earnings of C$2.62​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of C$2.59. The mean expectation of ten analysts for the quarter was for earnings of C$2.54 per share. Wall Street expected results to range from C$2.43 to C$2.77 per share.

• Revenue rose 8.7% to C$8.68 billion from a year ago; analysts expected C$8.67 billion.

• Bank of Montreal's reported EPS for the quarter was C$2.50​.

• The company reported quarterly net income of C$1.82 billion.

• Bank of Montreal shares had risen by 9.7% this quarter and gained 8.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Bank of Montreal is C$150.00

This summary was machine generated from LSEG data May 28 at 01:30 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)