Group 1: Earnings Performance - Bank of Montreal (BMO) reported quarterly earnings of $1.91 per share, missing the Zacks Consensus Estimate of $2.01 per share, and down from $2.16 per share a year ago, representing an earnings surprise of -4.98% [1] - The bank's revenues for the quarter ended April 2024 were $5.88 billion, which also missed the Zacks Consensus Estimate by 1.33%, compared to $6.22 billion in the same quarter last year [1] - Over the last four quarters, the company has consistently failed to surpass consensus EPS and revenue estimates [1] Group 2: Stock Performance and Outlook - Bank of Montreal shares have declined approximately 2.9% since the beginning of the year, contrasting with the S&P 500's gain of 11.2% [2] - The current consensus EPS estimate for the upcoming quarter is $2.32 on revenues of $6.13 billion, and for the current fiscal year, it is $8.31 on revenues of $24.05 billion [4] - The estimate revisions trend for Bank of Montreal is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Group 3: Industry Context - The Zacks Industry Rank for Banks - Foreign places it in the top 22% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [5] - Another bank in the same industry, Canadian Imperial Bank (CM), is expected to report quarterly earnings of $1.22 per share, reflecting a year-over-year change of -2.4%, with revenues anticipated to be $4.48 billion, up 6.5% from the previous year [6]

BMO Financial Group Investor Presentation For the Quarter Ended April 30, 2024 May 29, 2024 Q2 24 Caution Regarding Forward-Looking Statements Bank of Montreal's public communications often include written or oral forward-looking statements. Statements of this type are included in this document, and may be included in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission, or in other communications. All such statements are made pursuant to the "safe harbor" provisi ...

TORONTO, May 29, 2024 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced at its Board of Directors declared a quarterly dividend of $1.55 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2024 ("Q3 2024 Dividend"), a 4 cent, or 3 per cent, increase from the prior quarter, up 5 per cent from the prior year.The Board of Directors also declared dividends of:$0.2265 per share on paid-up Class B Preferred Shares Series 29;$0.240688 per share on paid-u ...

BMO's Second Quarter 2024 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended April 30, 2024 are available online at www.bmo.com/investorrelations and at www.sedarplus.ca.Financial Results HighlightsSecond Quarter 2024 compared with Second Quarter 2023:Net income of $1,866 million, compared with $1,029 million; adjusted net income1, 2 of $2,033 million, compared with $2,186 millionReported earnings per share (EPS)3 of $2.36, compared with $1.26; adj ...

The market expects Bank of Montreal (BMO) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 29, 2024, might help the stock move higher if these key numbers are b ...

SUNNYVALE, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (NASDAQ:MTTR) announced that BMO (NYSE:BMO), the eighth largest bank in North America by assets, has leveraged Matterport's digital twin platform to streamline site visits across its physical footprint for multiple areas of the bank. BMO provides a broad range of personal and commercial banking, wealth management, global markets, and investment banking products and services to 13 million customers. In December 2021, BMO announced its plans ...

NEW YORK, April 19, 2024 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it will implement a reverse split of two series of its outstanding exchange traded notes (the "ETNs" or "Notes"), as listed in the table below, expected to be effective as of April 29, 2024 (the "effective date"). The table below indicates the ETNs that will be subject to the reverse split, their trading symbols, the applicable reverse split ratio, their current CUSIP numbers, and the CUSIP numbers that they ...

TORONTO, April 16, 2024 /PRNewswire/ - Bank of Montreal (TSX:BMO) (NYSE:BMO) today held its Annual Meeting of Shareholders. At the meeting, all director nominees listed in the bank's management proxy circular dated February 7, 2024 were elected. The detailed results of the vote for the election of directors are set out below. Each of the following 13 nominees was elected as a director of Bank of Montreal: Nominee Votes For Votes Withheld Janice M. Babiak 342,157,861 97.36 % 9,271,842 2.64 % C ...

NEW YORK, March 15, 2024 /PRNewswire/ - Bank of Montreal (TSX: BMO)(NYSE: BMO) announced today that it will implement a 1-for-10 reverse split of three series of its outstanding exchange traded notes, as listed in the table below (the "ETNs" or "Notes"), expected to be effective as of March 25, 2024 (the "effective date," or the "ex date"). The table below indicates the ETNs that will be subject to the reverse split, their trading symbols, their current CUSIP numbers, and the CUSIP numbers that they will re ...

Shares of Bank of Montreal (BMO) lost 3.7% following the release of its first-quarter fiscal 2024 (ended Jan 31) results. Adjusted earnings per share of C$2.56 declined 16.3% year over year.A significant rise in provision for credit losses, along with higher adjusted expenses, primarily hurt the results. However, increases in net interest income (NII) and non-interest income were tailwinds.After considering non-recurring items, net income was C$1.29 billion ($0.95 billion), which increased significantly fro ...