Bank of Montreal (BMO) Beats Q1 Earnings and Revenue Estimates

Group 1: Earnings Performance - Bank of Montreal (BMO) reported quarterly earnings of $2.14 per share, exceeding the Zacks Consensus Estimate of$ 1.70 per share, and up from $1.90 per share a year ago, representing an earnings surprise of 25.88% [1] - The bank's revenues for the quarter ended January 2025 were$ 6.52 billion, surpassing the Zacks Consensus Estimate by 8.44%, compared to $5.68 billion in the same quarter last year [2] Group 2: Stock Performance and Outlook - Bank of Montreal shares have increased approximately 2.8% since the beginning of the year, outperforming the S&P 500's gain of 1.7% [3] - The current consensus EPS estimate for the upcoming quarter is$ 1.79 on revenues of $5.97 billion, and for the current fiscal year, it is$ 7.70 on revenues of $24.52 billion [7] Group 3: Industry Context - The Zacks Industry Rank for Banks - Foreign is currently in the bottom 35% of over 250 Zacks industries, indicating that the outlook for the industry can significantly impact stock performance [8]