BMO.TO - Bank of Montreal
| Previous Close | 69.39 |
| Open | 68.59 |
| Bid | 67.73 x 0 |
| Ask | 67.74 x 0 |
| Day's Range | 67.57 - 68.91 |
| 52 Week Range | 55.76 - 104.75 |
| Volume | 3,355,323 |
| Avg. Volume | 4,292,642 |
| Market Cap | 43.445B |
| Beta (5Y Monthly) | 1.02 |
| PE Ratio (TTM) | 7.76 |
| EPS (TTM) | 8.75 |
| Earnings Date | Aug. 25, 2020 |
| Forward Dividend & Yield | 4.24 (6.11%) |
| Ex-Dividend Date | Jul. 31, 2020 |
| 1y Target Est | 83.83 |
- The Motley Fool
These 3 Canadian Dividend Kings Haven’t Missed a Payout for 100+ Years
Dividend kings like BCE Inc. (TSX:BCE)(NYSE:BCE) and Bank of Montreal (TSX:BMO)(NYSE:BMO) and their impressive dividend histories would look good in any portfolio. The post These 3 Canadian Dividend Kings Haven't Missed a Payout for 100+ Years appeared first on The Motley Fool Canada.
- The Motley Fool
TFSA Investing: 3 TSX Dividend Stocks to Buy
With markets remaining unsettled, those focused on TFSA investing can find cheap stocks. Find out which three have solid yields today.The post TFSA Investing: 3 TSX Dividend Stocks to Buy appeared first on The Motley Fool Canada.
- The Motley Fool
How to Prevent the CRA From Clawing Back Your $2,000 CERB!
Consider using your cash savings in the Bank of Montreal stock after learning how to avoid paying back your CERB payments.The post How to Prevent the CRA From Clawing Back Your $2,000 CERB! appeared first on The Motley Fool Canada.
- The Motley Fool
Why This Is the Time to Buy Canada’s Best Dividend Stocks
Canada's beaten-down banking stocks have become attractive and offer one of the best avenues to earn steadily growing dividends.The post Why This Is the Time to Buy Canada’s Best Dividend Stocks appeared first on The Motley Fool Canada.
- CNW Group
BMO Financial Group signs IFC led Operating Principles for Impact Management
BMO Financial Group signs IFC led Operating Principles for Impact Management
- Zacks
Bank of Montreal (BMO) Up 1.8% Despite Y/Y Lower Q2 Earnings
Increase in provisions and lower revenues hamper Bank of Montreal's (BMO) fiscal Q2 results.
- Simply Wall St.
Should You Think About Buying Bank of Montreal (TSE:BMO) Now?
Bank of Montreal (TSE:BMO) received a lot of attention from a substantial price increase on the TSX over the last few...
- The Motley Fool
Bank of Montreal (TSX:BMO) Earnings Report: 3 Numbers You Need to Know
Bank of Montreal earnings disappoint as the pandemic driven economic crisis causes the possibility of significant credit losses.The post Bank of Montreal (TSX:BMO) Earnings Report: 3 Numbers You Need to Know appeared first on The Motley Fool Canada.
- The Motley Fool
Students of Canada: Are You Eligible for $5,000 Crisis Money?
The federal government is offering a $5,000 grant to Canadian students who will volunteer to help in the COVID-19 efforts. For millennials looking to invest, the Bank of Montreal stock can be an income provider for decades to come.The post Students of Canada: Are You Eligible for $5,000 Crisis Money? appeared first on The Motley Fool Canada.
- CNW Group
Kids Help Phone Never Dance Alone-a-thon powered by BMO in Support of Youth in Canada
TORONTO, May 28, 2020 /CNW/ - Kids Help Phone's annual Walk so Kids Can Talk presented by BMO is back for another year, this time with a twist. The new virtual Never Dance Alone-a-thon powered by BMO will take place across Canada this Sunday, May 31st, to encourage fundraising and spread awareness about the importance of supporting young people through an especially distressing and uncertain time. Since early March, Kids Help Phone has experienced a record surge in demand from youth experiencing stress and anxiety as a result of COVID-19.
- Baystreet
Is it Time to Buy This Canadian Bank ETF?
Several top Canadian banks have released their second quarter 2020 results in late May. There was considerable ...
- The Canadian Press
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,272.03, up 123.91 points.)Air Canada (TSX:AC). Industrials. Down $1.23, or 6.96 per cent, to $16.44 on 17.4 million shares.HEXO Corp. (TSX:HEXO). Health care. Down three cents, or 3.09 per cent, to 94 cents on 12.7 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down five cents, or 0.21 per cent, to $24.28 on 11.5 million shares. The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down 5.5 cents, or 10.19 per cent, to 48.5 cents on 10.5 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 1.96 per cent, to 52 cents on 10.4 million shares.The Toronto-Dominion Bank (TSX:TD). Financials. Up $2.89, or 4.83 per cent, to $62.0 on 10.3 million shares.Companies in the news:Rogers Communications Inc. (TSX:RCI.B). Up 95 cents or 1.7 per cent to $57.50. Sales of mobile phones have been "very quiet" and likely won't pick up until customers return to stores and malls that have been temporarily closed due to the pandemic, the head of Canada's largest wireless business said Wednesday. Rogers has opened about 90 stores in each of the past three weeks, Rogers CEO Joe Natale said. He said the slower pace of phone sales has reduced costs for Rogers, which spent about $2 billion in 2019 to subsidize customer phone purchases. ATS Automation Tooling Systems Inc. (TSX:ATA). Down 69 cents, or 3.1 per cent to $21.55. ATS Automation Tooling Systems Inc. says it is focused on its costs and the preservation of liquidity as it works to deal with disruptions caused by the pandemic. The maker of automation systems says it has cut discretionary spending, deferred of some capital investments, and in some locations temporarily laid off workers and reduced hours. ATS made the comments as it reported a fourth-quarter profit of $13.1 million or 14 cents per diluted share, down from a profit of $18.2 million or 20 cents per share a year ago.Torstar Corp. (TSX:TS.B). Up 20 cents or 50 per cent to 60 cents. Shares of Torstar Corp. surged Wednesday after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen. The owner of the Toronto Star newspaper, and numerous other local media outlets, announced late Tuesday it would be taken private by NordStar Capital LP, owned by Paul Rivett and Jordan Bitove. The NordStar offer is 63 cents per share for all of Torstar's outstanding class A shares and class B non-voting shares.BMO Financial Group (TSX:BMO). Up 59 cents to $70.78. BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic. The bank said Wednesday its total provision for credit losses for the quarter was $1.11 billion, up from $176 million in the same quarter last year. However, BMO still reported a profit of $1.00 per share for the quarter ended April 30 compared with a profit of $2.26 per share a year earlier.Royal Bank of Canada (TSX:RY). Up $4.22 or 4.8 per cent to $92.25. A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit. It recorded a $2.4-billion increase in provisions for credit losses at its personal and commercial banking, capital markets and wealth management units. RBC's net profit for the three months ended April 30 declined to $1.48 billion from $3.23 billion a ago. The drop was due mainly to $2.83 billion of provisions for credit losses, up from $426 million in the same quarter last year.This report by The Canadian Press was first published May 27, 2020.The Canadian Press
- Bloomberg
BMO’s $130 Million Trading Loss Shows Pain From Notes, Hedging
(Bloomberg) -- Bank of Montreal had about C$180 million ($130 million) in trading losses on a single day in March, a sign of just how risky stocks were as the coronavirus outbreak became a global pandemic.The loss, disclosed Wednesday in a quarterly presentation, marks the company’s worst trading day in more than a decade.“On that day, there was significant volatility in the market related to both equity levels, volatility levels and relationships that exist between different reference spots in the market,” Chief Financial Officer Tom Flynn said in an interview Wednesday.Two-thirds of the trading losses on that day were tied to the firm’s equity-linked note-related business, according to Flynn. The business sells notes to investors that give them returns linked to equities. The other third of the day’s trading losses were from hedging around Bank of Montreal’s derivative book, he said.In the quarter ended April 30, Bank of Montreal’s trading revenue fell 35% to C$321 million, with its equities business showing a C$137 million loss for the three-month period. Among Canadian banks that have reported fiscal second-quarter results so far, Bank of Montreal is the only one with a decline in trading revenue for the period.The company, in its presentation Wednesday, offered an explanation: “In March, markets experienced unprecedented asset price declines, record volatility, extreme liquidity challenges and dislocations, and significant widening of corporate bond spreads. Given certain trading activities and positions, we experienced negative trading revenue during the most volatile days.”Flynn described the quarter’s trading results as “mixed” with “strong results” in fixed-income, currencies and commodities. For equities, he said, it was a “tougher quarter.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Thomson Reuters StreetEvents
Edited Transcript of BMO.TO earnings conference call or presentation 27-May-20 11:15am GMT
Q2 2020 Bank of Montreal Earnings Call
- Motley Fool
Bank of Montreal (BMO) Q2 2020 Earnings Call Transcript
Image source: The Motley Fool. Bank of Montreal (NYSE: BMO)Q2 2020 Earnings CallMay 27, 2020, 7:15 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning and welcome to the BMO Financial Group Q2 2020 Earnings Release and Conference Call for May 27th, 2020.
- The Canadian Press
BMO reports Q2 profit down from year ago as provisions for credit losses rise
TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.The bank said Wednesday its total provision for credit losses for the quarter was $1.11 billion, up from $176 million in the same quarter last year.However, BMO still reported a profit of $1.00 per share for the quarter ended April 30 compared with a profit of $2.26 per share a year earlier.BMO chief executive Darryl White said the full scope and scale of the of the pandemic remains uncertain, but the bank is well positioned to face the challenges."For the second quarter, we demonstrated the resilience of our earnings power as we earned through the impact of market volatility and prudent loan loss provisioning," White said. "As we transition to the reopening of our economies, we will sustain and adapt operations to support our customers, employees, communities and the broader economic recovery, and together emerge from this crisis even stronger."On an adjusted basis, BMO says it had a profit of $1.04 per share for the quarter compared with an adjusted profit of $2.30 per share a year ago.Analysts on average had expected an adjusted profit of $1.22 per share for the quarter, according to financial markets data firm Refinitiv.BMO said its provision for credit losses on impaired loans was $413 million, up from $150 million a year ago, while the provision for credit losses on performing loans totalled $705 million due to the weaker economic outlook.The bank said it Canadian personal and commercial banking business earned $361 million for the quarter, down from $616 million a year ago due to the higher provisions for credit losses, while higher revenue was partially offset by higher expenses.In the U.S., the bank's personal and commercial banking operations earned $339 million, compared with $406 million in same quarter a year ago.BMO's wealth management division earned $144 million, compared with $305 million a year ago, while its capital markets operations lost $74 million, compared a profit of $250 million in the same quarter last year.Results at the bank's corporate services group was relatively unchanged at a loss of $81 million, compared a loss of $80 million a year ago.This report by The Canadian Press was first published May 27, 2020.Companies in this story: (TSX:BMO)The Canadian Press
- Zacks
Bank of Montreal (BMO) Q2 Earnings and Revenues Miss Estimates
Bank of Montreal (BMO) delivered earnings and revenue surprises of -19.15% and -8.43%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
- Bloomberg
Bank of Montreal Sets Aside $813 Million for Soured Loans
(Bloomberg) -- Bank of Montreal followed other Canadian lenders in building up reserves for loan losses to brace for the aftershocks from plunging oil prices and a pandemic that’s caused a near economic standstill.Bank of Montreal, which has consumer-banking operations in Canada and the U.S., set aside a record C$1.12 billion ($813 million) in loan-loss provisions in the fiscal second quarter. The Toronto-based lender joins Bank of Nova Scotia and National Bank of Canada in posting a surge in provisions, which eroded earnings in results for Bank of Montreal that missed analysts’ estimates.Key InsightsBanks in Canada are trying to get ahead of soured loans they expect to result from the double-whammy of low oil prices sideswiping the energy industry and pandemic-spurred lockdowns that shuttered businesses, leading to record unemployment. Bank of Montreal’s provisions as a percentage of average net loans was 0.94% in the quarter, triple the portion in the first quarter and up from 0.16% a year earlier.Canadian banking is the lender’s largest division and typically accounts for most of its loan-loss provisions. The domestic retail bank posted C$361 million of profit in the quarter, down 41% from a year earlier on a surge in provisions.Chief Executive Officer Darryl White has pushed for more growth from the U.S. banking division, which includes Chicago-based BMO Harris Bank. Earnings from the U.S. personal and commercial division fell 17% to C$339 million from a year earlier.Market volatility in the early days of Covid-19 had been a boon for banks’ capital-markets divisions thanks to heavy trading, countering some of the pandemic’s pain. That volatility failed to help Bank of Montreal. The company’s BMO Capital Markets unit posted a C$74 million loss in the quarter, compared with a C$250 million profit a year earlier, as trading revenue and investment banking fees fell.Market ReactionBank of Montreal shares have fallen 30% this year through Tuesday, compared with a 20% decline for Canada’s eight-company S&P/TSX Commercial Banks Index.Get MoreSecond-quarter net income fell 54% to C$689 million, or C$1 a share, from C$1.5 billion, or C$2.26 a share, a year earlier. Adjusted per-share earnings totaled C$1.04 a share, missing the C$1.27 average estimate of 12 analysts in a Bloomberg survey.Read more about Bank of Montreal’s quarterly results here.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- CNW Group
BMO Financial Group Declares Dividends
TORONTO , May 27, 2020 /CNW/ - Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced that its Board of Directors declared a quarterly dividend of $1.06 per share on paid-up common shares of Bank of Montreal ...
- CNW Group
BMO Financial Group Reports Second Quarter 2020 Results
BMO Financial Group Reports Second Quarter 2020 Results
- The Motley Fool
$2,000 Invested in These 3 TSX Stocks Could Make You a Fortune in 10 Years
The market crashed and many stocks are still cheap. Now you can make a fortune from these TSX stocks over the next 10 years.The post $2,000 Invested in These 3 TSX Stocks Could Make You a Fortune in 10 Years appeared first on The Motley Fool Canada.
- The Motley Fool
ALERT: Canadian Banks Earnings Loom: Buy the Dip or Jump Ship?
Should you be a buyer of Royal Bank of Canada (TSX:RY)(NYSE:RY) and the Big Six Canadian banks headed into a brutal second quarter?The post ALERT: Canadian Banks Earnings Loom: Buy the Dip or Jump Ship? appeared first on The Motley Fool Canada.
- The Motley Fool
Top TSX Financial Stocks for June 2020
We asked our writers for their top stock picks from the financial sector. Some of the picks include Toronto-Dominion Bank (TSX:TD)(NYSE:TD), goeasy Ltd (TSX:GSY), and TMX Group Ltd (TSX:X). The post Top TSX Financial Stocks for June 2020 appeared first on The Motley Fool Canada.
- The Motley Fool
Market Crash 2020: 2 Stocks That Are Still Dividend Aristocrats
With the COVID-19 pandemic causing Canadian Dividend Aristocrats to lose their streaks, the National Bank of Canada and Bank of Montreal still maintain theirs.The post Market Crash 2020: 2 Stocks That Are Still Dividend Aristocrats appeared first on The Motley Fool Canada.
- CNW Group
BMO Creates Dedicated Online Resource Hubs for Canadians
BMO Creates Dedicated Online Resource Hubs for Canadians
