Bank of Montreal (USA) (BMO) Releases Earnings Results, Beats Expectations By $0.11 EPS

Bank of Montreal (USA) (BMO) reported quarterly earnings results on Tuesday, Aug-23-2016. The company said it had a profit of $1.94 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $1.83. The company posted revenue of $5633.00 million in the period, compared to analysts expectations of $5072.88 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS.

Many Wall Street Analysts have commented on Bank of Montreal (USA). Bank of Montreal (USA) was Downgraded by TD Securities to ” Hold” on May 26, 2016.

Bank of Montreal (USA) closed down -0.24 points or -0.37% at $65.33 with 3,74,620 shares getting traded on Friday. Post opening the session at $65.05, the shares hit an intraday low of $64.59 and an intraday high of $65.42 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Bank of Montreal (BMO) is a financial services company. The Bank provides a range of retail banking wealth management and investment banking products and services. It conducts its business through three operating groups: Personal and Commercial Banking Wealth Management and BMO Capital Markets. The Bank operates primarily in Canada and the United States. It also has operations in the United Kingdom Europe the Caribbean and Asia. It also serves customers through its wealth management businesses: BMO Nesbitt Burns BMO InvestorLine BMO Private Banking BMO Global Asset Management and BMO Insurance. BMO Capital Markets its investment and corporate banking and trading products division provides a suite of financial products and services to North American and international clients. In the United States BMO serves customers through BMO Harris Bank based in the United States Midwest with more than two million retail small business and commercial customers.

Bank of Montreal (USA)

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