Bank of Montreal (USA) (BMO) is Downgraded by Credit Suisse to Underperform

Bank of Montreal (USA) (BMO) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Oct 4, 2016.

Many Wall Street Analysts have commented on Bank of Montreal (USA). Company shares were Reiterated by RBC Capital Mkts on Aug 24, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $84 .

On the company’s financial health, Bank of Montreal (USA) reported $1.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 23, 2016. Analyst had a consensus of $1.83. The company had revenue of $5633.00 million for the quarter, 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.

Bank of Montreal (USA) opened for trading at $65.54 and hit $65.97 on the upside on Friday, eventually ending the session at $65.57, with a gain of 0.34% or 0.22 points. The heightened volatility saw the trading volume jump to 4,07,043 shares. Company has a market cap of $42,293 M.

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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