BMO Stock Recent News

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bank Of Montreal (“BoM” or “the Company”) (NYSE: BMO). Investors who purchased BoM securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BMO.

NEW YORK CITY, NY / ACCESSWIRE / August 28, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bank Of Montreal ("BoM" or "the Company") (NYSE:BMO). Investors who purchased BoM securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BMO.

NEW YORK, NY / ACCESSWIRE / August 28, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Bank of Montreal ("BoM" or the "Company") (NYSE:BMO). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.

A surge in provisions and a fall in NII hurt BMO's fiscal Q3 earnings. But a rise in loans, decline in expenses and higher loan balance offer some support.

Canada's Bank of Montreal (BMO) missed estimates for its third-quarter results Tuesday, as profits declined across a number of the bank's divisions and it nearly doubled provisions for credit losses (PCL) compared to last year.

Bank of Montreal (BMO) came out with quarterly earnings of $1.93 per share, missing the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $2.08 per share a year ago.

Canada's Bank of Montreal (BMO) reported quarterly profit below analysts' estimates on Tuesday, its sixth miss in a row, hurt by weakness in its U.S. retail segment and as the lender made bigger than expected provisions for potential bad loans.

TORONTO , Aug. 27, 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 fourth quarter of fiscal year 2024 ("Q4 2024 Dividend"), unchanged from the prior quarter. The Board of Directors also declared dividends of: $0.240688 per share on paid-up Class B Preferred Shares Series 31; $0.190875 per share on paid-up Class B Preferred Shares Series 33; $0.426 per share on paid-up Class B Preferred Shares Series 44; $36.865 per share on paid-up Class B Preferred Shares Series 50(1); and $35.285 per share on paid-up Class B Preferred Shares Series 52(1).

BMO's Third Quarter 2024 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended July 31, 2024 are available online at www.bmo.com/investorrelations  and at www.sedarplus.ca . Financial Results Highlights Third Quarter 2024 compared with Third Quarter 2023: Net income of $1,865 million, compared with $1,565 million; adjusted net income1, 2 of $1,981 million, compared with $2,148 million Reported earnings per share (EPS)3 of $2.48, compared with $2.12; adjusted EPS1, 2, 3 of $2.64, compared with $2.94 Provision for credit losses (PCL) of $906 million, compared with $492 million Return on equity (ROE) of 10.0%, compared with 9.0%; adjusted ROE1, 2 of 10.6%, compared with 12.5% Common Equity Tier 1 (CET1) Ratio4 of 13.0%, compared with 12.3% Year-to-Date 2024 compared with Year-to-Date 2023: Net income of $5,023 million, compared with $2,727 million; adjusted net income1, 2 of $5,907 million, compared with $6,492 million Reported E

Bank of Montreal is scheduled to release its Q3 earnings on August 27th, 2024. Canada's Real GDP has been very close to a technical recession, although it has not happened yet. The steepening yield curve offers a bright spot for the Bank of Montreal amidst uncertainties in Canada's economic climate.