Bank of Montreal 株価情報 (NYSE: BMO)

最新ニュース Bank of Montreal (NYSE:BMO) 株価情報

Bank of Montreal

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, US P&C banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the US.

Bank of Montreal FXDFR PRF PERPETUAL CAD 25 - Ser 46 Cls B NVCC

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RBC Capital analyst Darko Mihelic upgrades Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) from Sector Perform to Outperform and raises the price target from $133 to $161.

News

Upgrades

Price Target

Analyst Ratings

RBC Capital Upgrades Bank of Montreal to Outperform, Raises Price Target to $161

Canadian Prime Minister Justin Trudeau, who has been in power for nearly 10 years, announced his resignation Monday.
Trudeau said he will step down after the Liberal Party selects its new leader and said the Parliament will be suspended until March 24.
"I care deeply about this country and I will always be motivated by what is in the best interests of Canadians. And the fact is, despite best efforts to work through it, Parliament has been paralyzed for months after what has been the longest session of a minority Parliament in Canadian history," he said. 
<h2 class="wp-block-heading">Canada Stocks To Watch With Trump Tariff Threats, Trudeau Exit On Horizon </h2>
U.S.-traded stocks of major Canadian companies, particularly in the financial and energy sectors, could experience volatility due to this political upheaval. Mexico, Canada and China — the three countries U.S. President-elect Donald Trump has targeted for tariffs — are the U.S.'s top three trading partners.
Canadian banking institutions traded in the U.S. include the : Royal Bank of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>), Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>), Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) and the Canadian Imperial Bank of Commerce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>).
Energy companies could also be affected by the political upheaval in Canada: they include e Enbridge Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>), TC Pipelines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>), Suncor Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>) and Canadian Natural Resources Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>).
In the tech sector, Ottawa-based Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) is trading up 3.7%.
Trudeau's announcement comes shortly after the resignation of Finance Minister Chrystia Freeland, who <a href="https://www.benzinga.com/news/global/24/12/42520833/trudeaus-government-loses-a-top-negotiator-ahead-of-trumps-second-term">stepped down</a> in mid-December due to disagreements with Trudeau&#8217;s spending proposals. Freeland, who also served as deputy prime minister, left the cabinet because she believed Trudeau was not taking adequate measures to prepare for a <a href="https://www.benzinga.com/news/global/24/12/42475000/if-trump-starts-a-trade-war-canada-could-impose-export-taxes-on-oil-uranium-report">potential trade war</a> with Washington.
Canadian ETFs likely to be affected by this political firestorm, according to <a href="https://www.benzinga.com/money/etf-canada">Benzinga Pro</a>, include <a href="https://www.benzinga.com/quote/BBCA" target="_blank" rel="noreferrer noopener">JPMorgan BetaBuilders Canada ETF</a> (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BBCA#BATS">BBCA</a>) which is trading up 0.9%; the iShares MSCI Canada ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>), up 0.79%; SPDR Solactive Canada ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZCAN#NYSE">ZCAN</a>), up 0.88%; and Invesco CurrencyShares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXC#NYSE">FXC</a>), up 0.59%. The <a href="https://www.benzinga.com/quote/FLCA" target="_blank" rel="noreferrer noopener">Franklin FTSE Canada ETF</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLCA#NYSE">FLCA</a>) is trading 0.95% higher midday Monday.
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Justin Trudeau Will Step Down As Canada Faces Tension Over Trump Tariffs

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BMO shares are trading higher after RBC Capital raised its price target on the stock from $106 to $133.

RBC Capital analyst Darko Mihelic reiterates Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) with a Sector Perform and raises the price target from $106 to $133.

Reiteration

RBC Capital Reiterates Sector Perform on Bank of Montreal, Raises Price Target to $133

General

BMO shares are trading lower after the company reported worse-than-expected Q4 EPS results.

Bank of Montreal (the Bank) intends to file a notice of intention with the TSX in this regard and, subject to regulatory approvals, the bid would commence following TSX acceptance of the notice and continue for up to one year. The common shares that may be repurchased represent approximately 2.7% per cent of the 'public float' (as such term is defined in the TSX Company Manual) of common shares as of November 30, 2024. The timing and amount of any purchases under the program are subject to regulatory approvals and to management discretion based on factors such as market conditions.

Buybacks

BMO Plans Share Buyback Program, Targeting 20M Shares Over One Year

Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) reported quarterly earnings of $1.39 per share which missed the analyst consensus estimate of $1.73 by 19.65 percent. This is a 33.65 percent decrease over earnings of $2.10 per share from the same period last year. The company reported quarterly sales of $6.56 billion which beat the analyst consensus estimate of $5.98 billion by 9.70 percent. This is a 5.26 percent increase over sales of $6.23 billion the same period last year.

Earnings

Bank of Montreal Q4 EPS $1.39 Misses $1.73 Estimate, Sales $6.56B Beat $5.98B Estimate

<h3>Companies Reporting Before The Bell</h3>
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) is likely to report quarterly earnings at $0.70 per share on revenue of $420.00 million. 
• America's Car-Mart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) is projected to report quarterly loss at $0.10 per share on revenue of $344.37 million. 
• Science Applications Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) is expected to report quarterly earnings at $2.16 per share on revenue of $1.93 billion. 
• Patterson Cos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.65 billion. 
• Methode Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MEI#NYSE">MEI</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $268.46 million. 
• Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $1.37 billion. 
• Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) is estimated to report quarterly earnings at $0.94 per share on revenue of $10.14 billion. 
• Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) is projected to report quarterly earnings at $1.21 per share on revenue of $675.35 million. 
• Movado Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) is likely to report quarterly earnings at $0.00 per share on revenue of $187.70 million. 
• Lands' End (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LE#NASDAQ">LE</a>) is likely to report quarterly earnings at $0.03 per share on revenue of $315.21 million. 
• Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $101.35 million. 
• Toronto-Dominion Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $10.26 billion. 
• GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) is projected to report quarterly earnings at $2.19 per share on revenue of $1.46 billion. 
• Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) is expected to report quarterly loss at $0.12 per share on revenue of $1.71 billion. 
• Duluth Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTH#NASDAQ">DLTH</a>) is expected to report quarterly loss at $0.32 per share on revenue of $134.93 million. 
• Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $34.20 billion. 
• Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) is likely to report quarterly earnings at $1.26 per share on revenue of $4.67 billion. 
• Caleres (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAL#NYSE">CAL</a>) is estimated to report quarterly earnings at $1.36 per share on revenue of $751.36 million. 
• Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) is likely to report quarterly earnings at $1.73 per share on revenue of $5.98 billion. 
• Brown Forman Inc Class B Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is likely to report quarterly earnings at $0.49 per share on revenue of $1.07 billion. 
• John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLYB#NYSE">WLYB</a>) is expected to report earnings for its second quarter. 
• Build-A-Bear Workshop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $113.40 million. 
• Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is likely to report earnings for its third quarter. 
• Brown Forman Inc Class A Common Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) is projected to report earnings for its second quarter. 
<h3>Companies Reporting After The Bell</h3>
• Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $253.96 million. 
• Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) is likely to report quarterly loss at $0.62 per share on revenue of $1.29 billion. 
• UiPath (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) is likely to report quarterly earnings at $0.07 per share on revenue of $347.72 million. 
• Smith &amp; Wesson Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $133.52 million. 
• Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) is expected to report quarterly loss at $0.07 per share on revenue of $180.66 million. 
• Zumiez (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $222.04 million. 
• Domo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOMO#NASDAQ">DOMO</a>) is estimated to report quarterly loss at $0.15 per share on revenue of $77.55 million. 
• Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $44.30 million. 
• Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $225.60 million. 
• Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) is expected to report quarterly earnings at $2.72 per share on revenue of $2.36 billion. 
• Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) is likely to report quarterly earnings at $1.58 per share on revenue of $684.34 million. 
• Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $283.87 million. 
• GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $188.25 million. 
• HashiCorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) is likely to report quarterly earnings at $0.05 per share on revenue of $163.39 million. 
• Tilly's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLYS#NYSE">TLYS</a>) is likely to report quarterly loss at $0.32 per share on revenue of $140.84 million. 
• Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) is projected to report quarterly earnings at $4.52 per share on revenue of $2.50 billion. 
• Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) is likely to report quarterly loss at $0.40 per share on revenue of $217.53 million. 
• Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) is projected to report quarterly loss at $0.03 per share on revenue of $1.50 billion. 
• Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $310.56 million. 
• DocuSign (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $745.26 million. 
• American Outdoor Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $53.23 million. 
• Hewlett Packard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $8.26 billion. 
• Cooper Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) is likely to report quarterly earnings at $1.00 per share on revenue of $1.03 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For December 5, 2024

Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) is set to give its latest quarterly earnings report on Thursday, 2024-12-05. Here's what investors need to know before the announcement.
Analysts estimate that Bank of Montreal will report an earnings per share (EPS) of $1.73. 
Investors in Bank of Montreal are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
During the last quarter, the company reported an EPS missed by $0.11, leading to a 1.7% drop in the share price on the subsequent day.
Here's a look at Bank of Montreal's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.04</td>
<td>2.02</td>
<td>2.23</td>
<td>2.100</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.93</td>
<td>1.91</td>
<td>1.88</td>
<td>2.095</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>1.0%</td>
<td>-1.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733320839_0.png" alt="eps graph" />
<h3>Tracking Bank of Montreal's Stock Performance</h3>
Shares of Bank of Montreal were trading at $95.29 as of December 02. Over the last 52-week period, shares are up 10.71%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/BMO/earnings">To track all earnings releases for Bank of Montreal visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Bank of Montreal

Reported Earlier, BMO Secures C$875M After Court Overturns Petters Ponzi Scheme Judgment

Shares of Bank of Montreal (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bmo#NYSE">BMO</a>) declined 6.2% on the NYSE in response to weak third-quarter fiscal 2024 (ended July 31) results. Adjusted earnings per share of C$2.64 declined 10.2% year over year.
A significant jump in provision for credit losses and lower net interest income (NII) primarily hurt the results. However, an increase in non-interest income, higher loans and deposit balance and lower expenses acted as a tailwind.
After considering non-recurring items, net income was C$1.87 billion ($1.37 billion), which grew 19.2% from the year-ago quarter.
<h2>BMO&#39;s Revenues Rise, Expenses Dip</h2>
Total revenues (on an adjusted basis), net of insurance claims, commissions and changes in policy benefit liabilities (CCPB), were C$8.21 billion ($5.99 billion), up marginally year over year.
NII declined 2% year over year to C$4.81 billion ($3.51 billion). On the other hand, non-interest income came in at C$3.4 billion ($2.48 billion), up 3.4%.
Adjusted non-interest expenses decreased 5% to C$4.7 billion ($3.43 billion).
The adjusted efficiency ratio (net of CCPB) was 57.3%, down from 60.3% as of July 31, 2023.
Provision for credit losses (adjusted) was C$906 million ($515.5 million) in the reported quarter, surging 84.1% from the year-ago quarter.
<h2>Loans &amp; Deposits Rise for Bank of Montreal</h2>
As of July 31, 2024, total assets were C$1.4 trillion ($1 trillion), up 1.9% from the prior quarter end.
Bank of Montreal&#39;s total net loans grew 2.5% sequentially to C$673.2 billion ($486.9 billion). Total deposits increased 3% to C$965.2 billion ($698.1 billion).
<h2>BMO&#39;s Profitability Ratios Decline, Capital Ratios Improve</h2>
Bank of Montreal&#39;s return on common equity (as adjusted) was 10.6% in the fiscal third quarter compared with 12.5% on July 31, 2023. Adjusted return on tangible common equity was 14.2% compared with 17.1% in the year-ago quarter.
As of July 31, 2024, the Common Equity Tier-I ratio was 13%, up from 12.3% a year ago. The Tier-I capital ratio was 14.8% compared with the previous year&#39;s 14%.
<h2>Our Take on BMO</h2>
Bank of Montreal&#39;s focus and efforts align with its organic and business restructuring strategies and are anticipated to support revenues in the upcoming period. However, elevated expenses and an uncertain macroeconomic backdrop are headwinds.
<div class="chart_embed">
<h3>Bank Of Montreal Price, Consensus and EPS Surprise</h3>
<img alt="Bank Of Montreal Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/59/1724849830.png" style="height:265px; width:584px" title="" />
Bank Of Montreal price-consensus-eps-surprise-chart | Bank Of Montreal Quote
Currently, BMO carries a Zacks Rank #4 (Sell).
</div>
<h2>Performance &amp; Earnings Date Other Canadian Banks</h2>
Toronto-Dominion Bank (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/td#NYSE">TD</a>) incurred a loss on a GAAP basis in the third quarter of fiscal 2024 (ended July 31). The quarterly loss was primarily due to provisions for the penalties related to investigations concerning its anti-money laundering practices by the U.S. regulators.
Net loss (GAAP basis) was C$181 million ($132.2 million) against net income of $2.88 billion in the prior-year quarter.
Huge increases in provisions for credit losses and higher expenses acted as undermining factors. On the other hand, growth in NII and non-interest income and higher loan balance offered much-needed support to TD&#39;s quarterly performance.
Canadian Imperial Bank of Commerce (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cm#NYSE">CM</a>) is slated to announce quarterly numbers on Aug. 29.
Over the past seven days, the Zacks Consensus Estimate for CM&#39;s quarterly earnings has been revised marginally lower.
<a href="https://www.zacks.com/stock/news/2328317/bank-of-montreal-stock-tanks-6-2-as-high-provisions-hurt-q3-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_article-2328317">To read this article on Zacks.com click here.</a>

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Trading Ideas

Bank of Montreal Stock Tanks 6.2% as High Provisions Hurt Q3 Earnings

TD Securities analyst Mario Mendonca downgrades Bank of Montreal (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BMO#TSX">BMO</a>) from Buy to Hold and lowers the price target from C$130 to C$114.

Downgrades

TSX:BMO

TD Securities Downgrades Bank of Montreal to Hold, Lowers Price Target to C$114

Barclays analyst Brian Morton maintains Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) with a Overweight and lowers the price target from C$132 to C$126.

Barclays Maintains Overweight on Bank of Montreal, Lowers Price Target to C$126

Scotiabank analyst Meny Grauman downgrades Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) from Sector Outperform to Sector Perform and lowers the price target from C$123 to C$112.

Scotiabank Downgrades Bank of Montreal to Sector Perform, Lowers Price Target to C$112

RBC Capital analyst Darko Mihelic maintains Bank of Montreal (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BMO#TSX">BMO</a>) with a Sector Perform and lowers the price target from C$118 to C$106.

RBC Capital Maintains Sector Perform on Bank of Montreal, Lowers Price Target to C$106

B of A Securities analyst Ebrahim Poonawala downgrades Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) from Buy to Neutral and lowers the price target from $134 to $117.

B of A Securities Downgrades Bank of Montreal to Neutral, Lowers Price Target to $117

Financial giants have made a conspicuous bullish move on Bank of Montreal. Our analysis of options history for Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $199,002, and 4 were calls, valued at $159,180.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $90.0 for Bank of Montreal, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Bank of Montreal options trades today is 524.83 with a total volume of 1,929.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Bank of Montreal's big money trades within a strike price range of $70.0 to $90.0 over the last 30 days.
<h3>Bank of Montreal Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724779861_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BMO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.5</td>
<td>$2.25</td>
<td>$2.5</td>
<td>$85.00</td>
<td>$100.0K</td>
<td>434</td>
<td>400</td>
</tr>
<tr>
<td>BMO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.5</td>
<td>$6.3</td>
<td>$6.44</td>
<td>$80.00</td>
<td>$61.1K</td>
<td>49</td>
<td>95</td>
</tr>
<tr>
<td>BMO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.0</td>
<td>$1.9</td>
<td>$1.9</td>
<td>$85.00</td>
<td>$47.5K</td>
<td>1.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>BMO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$14.9</td>
<td>$14.6</td>
<td>$14.7</td>
<td>$70.00</td>
<td>$36.7K</td>
<td>108</td>
<td>35</td>
</tr>
<tr>
<td>BMO</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$3.3</td>
<td>$3.1</td>
<td>$3.2</td>
<td>$85.00</td>
<td>$32.0K</td>
<td>468</td>
<td>117</td>
</tr>
</tbody>
</table>

<h3>About Bank of Montreal</h3>
Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, US P&amp;C banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the U.S.
<h3>Bank of Montreal's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,697,534, with BMO's price down by -6.83%, positioned at $82.71.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 0 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Bank of Montreal with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

A Closer Look at Bank of Montreal's Options Market Dynamics

Bank of Montreal shares are trading lower after the company reported worse-than-expected Q3 financial results.

Bank of Montreal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMO#NYSE">BMO</a>) reported quarterly earnings of $1.93 per share which missed the analyst consensus estimate of $2.77 by 30.32 percent. The company reported quarterly sales of $5.98 billion which missed the analyst consensus estimate of $8.21 billion by 27.17 percent. This is a 1.31 percent increase over sales of $5.90 billion the same period last year.

Earnings Misses

Bank of Montreal Q3 2024 Adj EPS $1.93 Misses $2.04 Estimate, Sales $5.98B Miss $6.05B Estimate

CADE

CVBF

EWBC

FCNCA

FMAO

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HBAN

IBTX

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PPBI

TCBI

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WTFC

Shares of banking companies are trading lower amid overall market weakness on US economic concerns.

The stock of United Parcel Service ($UPS) has been upgraded by BMO Capital Markets ($BMO), which sees the struggling company's share price reversin...

The Stock of United Parcel Service (UPS) Catches an Upgrade from BMO Capital Markets

The latest announcement is out from Bank Of Montreal ( ($TSE:BMO) ). Bank of Montreal has announced the approval and publication of a second supple...

Bank of Montreal Publishes Second Supplement for Note Issuance Programme

UBS raised the firm's price target on Bank of Montreal (BMO) to C$150 from C$139 and keeps a Neutral rating on the shares. Published first on TheFl...

Bank of Montreal price target raised to C$150 from C$139 at UBS

Canadian Banks Are Seeing Increased Risks

Bank Of Montreal ( ($TSE:BMO) ) has issued an announcement. Bank of Montreal has announced the approval and publication of a Second Supplementary P...

Bank of Montreal Releases Second Supplementary Prospectus for $50 Billion Bond Program

The Outlook For Canadian Banks In 2025

2025 Analyst Outlook: Chris Lau On Tariffs, Global Worries, EVs, And An AI Bubble

RBC Capital analyst Darko Mihelic upgraded Bank of Montreal (BMO) to Outperform from Sector Perform with a C$161 price target up from C$133 prior. ...

Bank of Montreal upgraded to Outperform from Sector Perform at RBC Capital

Bank Of Montreal ( ($TSE:BMO) ) just unveiled an announcement. Bank of Montreal Europe plc has announced its role as the Stabilising Manager for th...

Bank of Montreal Europe to Manage $300M Securities Stabilisation

Bank of Montreal, Canadian Imperial Bank upgraded to Outperform at RBC

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Press Releases

BMO's Wrap the Good Returns to Support Barrier-Breaking Businesses Across North America

Fintech

BMO Ranks First in J.D. Power 2024 Canada Wealth Management Digital Experience Study

BMO Financial Group Reports Fourth Quarter and Fiscal 2024 Results

Dividends

BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 5 per cent from the prior year

BMO Financial Group Announces Intention to Repurchase Up to 20 Million of its Common Shares

BMO Decreases CDN$ Prime Lending Rate to 5.45 Per Cent

BMO Survey: One-Third of Canadians Expect to Curtail their Spending in 2025

BMO Announces Cash Distributions for Certain BMO Exchange Traded Funds and ETF Series of BMO Mutual Funds for December 2024

BMO Announces Annual Reinvested Distributions for BMO Exchange Traded Funds and ETF Series of BMO Mutual Funds

Media Advisory - BMO CEO Darryl White to Speak at RBC Capital Markets Canadian Bank CEO Conference

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