Bank of Montreal (BMO) Receiving Somewhat Favorable Media Coverage, InfoTrie Reports

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Media coverage about Bank of Montreal (NYSE:BMO) (TSE:BMO) has been trending somewhat positive recently, InfoTrie reports. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Bank of Montreal earned a news sentiment score of 1.54 on their scale. InfoTrie also assigned press coverage about the bank an news buzz score of 5 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the near term.

Here are some of the news headlines that may have effected Bank of Montreal’s analysis:

NYSE:BMO traded down $0.74 during trading hours on Friday, reaching $74.83. 520,968 shares of the stock were exchanged, compared to its average volume of 895,950. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. Bank of Montreal has a 52 week low of $73.79 and a 52 week high of $84.71. The company has a market cap of $48.49 billion, a PE ratio of 11.99, a P/E/G ratio of 1.24 and a beta of 1.10.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings results on Tuesday, August 28th. The bank reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.07. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. Bank of Montreal had a return on equity of 14.75% and a net margin of 16.17%. As a group, sell-side analysts expect that Bank of Montreal will post 6.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Thursday, November 1st will be issued a $0.7386 dividend. This represents a $2.95 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Wednesday, October 31st. Bank of Montreal’s dividend payout ratio (DPR) is 46.79%.

A number of research analysts have commented on the company. Canaccord Genuity raised Bank of Montreal from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Zacks Investment Research downgraded Bank of Montreal from a “hold” rating to a “sell” rating in a report on Friday. BMO Capital Markets raised Bank of Montreal to a “$78.97” rating in a report on Wednesday, July 18th. Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and set a $120.00 target price on the stock in a report on Wednesday, July 18th. Finally, ValuEngine downgraded Bank of Montreal from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $106.50.

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About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.

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