- Adjusted EPS: C$2.59, missing the estimate of C$2.77.
- Basel III Common Equity Tier 1 Ratio: 13.1%, better than the estimate of 12.9%.
- Adjusted Return on Equity (ROE): 10.9%, below the estimate of 11.5%.
- Return on Equity: 9.9%.
- Net Income: C$1.87 billion.
- Canadian Personal and Commercial Net Income: C$872 million.
- US Personal and Commercial Net Income: C$543 million.
- Wealth Management Net Income: C$320 million.
- Capital Markets Net Income: C$459 million.
- Provision for Credit Losses: C$705 million, higher than the estimate of C$585.3 million.
- Non-Interest Expenses: C$4.84 billion, above the estimate of C$4.76 billion.
- CEO Statement: Darryl White emphasized strong growth in pre-provision, pre-tax earnings, and positive operating leverage.
- Balance Sheet Highlights: CET1 ratio above 13%, robust customer deposit growth, and appropriate provisioning for the current credit environment.
- Analyst Ratings: 14 buys, 1 hold, 2 sells.
A look at Bank Of Montreal Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank of Montreal, known as BMO Financial Group, a Canadian chartered bank with a global presence, presents a promising long-term outlook based on its Smartkarma Smart Scores. With strong ratings in value and dividend factors, scoring 4 out of 5 for each, the bank demonstrates solid fundamentals and commitment to rewarding its investors. Additionally, a momentum score of 4 indicates positive market sentiment and potential for future growth. However, the lower resilience score of 2 suggests some vulnerability to economic fluctuations, while the growth score of 3 highlights room for improvement in expanding its operations. Overall, Bank of Montreal’s balanced scores show a foundation for sustained performance in the financial sector.
Bank of Montreal, operating as BMO Financial Group, is a leading Canadian bank offering a wide range of financial services globally. With a focus on commercial, corporate, governmental, international, and personal banking, alongside trust services, the bank caters to diverse client needs. Moreover, its comprehensive offerings in brokerage, underwriting, investment, and advisory services reflect a commitment to providing holistic financial solutions. By maintaining solid scores in key areas such as value, dividend, and momentum, Bank of Montreal positions itself as a stable player in the market with potential for continued growth and value creation for its stakeholders.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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