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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Bank of Montreal    BMO   CA0636711016

BANK OF MONTREAL

(BMO)
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Bank of Montreal : 4Q Profit Falls, Beats Adjusted Expectation

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12/03/2019 | 06:37am EST

By Patrick Thomas

Bank of Montreal's (BMO) fourth-quarter profit fell about 30% from a year earlier due to a restructuring charge.

The Canadian bank reported net income of 1.19 billion Canadian Dollars ($890 million), or C$1.78 a share, down from C$1.7 billion, or C$2.58 a share, a year ago.

The bank's earnings included a C$357 million after-tax restructuring charge related to severance payments and real estate-related costs.

On an adjusted basis, the bank reported earnings of C$2.43 a share. Analysts surveyed by FactSet were expecting earnings of C$2.38 a share, or C$2.41 a share on an adjusted basis.

Net interest income rose to C$3.36 billion from $3.02 billion a year ago while noninterest revenue was C$2.72 billion, down from C$2.88 billion a year earlier.

Revenue at Bank of Montreal rose to C$6.09 billion from C$5.89 billion a year ago. Excluding certain items, revenue rose about 5% to C$5.75 billion. Analysts were expecting C$5.97 billion, according to FactSet.

Write to Patrick Thomas at patrick.thomas@wsj.com

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Financials (CAD)
Sales 2020 23 762 M
EBIT 2020 9 371 M
Net income 2020 6 177 M
Debt 2020 -
Yield 2020 4,30%
P/E ratio 2020 10,3x
P/E ratio 2021 9,85x
Capi. / Sales2020 2,69x
Capi. / Sales2021 2,58x
Capitalization 63 898 M
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Technical analysis trends BANK OF MONTREAL
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 103,87  CAD
Last Close Price 99,96  CAD
Spread / Highest target 10,0%
Spread / Average Target 3,91%
Spread / Lowest Target -5,96%
EPS Revisions
Managers
NameTitle
Darryl White Chief Executive Officer & Director
J. Robert S. Prichard Chairman
Steven Tennyson Chief Operations Officer & CTO
Thomas E. Flynn Chief Financial Officer
George Alexander Cope Independent Director
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