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    BMO   CA0636711016

BANK OF MONTREAL

(BMO)
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Delayed Toronto Stock Exchange  -  04:00 2022-08-11 pm EDT
130.32 CAD   +0.84%
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Statistics Canada to report May inflation figures today, expected to rise

06/22/2022 | 04:04am EDT

OTTAWAStatistics Canada will release its latest reading on inflation this morning and expectations are for it to climb even higher.

The agency is to report its consumer price index for May.

The annual inflation rate hit 6.8 per cent in April, its highest level since January 1991 when it reached 6.9 per cent.

However, economists at the Bank of Montreal are predicting the May figure will top seven per cent amid a surge in energy prices.

The big bank's forecast calls for a year-over-year gain in the consumer price index of 7.4 per cent in May.

It says if the forecast is correct it would make it the fastest pace since February 1983.

This report by The Canadian Press was first published June 22, 2022.

© 2022 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2022 28 353 M 22 229 M 22 229 M
Net income 2022 10 226 M 8 017 M 8 017 M
Net Debt 2022 - - -
P/E ratio 2022 7,50x
Yield 2022 4,20%
Capitalization 87 502 M 68 604 M 68 604 M
Capi. / Sales 2022 3,09x
Capi. / Sales 2023 2,77x
Nbr of Employees 43 863
Free-Float 100,0%
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Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 130,32 CAD
Average target price 151,86 CAD
Spread / Average Target 16,5%
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Managers and Directors
Darryl White Chief Executive Officer & Director
Tayfun Tuzun Chief Financial Officer
George Alexander Cope Chairman
Steven Tennyson Co-COO & Chief Technology Officer
Cameron Fowler Co-COO & Chief Strategy Officer
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