Bank of Montreal
BMO
Market Cap$2.13B
Close$
Earnings Call Q3 2024
August 27, 2024 - AI Summary
BMO reported record pre-provision pre-tax earnings of $3.5 billion, up 8% YoY, driven by revenue growth in Canadian Personal and Commercial Banking, stronger client activity in market-sensitive businesses, and cost synergy and efficiency programs.
The bank met its commitment to positive operating leverage with a 5.2% increase this quarter and expects to deliver positive operating leverage for the full year.
Credit costs have been higher than expected due to prolonged high interest rates, economic uncertainty, and changing consumer preferences. However, BMO remains confident in its risk management capabilities and expects credit provisions to return to normalized levels in 2025.
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$55.59
43.9% downside
Current Fair Value
43.9% downsideOvervalued by 43.9% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $2.13 Billion |
|---|---|
| Enterprise Value | $196.67 Billion |
| Dividend Yield | $4.45294 (4.65737169979235%) |
| Earnings per Share | $9.53 |
| Beta | 1.06 |
| Outstanding Shares | 727,738,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 12.05 |
|---|---|
| PEG | 18.42 |
| Price to Sales | 1.6 |
| Price to Book Ratio | 0.83 |
| Enterprise Value to Revenue | 4.35 |
| Enterprise Value to EBIT | 246.76 |
| Enterprise Value to Net Income | 24 |
| Total Debt to Enterprise | 1.39 |
| Debt to Equity | 3.13 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Bank of Montreal
30,727 employees
CEO: Darryl White at bmo, banking is our personal commitment to helping people at every stage of their financial lives. the truth is, people’s needs change: so we change too. but we never change who we are. which means we’ll never waiver from providing ou...