Bank of Montreal Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Bank of Montreal (TSE:BMO) Full Year 2024 Results

Key Financial Results

• Revenue: CA$29.0b (flat on FY 2023).
• Net income: CA$7.08b (up 76% from FY 2023).
• Profit margin: 24% (up from 14% in FY 2023).
• EPS: CA$9.08 (up from CA$5.69 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bank of Montreal Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 2.5%.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Banks industry in Canada.

Performance of the Canadian Banks industry.

The company's shares are up 4.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Bank of Montreal's balance sheet and an in-depth analysis of the company's financial position.

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