Bank of Montreal Past Earnings Performance

Past criteria checks 2/6

Bank of Montreal has been growing earnings at an average annual rate of 8.7%, while the Banks industry saw earnings growing at 9.5% annually. Revenues have been growing at an average rate of 7% per year. Bank of Montreal's return on equity is 7.2%, and it has net margins of 16.6%.

Key information

8.7%

Earnings growth rate

7.1%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	7.0%
Return on equity	7.2%
Net Margin	16.6%
Next Earnings Update	29 May 2024

Recent past performance updates

Recent updates

Bank Of Montreal Q1: Higher Provision For Credit Losses And Rate Uncertainty Could Limit Growth

Feb 28

Bank of Montreal: Overvalued But Nice 4.5% Dividend Yield And Growth From Recent Takeover

Aug 02

Bank of Montreal: Non-Interest Income Headwinds Remain

May 28

Bank of Montreal implements fourth wage increase in two years

Feb 06

Bank of Montreal announces C$650M institutional NVCC preferred stock offering

Jan 24

Bank of Montreal gets regulatory approval to acquire Bank of the West

Jan 18

Bank of Montreal, Extend add new payments functionality to BMO corporate cards

Dec 07

Bank of Montreal raises $750M through subordinated note issue

Oct 21

Bank Of Montreal: Not A Bad Time To Accumulate Shares

Sep 24

BMO Capital Markets reportedly cuts staff in wake of weakness in division

Sep 15

Revenue & Expenses Breakdown
Beta

How Bank of Montreal makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:BMO Revenue, expenses and earnings (CAD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Jan 24	31,184	5,189	19,121
31 Oct 23	29,021	4,034	18,723
31 Jul 23	30,064	6,841	17,473
30 Apr 23	28,583	6,748	16,035
31 Jan 23	30,423	10,523	14,508
31 Oct 22	33,381	13,306	14,013
31 Jul 22	29,722	11,000	13,537
30 Apr 22	31,374	11,896	13,335
31 Jan 22	28,080	8,427	13,249
31 Oct 21	27,059	7,510	12,986
31 Jul 21	25,944	6,942	12,712
30 Apr 21	25,079	5,887	12,489
31 Jan 21	22,654	5,289	12,305
31 Oct 20	22,233	4,850	12,334
31 Jul 20	22,513	4,460	12,741
30 Apr 20	22,130	4,799	12,778
31 Jan 20	24,629	5,611	12,880
31 Oct 19	24,611	5,547	12,287
31 Jul 19	24,495	6,059	12,009
30 Apr 19	23,743	6,048	11,845
31 Jan 19	23,126	5,799	11,738
31 Oct 18	22,243	5,269	11,549
31 Jul 18	21,978	4,794	11,704
30 Apr 18	21,703	4,645	11,671
31 Jan 18	21,773	4,650	11,449
31 Oct 17	21,361	5,153	11,315
31 Jul 17	21,165	5,295	11,422
30 Apr 17	21,208	5,162	11,253
31 Jan 17	20,618	4,895	11,318
31 Oct 16	20,316	4,472	11,196
31 Jul 16	20,022	4,338	11,057
30 Apr 16	19,312	4,295	10,984
31 Jan 16	18,777	4,319	10,855
31 Oct 15	18,777	4,253	10,693
31 Jul 15	18,393	4,097	10,507
30 Apr 15	18,332	4,017	10,329
31 Jan 15	18,174	4,090	9,866
31 Oct 14	17,662	4,157	9,564
31 Jul 14	17,141	4,169	9,320
30 Apr 14	16,460	4,164	9,118
31 Jan 14	16,002	4,045	9,085
31 Oct 13	16,243	4,010	8,970
31 Jul 13	15,511	4,009	9,043

Quality Earnings: BMO has high quality earnings.

Growing Profit Margin: BMO's current net profit margins (16.6%) are lower than last year (34.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BMO's earnings have grown by 8.7% per year over the past 5 years.

Accelerating Growth: BMO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BMO had negative earnings growth (-50.7%) over the past year, making it difficult to compare to the Banks industry average (-13.2%).

Bank of Montreal Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Full year 2023 earnings: EPS misses analyst expectations

Bank of Montreal to Report Q1, 2024 Results on Feb 27, 2024

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Recent updates

BMO Launches Greener Future Financing Program to Help U.S. Businesses Build Climate Resilient Operations

Upcoming dividend of CA$1.51 per share

Bank of Montreal Declares Dividend on Common Shares, Payable on May 28, 2024

Bank Of Montreal Q1: Higher Provision For Credit Losses And Rate Uncertainty Could Limit Growth

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of CA$1.51 per share at 4.7% yield

Bank of Montreal: Upgrade To Buy, +5% Dividend Yield And Attractive Valuation

Full year 2023 earnings: EPS misses analyst expectations

Bank of Montreal Increases Common Share Dividend, Payable on February 27, 2024

Bank of Montreal Is Reportedly Exploring Sale of RV Loan Portfolio

Upcoming dividend of CA$1.47 per share at 5.4% yield

Bank of Montreal: Drop In Trading Revenues Place Pressure On Growth

BMO Financial Group Announces Chief Executive Officer Changes

Bank of Montreal's 5% Yield: Value Opportunity?

Bank of Montreal to Report Q1, 2024 Results on Feb 27, 2024

Bank of Montreal Appoints Hazel Claxton to Its Board of Directors

Bank of Montreal: Its Direction Shows Promise

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Bank of Montreal, Annual General Meeting, Apr 16, 2024

Bank of Montreal: Overvalued But Nice 4.5% Dividend Yield And Growth From Recent Takeover

Upcoming dividend of CA$1.47 per share at 4.8% yield

Abu Dhabi Developmental Holding Company PJSC and Bank of Montreal entered into definitive agreements to acquire an unknown minority stake in Sagard and Great-West Lifeco Inc. has agreed to increase its existing minority stake.

Bank of Montreal: Non-Interest Income Headwinds Remain

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Bank of Montreal Declares Quarterly Dividend for the Third Quarter of Fiscal Year 2023, Payable on August 28, 2023

Upcoming dividend of CA$1.43 per share at 4.6% yield

Independent Director recently bought US$100k worth of stock

Independent Chairman of the Board recently bought US$1.6m worth of stock

First quarter 2023 earnings: EPS and revenues miss analyst expectations

BMO Financial Group Appoints Nadim Hirji as Group Head, BMO Commercial Banking, Effective March 1, 2023

Bank of Montreal implements fourth wage increase in two years

BMO Rolls Out Its Enhanced BMO Harris Business Platinum Rewards Mastercard

Bank of Montreal announces C$650M institutional NVCC preferred stock offering

Upcoming dividend of CA$1.43 per share

Bank of Montreal gets regulatory approval to acquire Bank of the West

Bank of Montreal to Report Q3, 2023 Results on Aug 29, 2023

Bank of Montreal, Extend add new payments functionality to BMO corporate cards

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Bank of Montreal to Report Q4, 2022 Results on Dec 01, 2022

Platform Business and IFA Business of Convoy Global Holdings Limited completed the acquisition of AGBA Acquisition Limited (NasdaqCM:AGBA) from Agba Holding Limited and others in a reverse merger transaction.

Upcoming dividend of CA$1.39 per share

BMO Financial Group Appoints Viviane Croux as Head, Corporate Finance, Quebec

Bank of Montreal raises $750M through subordinated note issue

Bank Of Montreal: Not A Bad Time To Accumulate Shares

E la Carte, Inc. (Presto) completed the acquisition of Ventoux CCM Acquisition Corp. (NasdaqCM:VTAQ) from a group of sellers in a reverse merger transaction.

BMO Capital Markets reportedly cuts staff in wake of weakness in division

Bank of Montreal Declares Quarterly Dividend on Common Shares for the Fourth Quarter of Fiscal Year 2022, Payable on November 28, 2022

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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