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Bank of Montreal (BMO) Given Consensus Recommendation of "Hold" by Brokerages

Bank of Montreal (BMO) Given Consensus Recommendation of

BMO is the first of the big Canadian banks to report its quarterly earnings, against a backdrop of concerns about high house prices, overstretched borrowers and the recent liquidity crisis at mortgage lender Home Capital. Investors of record on Tuesday, August 1st will be paid a dividend of 0.6616 per share by the bank on Monday, August 28th. The bank attributed the increase mostly to higher provisions in its United States of America personal and commercial operations, and also to lower credit recoveries in its corporate services division. Todd Asset Management LLC raised its position in Bank of Montreal by 11.7% in the third quarter. Finally, Schmidt P J Investment Management Inc. boosted its position in shares of Bank of Montreal by 1.2% in the first quarter.

Still, shares of BMO Financial Group rose 1.6% in premarket trading as the bank raised its dividend and beat revenue expectations.

Other hedge funds have also recently made changes to their positions in the company.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend.

Moors & Cabot Inc decreased its stake in Bank Montreal Que (BMO) by 77.04% based on its latest 2016Q4 regulatory filing with the SEC. Fiera Capital Corp now owns 1,292,975 shares of the bank's stock valued at $92,835,000 after buying an additional 890,489 shares during the period. The stock has "Buy" rating by Canaccord Genuity on Wednesday, December 7. Bronfman E.L. Rothschild L.P. increased its stake in Bank of Montreal by 1.7% in the first quarter. Adjusted to exclude certain items, the bank said it earned C$1.92 a share, compared with the C$1.93 a share analysts polled by Thomson Reuters had expected.

Bank of Montreal (BMO) now has a Return on Assets (ROA) value of 0.7 Percent.

Bank of Montreal announced a quarterly dividend of C$0.90, up 5 percent on the previous year. During the same period in the prior year, the firm posted $1.75 earnings per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.80%.

Bank of Montreal said loan and deposit growth in the US moderated in its latest quarter on slower-than-anticipated business activity. Smithfield Trust Company acquired 6,396 shares as Bank Montreal Que Com (BMO)'s stock declined 10.55%. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & global copyright and trademark law. The legal version of this story can be viewed at https://sportsperspectives.com/2017/05/24/bank-of-montreal-bmo-position-cut-by-nicolet-bankshares-inc-updated.html.

BMO's Canadian personal and commercial banking segment had $531 million of reported net income, up one per cent from a year ago.

Bank of Montreal (NYSE:BMO) (TSE:BMO) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a research note issued on Thursday. The stock of Bank of Montreal (USA) (NYSE:BMO) has "Buy" rating given on Wednesday, December 2 by TD Securities. Finally, Barclays PLC upgraded Bank of Montreal from an "underweight" rating to an "equal weight" rating in a research report on Tuesday. The stock has "Sector Perform" rating by RBC Capital Markets on Wednesday, August 24. The firm earned "Sector Perform" rating on Thursday, May 26 by Scotia Capital. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Deutsche Bank maintained it with "Hold" rating and $130.0 target in Wednesday, August 12 report.

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