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Bank of Montreal T.BMO

Alternate Symbol(s):  NRGU | N.ZEBA | T.BMO.P.Y | FNGD | FNGO | BMO | FNGU | N.BGDV | CARD | N.ZUEA | T.BMO.P.E | T.BMO.P.T | N.ZOCT | CARU | T.BMO.P.W

Bank of Montreal (BMO) is a Canada-based company, which offers a wide range of personal banking services. The Company is engaged in providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to customers across Canada, the United States, and in select markets globally. The Company offers services, such as bank accounts, credit cards, mortgages, loans, investments, creditor insurance, and travel insurance. The Company’s segments include P&C, U.S. P&C, Total P&C, BMO Wealth Management, BMO Capital Markets, and Corporate Services. Its bank accounts include checking accounts, and savings accounts. Its credit card services include no fee, low interest, cash back, BMO Rewards, AIR MILES, travel, and lifestyle. Its credit cards include BMO eclipse Visa Infinite Card, BMO Ascend World Elite Mastercard, BMO eclipse Visa Infinite Privilege Card, BMO Preferred Rate Mastercard and BMO CashBack Mastercard.


TSX:BMO - Post by User

Post by zack50on Mar 03, 2022 12:23pm
155 Views
Post# 34479540

Love this stock... just keeps getting better and better!

Love this stock... just keeps getting better and better!
First quarter 2022 earnings: EPS and revenues exceed analyst expectations
First quarter 2022 results:
  • EPS: CA$4.44 (up from CA$3.03 in 1Q 2021).
  • Revenue: CA$7.82b (up 15% from 1Q 2021).
  • Net income: CA$2.93b (up 50% from 1Q 2021).
  • Profit margin: 38% (up from 29% in 1Q 2021).

Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 37%.

Over the next year, revenue is forecast to grow 2.4%, compared to a 2.2% growth forecast for the industry in Canada.

Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year.


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