Bank Of Montreal ($BMO) 3Q20 Earnings Sneak Peek

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Bank Of Montreal (NYSE:BMO) is set to announce third quarter earning results on Monday 24th August 2020, before market open.

Previous Quarter Performance

Bank Of Montreal unfold income for the second quarter of $ 0.75 per share, from the revenue of $ 3,811.00 million.

Stock Performance

Shares of Bank Of Montreal traded low $ -0.45 or -0.78 percent on Saturday, reaching $ 57.27 with volume of 391.30 thousand shares. The stock opened down for the day at $ 57.42, after closing the previous day trading at $ 57.72.

According to the previous trading day, closing price of $ 57.72, representing a 50.67 % increase from the 52 week low of $ 38.31 and a 27.79 % decrease over the 52 week high of $ 79.93.

With respect to the key metrics, Bank Of Montreal stock has advanced $ 1.85 or 3.00 percent, reaching $ 55.42 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 1.35 or 2.00 percent, before arriving at $ 55.92 during the SMA50-day period.

The company has a market capital of $ 36.53 billion and is part of the Financial Services sector and Banks – Global industry.

 

Recent Stock Dividend Announcement

On May 27, 2020, the board of directors authorized quarterly dividend of $ 1.06 per share to holders of record as of the close of business on August 4, 2020, with payment date of August 26, 2020 and ex-dividend date on August 3, 2020.

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The companys personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers, as well as wealth management products and services, such as insurance products.