Barclays Adjusting Estimates and Price Target on Bank of Montreal (BMO); Earnings Debate: Everything But Retail

May 24, 2012 3:07 PM EDT Send to a Friend
Get Alerts BMO Hot Sheet
Price: $76.14 --0%

Rating Summary:
    4 Buy, 7 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 29 | Down: 15 | New: 8
Trade BMO Now!
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Bank of Montreal (NYSE: BMO) price target lowered from CAD$60 to CAD$58.

Analyst, John Aiken, said, "Headline beat, but underlying performance not likely to provide incremental support: While investors are likely to continue to debate the merits of including M&I credit recoveries within 'core' earnings, we believe that a more simple basic will likely weigh on BMO's valuation coming out of the quarter-potential relative underperformance of its retail platforms."

FY12 EPS estimate raised from $5.54 to $5.56, but FY13 lowered from $5.86 to $5.58.

For an analyst ratings summary and ratings history on Bank of Montreal click here. For more ratings news on Bank of Montreal click here.

Shares of Bank of Montreal closed at $54.80 yesterday.




You May Also Be Interested In


Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Barclays, Earnings

Add Your Comment