The bank, based in Toronto, said it had earnings of $1.39 per share. Bank of Montreal presently has a consensus rating of “Hold” and an average price target of C$81.18.
Advertisement
Bank of Nova Scotia (NYSE:BNS) issued its earnings results on Tuesday. Canaccord Genuity restated a “buy” rating and issued a $77.00 price target on shares of Bank of Montreal in a research note on Friday, August 21st. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.81 billion. CIBC reduced their price target on Bank of Nova Scotia from C$70.00 to C$66.00 and set a sector perform rating for the company in a research report on Monday, August 17th. It also announced a shareholder-friendly move to buy back up to 15 million of its common shares, subject to regulatory approval.
Bank of Montreal (NYSE:BMO) is a financial services company. The company has a 50-day moving average price of $60.93 and a 200-day moving average price of $61.90.
Advertisement
More notable recent Bank of Nova Scotia (NYSE:BNS) news were published by: Fool.ca which released: “Buy Bank of Nova Scotia for Exposure to International Markets” on November 26, 2015, also Fool.ca with their article: “Why Bank of Nova Scotia Is the Best Growth Play of Canada’s Banks” published on November 12, 2015, Fool.ca published: “Bank of Nova Scotia: Is This Your Best Bank Bet for Future Growth?” on November 09, 2015. The company has a market capitalization of $55.00 billion and a P/E ratio of 11.39. The Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 21 million customers in more than 55 countries around the world. Scotiabank says most of its business units did well, both in Canada and internationally. Oil is a major export for Canada and a weakened economy creates headwinds for the banks’ domestic retail operations, where they generate the bulk of their earnings. Global Wealth Management (GWM) consists of wealth management insurance and Global Transaction Banking businesses.
