What Bank of Montreal's Earnings Mean for Mutual Fund Investors (BMO)

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What Bank of Montreal's Earnings Mean for Mutual Fund Investors (BMO)

Bank of Montreal  logo
Bank of Montreal (BMO) released its fourth quarter financial results before the opening bell on Tuesday. The company reported lower earnings and higher revenue, both of which missed analysts’ expectations.

Inside BMO’s Q4 Results

Earnings

The company reported earnings of C$1.07 billion, or C$1.111 billion on an adjusted basis. On an EPS basis, earnings were C$1.56 per share, down 3% from the year prior. Excluding special items, earnings were C$1.63. On average, analysts expected to see earnings of C$1.68 per share.

Revenue
Revenue came in at C$4.34 billion, up from C$4.138 billion in the year prior. Analysts expected to see revenue of C$4.35 billion.

Mutual Funds to Watch

For investors seeking exposure to Bank of Montreal without purchasing the American Depositary Receipt (ADR) verison of the company, a mutual fund may be a good alternative. Below are three mutual funds that currently own the largest stakes in BMO.

The Bottom Line

The funds above allow investors to gain exposure to BMO as well as a wide range of other holdings and industries. Investors interested in BMO may also be interested in other Canadian banks like Toronto-Dominion Bank (TD) and Bank of Nova Scotia (BNS).

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Bank of Montreal  logo

What Bank of Montreal's Earnings Mean for Mutual Fund Investors (BMO)

Bank of Montreal (BMO) released its fourth quarter financial results before the opening bell on Tuesday. The company reported lower earnings and higher revenue, both of which missed analysts’ expectations.

Inside BMO’s Q4 Results

Earnings

The company reported earnings of C$1.07 billion, or C$1.111 billion on an adjusted basis. On an EPS basis, earnings were C$1.56 per share, down 3% from the year prior. Excluding special items, earnings were C$1.63. On average, analysts expected to see earnings of C$1.68 per share.

Revenue
Revenue came in at C$4.34 billion, up from C$4.138 billion in the year prior. Analysts expected to see revenue of C$4.35 billion.

Mutual Funds to Watch

For investors seeking exposure to Bank of Montreal without purchasing the American Depositary Receipt (ADR) verison of the company, a mutual fund may be a good alternative. Below are three mutual funds that currently own the largest stakes in BMO.

The Bottom Line

The funds above allow investors to gain exposure to BMO as well as a wide range of other holdings and industries. Investors interested in BMO may also be interested in other Canadian banks like Toronto-Dominion Bank (TD) and Bank of Nova Scotia (BNS).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.


Read Next