Bank of Montreal Q3 2024 Adj EPS $1.93 Misses $2.04 Estimate, Sales $5.98B Miss $6.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of Montreal (NYSE:BMO) reported Q3 2024 earnings and sales that missed analyst estimates. The adjusted EPS was $1.93, below the $2.04 estimate, and sales were $5.98 billion, missing the $6.05 billion estimate.
August 27, 2024 | 9:33 am
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NEGATIVE IMPACT
Bank of Montreal's Q3 2024 earnings and sales missed analyst estimates, with EPS at $1.93 and sales at $5.98 billion. This could negatively impact the stock price in the short term.
The significant miss on both EPS and sales compared to analyst estimates suggests potential negative sentiment from investors, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100