The Bank of Montreal began fiscal year 2025 with strong results, demonstrating careful management of its portfolio and efficient operations despite economic uncertainty. BMO's well-diversified portfolio, strong capital levels, and good liquidity make it a strong investment option in the face of economic challenges. Even with some recent struggles, BMO continues to show positive momentum, backed by solid fundamentals.
Investors looking at stocks in the Foreign Banks sector may already know about Bank of Montreal (BMO) and Svenska Handelsbanken Ab Publ (SVNLY). However, which of these two companies is the better choice for those seeking undervalued stocks?
On March 6, 2025, BMO (TSX: BMO) (NYSE: BMO) announced that it has submitted its Notice of Annual Meeting of Shareholders and Management Proxy Circular to the relevant securities authorities. The bank will also publish its 2024 Sustainability and Climate Reporting, along with its Public Accountability Statements, on Wednesday, March 12.
The Bank of Montreal (BMO) is likely to do better than the market because it shows stronger growth in its financial performance.
Starting at midnight Eastern Time, the United States has placed a 25% tax on all goods coming from Mexico and Canada.
The Bank of Montreal (BMO) reported quarterly earnings of $2.14 per share, which is higher than the Zacks Consensus Estimate of $1.70 per share. This is an increase compared to last year's earnings of $1.90 per share.
On February 25, 2025, the Bank of Montreal announced that its Board of Directors has set a quarterly dividend of $1.59 per share for common shares for the second quarter of fiscal year 2025, which remains the same as the previous quarter. Additionally, the Board declared dividends for various Class B Preferred Shares, including $0.190875 for Series 33, $0.426 for Series 44, $36.865 for Series 50, and $35.285 for Series 52.
BMO's First Quarter 2025 Report to Shareholders, which includes the unaudited financial statements for the period ending January 31, 2025, can be found online at www.bmo.com/investorrelations, as well as on the Canadian Securities Administrators' website and the U.S. Securities and Exchange Commission's EDGAR section. In comparison to the First Quarter of 2024, the net income for the First Quarter of 2025 rose to $2,138 million from $1,292 million, with adjusted net income increasing to $2,289 million from $1,893 million. Additionally, the earnings per share grew to $2.83 from $1.73, and the return on equity improved to 10.6% from 7.2%.
Algoma Steel Group Inc., a major Canadian manufacturer of steel products, will take part in the BMO 34th Global Metals, Mining & Critical Minerals Conference from February 24 to February 26, 2025, in Hollywood, Florida. Before the event, the company plans to share its presentation on the Investors section of its website at ir.algoma.com.
On February 20, 2025, in Vancouver, British Columbia, Teck Resources Limited announced that its President and CEO, Jonathan Price, will speak at the BMO Global Metals, Mining & Critical Minerals conference. This presentation is scheduled for February 24, 2025, at 2:00 p.m. Eastern/11:00 a.m. Pacific time. During the event, he will discuss the company's strategy, financial results, and future plans for its business units.