Bank of Montreal

Case Form

Find Out if You Potentially Qualify for a Financial Reward by filling out the form.

First Name

Last Name

Phone

Street Address

City

State

Zip

Shares Purchased

Purchase Date

Estimated Loss

The submission of this form does not create an attorney-client relationship.

Investigation Details

On August 27, 2024, BoM reported its financial results for the third quarter of 2024, reporting adjusted earnings per share of C$2.64 (US$1.96), which missed consensus estimates for the third consecutive quarter. The Company also increased its provision for credit losses to C$906 million, compared to C$492 million for the same period in the prior year. In response, Jefferies downgraded BoM’s stock to Hold from Buy.

On this news, BoM’s stock price fell over 6% to close at $83.30 per share on August 27, 2024.