Bank of Montreal operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Bank of Montreal with three other
companies in this sector in CANADA :
Canadian Imperial Bank of Commerce
(2020
sales of 25.14 billion Canadian Dollars [US$19.81 billion]
of which 34%
was Canadian Personal and small Business Ban),
Toronto-Dominion Bank
(53.21 billion Canadian Dollars [US$41.93 billion]
of which 46%
was Canadian Retail), and
National Bank of Canada
(11.22 billion Canadian Dollars [US$8.84 billion]
of which 31%
was Personal and Commercial).
Sales Analysis.
During the third
fiscal
quarter of 2021, sales at Bank of Montreal totalled
C$7.89 billion.
This is a drop of 0.4%
from the C$7.92 billion in sales at the company during the third quarter in 2020.
During the first three quarters of 2021, sales totalled C$23.43 billion, which is
6.7% lower
than through the first three
fiscal
quarters of 2020.
During the previous 6 quarters, sales at Bank of Montreal have fallen vis-à-vis the same quarter in the previous year.
Bank of Montreal reported sales of C$32.66 billion (US$25.74 billion)
for the
fiscal
year ending
October of 2020.
This
represents
a
decrease of 9.0%
versus 2019, when the company's sales were C$35.89 billion.
Contributing to the drop in overall sales was the 12.5% decline
in Wealth Management, from C$7.66 billion to C$6.71 billion.
.
However, these declines were partially offset by the increase in sales of
Canadian P&c (up 0.4% to C$8.04 billion)
and
U.S. P&c (up 2.8% to C$5.53 billion)
and
Bmo Cm (up 12.5% to C$5.33 billion)
.