Bank Tax Provision vs Net Income Analysis
BMO Stock | USD 95.22 0.77 0.82% |
Bank of Montreal financial indicator trend analysis is way more than just evaluating Bank of Montreal prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bank of Montreal is a good investment. Please check the relationship between Bank of Montreal Tax Provision and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Montreal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Bank Stock, please use our How to Invest in Bank of Montreal guide.
Tax Provision vs Net Income
Tax Provision vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bank of Montreal Tax Provision account and Net Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Bank of Montreal's Tax Provision and Net Income is 0.9. Overlapping area represents the amount of variation of Tax Provision that can explain the historical movement of Net Income in the same time period over historical financial statements of Bank of Montreal, assuming nothing else is changed. The correlation between historical values of Bank of Montreal's Tax Provision and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Tax Provision of Bank of Montreal are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Tax Provision i.e., Bank of Montreal's Tax Provision and Net Income go up and down completely randomly.
Correlation Coefficient | 0.9 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Bank of Montreal financial statement analysis. It represents the amount of money remaining after all of Bank of Montreal operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Bank of Montreal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bank of Montreal current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Montreal. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. To learn how to invest in Bank Stock, please use our How to Invest in Bank of Montreal guide.As of the 17th of May 2024, Selling General Administrative is likely to grow to about 39.7 B. Also, Tax Provision is likely to grow to about 2 B
2021 | 2022 | 2024 (projected) | EBIT | 28.9B | 5.9B | 11.6B | Operating Income | 28.9B | 5.9B | 11.1B |
Bank of Montreal fundamental ratios Correlations
Click cells to compare fundamentals
Bank of Montreal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Montreal fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 852.2B | 949.3B | 988.2B | 1.1T | 1.3T | 626.6B | |
Short Long Term Debt Total | 187.0B | 189.8B | 222.6B | 248.7B | 286.0B | 300.3B | |
Total Stockholder Equity | 51.1B | 56.6B | 57.5B | 71.0B | 77.0B | 35.4B | |
Property Plant And Equipment Net | 4.9B | 4.9B | 5.1B | 6.4B | 7.3B | 7.7B | |
Net Debt | 120.6B | 88.2B | 129.4B | 166.7B | 191.7B | 201.3B | |
Retained Earnings | 28.7B | 30.7B | 35.5B | 45.1B | 44.9B | 6.3B | |
Cash | 56.8B | 66.4B | 101.6B | 93.2B | 82.1B | 383.7B | |
Non Current Assets Total | 248.0B | 245.2B | 285.5B | 350.7B | 403.3B | 423.5B | |
Non Currrent Assets Other | (1.5B) | (1.3B) | (1.2B) | (3.1B) | (3.5B) | (3.7B) | |
Other Assets | 523.9B | 600.0B | 614.3B | 727.4B | 816.5B | 24.5B | |
Cash And Short Term Investments | 95.2B | 122.0B | 118.2B | 114.3B | 131.5B | 138.0B | |
Common Stock Shares Outstanding | 642.1M | 648.7M | 665.7M | 710.5M | 817.1M | 637.5M | |
Liabilities And Stockholders Equity | 949.3B | 988.2B | 1.1T | 1.3T | 1.5T | 1.6T | |
Non Current Liabilities Total | 106.0B | 103.7B | 113.0B | 140.2B | 161.2B | 169.3B | |
Other Stockholder Equity | 283M | 2.2B | 2.2B | 4.0B | 4.0B | 27.2B | |
Total Liab | 801.1B | 892.7B | 930.7B | 1.1T | 1.2T | 590.8B | |
Property Plant And Equipment Gross | 4.9B | 10.0B | 11.2B | 13.2B | 15.2B | 16.0B | |
Total Current Assets | 101.2B | 128.7B | 126.3B | 126.1B | 145.0B | 90.6B | |
Total Current Liabilities | 94.2B | 100.1B | 113.0B | 128.3B | 147.5B | 154.9B | |
Accounts Payable | 12.5B | 13.0B | 13.8B | 16.9B | 19.7B | 1.1B | |
Net Receivables | 6.0B | 5.9B | 6.7B | 8.1B | 11.8B | 990.9M | |
Other Current Assets | 295.6B | 334.1B | 335.9B | 342.2B | 393.5B | 286.2B | |
Short Term Debt | 81.2B | 86.3B | 96.1B | 108.5B | 124.8B | 131.1B | |
Other Current Liab | (93.6B) | (94.2B) | (100.1B) | (113.0B) | (128.3B) | 636.2B | |
Other Liab | 11.7B | 4.8B | 4.8B | 11.5B | 19.1B | 208.5B | |
Net Tangible Assets | 37.6B | 42.9B | 46.2B | 60.9B | 51.8B | 62.2B | |
Long Term Debt | 29.4B | 29.8B | 25.1B | 25.9B | 136.7B | 109.4B | |
Good Will | 6.3B | 6.5B | 5.4B | 5.3B | 16.7B | 4.1B | |
Short Term Investments | 28.8B | 20.4B | 25.0B | 32.3B | 37.1B | 37.2B | |
Inventory | (295.6B) | (334.1B) | (335.9B) | (342.2B) | (308.0B) | (292.6B) | |
Long Term Investments | 189.4B | 234.3B | 232.7B | 272.9B | 322.4B | 999.0B | |
Short Long Term Debt | 28.6B | 86.3B | 96.1B | 108.5B | 124.8B | 131.1B | |
Accumulated Other Comprehensive Income | 5.5B | 2.6B | 1.6B | 1.9B | 2.1B | 1.2B | |
Intangible Assets | 2.4B | 2.4B | 2.3B | 2.2B | 5.2B | 2.0B | |
Common Stock | 13.0B | 13.5B | 13.6B | 17.7B | 22.9B | 10.7B | |
Property Plant Equipment | 2.9B | 4.9B | 4.9B | 4.8B | 6.4B | 18.1B | |
Long Term Debt Total | 29.4B | 32.2B | 27.8B | 28.8B | 33.1B | 30.2B |
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Is Bank of Montreal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of Montreal. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of Montreal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 11.567 | Dividend Share 5.88 | Earnings Share 5.32 | Revenue Per Share 43.463 | Quarterly Revenue Growth 0.443 |
The market value of Bank of Montreal is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of Montreal's value that differs from its market value or its book value, called intrinsic value, which is Bank of Montreal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of Montreal's market value can be influenced by many factors that don't directly affect Bank of Montreal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of Montreal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Montreal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Montreal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.