UPDATE: BMO Capital Markets Reiterates on BOK Financial Corporation Following 3Q13 EPS Miss

In a report published Thursday, BMO Capital Markets analyst Peter J. Winter reiterated a Market Perform rating on BOK Financial Corporation BOKF, but lowered the price target from $65.00 to $63.00. In the report, BMO Capital Markets noted, “BOKF reported 3Q13 EPS of $1.10 vs. $1.16 in 2Q13, missing our estimate of $1.12 and consensus of $1.15. Fee income was much weaker than expected, led by mortgage banking, offset by an $8.5 million negative provision vs. our forecast of a zero ($0.08/sh benefit) and an unusually low tax rate ($0.04/sh benefit).” BOK Financial Corporation closed on Wednesday at $64.19.