Bank of America Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Key Points

• Bank of America raised its price target for Bank of Montreal to C$262 from C$259, implying 9.14% upside from the prior close.
• Analyst opinions remain mixed: seven rate the stock a Buy, five Hold and one Sell, producing a consensus “Hold” rating and average target of C$257.36.
• BMO reported quarterly EPS of C$2.38 on C$9.90 billion in revenue, while the stock traded near C$240.05; insiders have sold shares worth roughly C$10.3 million over the past 90 days.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO had its price objective hoisted by equities researchers at Bank of America from C$259.00 to C$262.00 in a research note issued on Wednesday,BayStreet.CA reports. Bank of America's price objective would suggest a potential upside of 9.14% from the stock's previous close.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada upped their price target on Bank of Montreal from C$230.00 to C$241.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Desjardins boosted their price objective on Bank of Montreal from C$230.00 to C$260.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods set a C$295.00 target price on Bank of Montreal and gave the stock a "moderate buy" rating in a research report on Friday, August 21st. Canaccord Genuity Group increased their target price on Bank of Montreal from C$242.00 to C$265.00 and gave the stock a "buy" rating in a report on Tuesday, July 7th. Finally, Jefferies Financial Group lifted their price target on shares of Bank of Montreal from C$213.00 to C$225.00 and gave the company a "hold" rating in a research report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$257.36.

Bank of Montreal Trading Up 0.0%

BMO stock traded up C$0.11 during mid-day trading on Wednesday, reaching C$240.05. The company's stock had a trading volume of 1,596,867 shares, compared to its average volume of 2,471,046. The company has a market cap of C$168.14 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.22. Bank of Montreal has a 12 month low of C$163.04 and a 12 month high of C$259.20. The business's 50 day moving average price is C$249.92 and its 200 day moving average price is C$220.37.

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO last posted its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.38 EPS for the quarter. The business had revenue of C$9.90 billion during the quarter. Bank of Montreal had a net margin of 12.63% and a return on equity of 11.25%. As a group, equities analysts expect that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William Darryl White sold 27,167 shares of Bank of Montreal stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$225.74, for a total transaction of C$6,132,678.58. Following the transaction, the director owned 87,166 shares of the company's stock, valued at C$19,676,852.84. The trade was a 23.76% decrease in their ownership of the stock. Also, insider Sharon Marie Haward-Laird sold 4,519 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of C$225.85, for a total value of C$1,020,616.15. In the last ninety days, insiders sold 45,004 shares of company stock valued at $10,339,904. Corporate insiders own 0.03% of the company's stock.

Trending Headlines about Bank of Montreal

Here are the key news stories impacting Bank of Montreal this week:

• Positive Sentiment: Adjusted earnings beat expectations: BMO reported adjusted net income of approximately C$2.85 billion, up 19% year over year, supported by broad-based strength across its businesses. Quarterly EPS was C$2.38 on revenue of C$9.90 billion. Bank of Montreal beat analysts’ expectations as profits climb across the company
• Positive Sentiment: Share repurchase plan announced: BMO plans to buy back up to 25 million shares, potentially supporting earnings per share and signaling management confidence in the bank’s valuation and capital position. Bank of Montreal plans to repurchase up to 25M shares
• Positive Sentiment: Higher analyst price target: National Bank Financial set a C$278 target, implying meaningful potential upside from recent trading levels, although it assigned only a “sector perform” rating. Bank of Montreal price target set at C$278 by National Bank Financial
• Neutral Sentiment: BMO declared its fourth-quarter dividend and reported updated earnings-coverage ratios, while also publishing its third-quarter financial statements and management discussion. These updates reinforce disclosure and capital transparency but were not major new catalysts. Bank of Montreal files Q4 2026 dividend declaration
• Negative Sentiment: Reported profit was hurt by a C$962 million charge related to the transportation-finance exit, causing reported earnings to fall about 25% year over year despite the adjusted earnings improvement. BMO takes $962-million hit on transportation-finance exit
• Negative Sentiment: Some analysts view the quarter as solid but believe the one-time charge, ongoing execution risks and valuation limit near-term upside, resulting in a “hold” or cautious stance. Bank of Montreal Q3: Solid Quarter, But Just a Hold

About Bank of Montreal

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.

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