S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
New CBOE “special perk” helps traders target income every weekend (Ad)
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At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
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Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
New CBOE “special perk” helps traders target income every weekend (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
New CBOE “special perk” helps traders target income every weekend (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
New CBOE “special perk” helps traders target income every weekend (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
Freshworks gets juiced on its AI customer engagement platform
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months

Bank of Montreal (BMO) Stock Price, News & Analysis

$87.23
+1.16 (+1.35%)
(As of 12/8/2023 08:56 PM ET)
Compare
Today's Range
$86.08
$87.51
50-Day Range
$74.23
$87.23
52-Week Range
$73.98
$102.79
Volume
796,400 shs
Average Volume
621,156 shs
Market Capitalization
$62.89 billion
P/E Ratio
20.87
Dividend Yield
4.96%
Price Target
$122.00

Bank of Montreal MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
39.9% Upside
$122.00 Price Target
Short Interest
Healthy
1.89% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.32
Upright™ Environmental Score
News Sentiment
0.60mentions of Bank of Montreal in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.38%
From $9.13 to $9.53 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Finance Sector

119th out of 797 stocks

Commercial Banks, Not Elsewhere Classified Industry

8th out of 28 stocks


BMO stock logo

About Bank of Montreal Stock (NYSE:BMO)

Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers. It also offers investment and wealth advisory services; digital investing services; financial services and solutions; and investment management, and trust and custody services. In addition, the company provides life insurance, accident and sickness insurance, and annuity products; creditor and travel insurance to bank customers; and reinsurance solutions. Further, it offers client's debt and equity capital-raising services, as well as loan origination and syndication, and treasury management; strategic advice on mergers and acquisitions, restructurings, and recapitalizations, as well as valuation and fairness opinions; and trade finance, risk mitigation, and other operating services. Additionally, the company provides research and access to markets for institutional, corporate, and retail clients; trading solutions that include debt, foreign exchange, interest rate, credit, equity, securitization and commodities; new product development and origination services, as well as risk management advice and services to hedge against fluctuations; and funding and liquidity management services to its clients. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.

BMO Stock Price History

BMO Stock News Headlines

Cormark Comments on Bank of Montreal's FY2024 Earnings (NYSE:BMO)
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
BMO Launches MAX S&P 500 4X Leveraged ETNs on the NYSE
BMO misses expectations on costs tied to Bank of the West
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Bank of Montreal: US expansion hits bad timing
Bank of Montreal Earnings Preview
Bank of Montreal (BMO) to Release Earnings on Friday
KBW Sticks to Their Buy Rating for Bank Of Montreal (BMO)
Bank of Montreal's Dividend Analysis
See More Headlines
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Company Calendar

Last Earnings
12/03/2021
Ex-Dividend for 11/28 Dividend
10/27/2023
Dividend Payable
11/28/2023
Today
12/10/2023
Next Earnings (Estimated)
2/27/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
46,722
Year Founded
1817

Price Target and Rating

Average Stock Price Target
$122.00
High Stock Price Target
$131.00
Low Stock Price Target
$113.00
Potential Upside/Downside
+39.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$3.24 billion
Pretax Margin
8.61%

Debt

Sales & Book Value

Annual Sales
$33.06 billion
Cash Flow
$11.21 per share
Book Value
$72.06 per share

Miscellaneous

Free Float
713,773,000
Market Cap
$62.89 billion
Optionable
Optionable
Beta
1.15

Social Links

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Key Executives

  • Mr. William Darryl WhiteMr. William Darryl White (Age 51)
    CEO & Director
    Comp: $3.25M
  • Mr. Tayfun Tuzun (Age 58)
    Chief Financial Officer
    Comp: $1.12M
  • Mr. Steve Tennyson C.F.A.
    Chief Technology & Operations Officer
  • Ms. Christine Viau
    Head of Investor Relations
  • Ms. Sharon Marie Haward-Laird
    General Counsel
  • Ms. Kimberley Crews Goode
    Chief Communications & Social Impact Officer
  • Ms. Catherine Margaret Roche
    Head of Marketing & Strategy
  • Ms. Mona Malone
    Chief Human Resources Officer and Head of People, Culture & Brand
  • Mr. Richard D. Rudderham
    Head of Business Tech. Integration & Interim Head of Ent. Initiatives, Infrastructure and Innovation
  • Mr. Michael E. Bonner
    Senior VP and Regional Head of BC & Yukon

Should I Buy Bank of Montreal Stock? BMO Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Bank of Montreal was last updated on Sunday, December 10, 2023 at 7:04 PM.

Pros

Here are some ways that investors could benefit from investing in Bank of Montreal:

  • Bank of Montreal provides diversified financial services primarily in North America.
  • The company offers personal banking products and services, including checking and savings accounts, mortgages, loans, and credit cards.
  • Bank of Montreal has a strong presence in the Canadian market and is one of the largest banks in the country.
  • The company has a long history, being founded in 1817, which demonstrates its stability and resilience.
  • Bank of Montreal offers investment banking services, including mergers and acquisitions, capital markets, and advisory services.

Cons

Investors should be bearish about investing in Bank of Montreal for these reasons:

  • Bank of Montreal operates primarily in North America, which limits its global reach and potential growth opportunities.
  • The company may be exposed to economic fluctuations and regulatory changes in the North American market.
  • Bank of Montreal faces competition from other major banks and financial institutions in the industry.
  • Investing in Bank of Montreal may be subject to market risks and volatility.
  • It is important for investors to consider the current stock price and market conditions before making investment decisions.














BMO Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of Montreal stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BMO shares.
View BMO analyst ratings
or view top-rated stocks.

What is Bank of Montreal's stock price target for 2024?

4 Wall Street analysts have issued 12-month target prices for Bank of Montreal's stock. Their BMO share price targets range from $113.00 to $131.00. On average, they anticipate the company's share price to reach $122.00 in the next year. This suggests a possible upside of 39.9% from the stock's current price.
View analysts price targets for BMO
or view top-rated stocks among Wall Street analysts.

How have BMO shares performed in 2023?

Bank of Montreal's stock was trading at $90.60 at the beginning of 2023. Since then, BMO shares have decreased by 3.7% and is now trading at $87.23.
View the best growth stocks for 2023 here
.

Are investors shorting Bank of Montreal?

Bank of Montreal saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 13,500,000 shares, a decrease of 30.6% from the October 31st total of 19,440,000 shares. Based on an average daily volume of 700,400 shares, the short-interest ratio is presently 19.3 days. Approximately 1.9% of the shares of the company are sold short.
View Bank of Montreal's Short Interest
.

When is Bank of Montreal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our BMO earnings forecast
.

How were Bank of Montreal's earnings last quarter?

Bank of Montreal (NYSE:BMO) released its earnings results on Friday, December, 3rd. The bank reported $2.60 EPS for the quarter, topping the consensus estimate of $2.52 by $0.08. The bank earned $6.57 billion during the quarter, compared to analysts' expectations of $6.66 billion. Bank of Montreal had a net margin of 6.41% and a trailing twelve-month return on equity of 12.55%. The company's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.81 earnings per share.

How often does Bank of Montreal pay dividends? What is the dividend yield for Bank of Montreal?

Bank of Montreal declared a quarterly dividend on Monday, December 4th. Shareholders of record on Tuesday, January 30th will be paid a dividend of $1.1137 per share on Tuesday, February 27th. This represents a $4.45 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Monday, January 29th. This is an increase from the stock's previous quarterly dividend of $1.11.
Read our dividend analysis for BMO
.

Is Bank of Montreal a good dividend stock?

Bank of Montreal (NYSE:BMO) pays an annual dividend of $4.33 per share and currently has a dividend yield of 5.04%. BMO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 103.59%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, BMO will have a dividend payout ratio of 45.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMO.

What ETF holds Bank of Montreal's stock ?

iShares GSCI Commodity Dynamic Roll Strategy ETF holds 10,000,000 shares of BMO stock, representing 1.28% of its portfolio.

What other stocks do shareholders of Bank of Montreal own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of Montreal investors own include Intact Financial (IFC), Constellation Software (CSU), AbbVie (ABBV), Alimentation Couche-Tard (ATD.B), Toronto-Dominion Bank (TD), Royal Bank of Canada (RY), AutoCanada (ACQ), AT&T (T), Bank of Nova Scotia (BNS) and Johnson & Johnson (JNJ).

Who are Bank of Montreal's major shareholders?

Bank of Montreal's stock is owned by many different institutional and retail investors. Top institutional investors include TD Asset Management Inc (2.22%), Bank of Nova Scotia (2.05%), Toronto Dominion Bank (1.95%), Mackenzie Financial Corp (1.91%), National Bank of Canada FI (1.59%) and CIBC Asset Management Inc (1.15%).

How do I buy shares of Bank of Montreal?

Shares of BMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Bank of Montreal have any subsidiaries?
The following companies are subsidiares of Bank of Montreal: AIG Life Insurance Company of Canada, BMO Asset Management (Holdings) plc and subsidiaries, BMO Asset Management Corp. and subsidiaries, BMO Capital Markets Corp., BMO Capital Markets Limited, BMO Family Office LLC, BMO Financial Corp. and subsidiaries, BMO Global Asset Management (Asia) Limited, BMO Global Asset Management (Europe) Limited and subsidiaries, BMO Harris Bank National Association and subsidiaries, BMO Harris Financing Inc. and subsidiaries, BMO Harris Investment Company LLC, BMO Investments Inc., BMO Investments Limited, BMO InvestorLine Inc., BMO Life Assurance Company, BMO Life Holdings (Canada), BMO Life Insurance Company and subsidiaries, BMO Mortgage Corp., BMO Nesbitt Burns Holdings Corporation, BMO Nesbitt Burns Inc., BMO Reinsurance Limited, BMO Trust Company, Bank of Montreal (China) Co. Ltd., Bank of Montreal Europe plc, Bank of Montreal Holding Inc. and subsidiaries, Bank of Montreal Mortgage Corporation, Bank of The West, CTC Consulting LLC, Clearpool Group, Edville Bankcorp Inc, F&C Asset Management, First National Bank & Trust, First National Bank of Joliet, Gerard Klauer Mattison, Gerard Klauer Mattison & Co. Partners, Greene Holcomb Fisher, Guardian Group of Funds Ltd, KGS-Alpha Capital Markets, LGM Investments Limited, Lake Commercial Corp, Lakeland Community Bank, Marshall & Ilsley Corporation, Mercantile Bancorp Inc, Merchants and Manufacturers Bancorporation Inc, New Lenox State Bank, Ozaukee Bank, Pyrford International Limited, Villa Park Trust and Savings Bank, and bcpbank Canada.
Read More
This page (NYSE:BMO) was last updated on 12/11/2023 by MarketBeat.com Staff

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