NYSE:BMO

Bank of Montreal - BMO Stock Forecast, Price & News

$87.64

-0.86 (-0.97%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $87.37
▼
$89.78
50-Day Range: $87.64
▼
$105.16
52-Week Range: $87.28
▼
$122.77

Volume: 885,204 shs
Average Volume: 721,491 shs
Market Capitalization: $59.36 billion

P/E Ratio: 6.63
Dividend Yield: 4.91%
Price Target: $159.69

Bank of Montreal MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 82.2% Upside
$159.69 Price Target
Short Interest: Bearish
1.23% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.32
Upright™ Environmental Score
News Sentiment: 0.09
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.59%
From $10.32 to $11.00 Per Share

Overall MarketRank^™

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

2.46 out of 5 stars

Finance Sector

499th out of 923 stocks

Commercial Banks, Not Elsewhere Classified Industry

25th out of 35 stocks

3.4

Analyst's Opinion

Consensus Rating
Bank of Montreal has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 8 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $159.69, Bank of Montreal has a forecasted upside of 82.2% from its current price of $87.64.
Amount of Analyst Coverage
Bank of Montreal has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
1.23% of the float of Bank of Montreal has been sold short.
Short Interest Ratio / Days to Cover
Bank of Montreal has a short interest ratio ("days to cover") of 12.8, which indicates bearish sentiment.
Change versus previous month
Short interest in Bank of Montreal has recently increased by 74.68%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Bank of Montreal is a leading dividend payer. It pays a dividend yield of 4.91%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Bank of Montreal has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Bank of Montreal is 32.93%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bank of Montreal will have a dividend payout ratio of 39.55% next year. This indicates that Bank of Montreal will be able to sustain or increase its dividend.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Bank of Montreal has received a 37.82% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages provided by brick and mortar banks", "Consumer savings accounts provided by brick and mortar banks", "Commercial deposit accounts", and "Consumer transaction accounts provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for Bank of Montreal is -0.32.

2.3

News and Social Media Coverage

News Sentiment
Bank of Montreal has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Bank of Montreal this week, compared to 4 articles on an average week.
Search Interest
Only 51 people have searched for BMO on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.
MarketBeat Follows
9 people have added Bank of Montreal to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of Montreal insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Bank of Montreal is held by insiders.
Percentage Held by Institutions
42.52% of the stock of Bank of Montreal is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Bank of Montreal are expected to grow by 6.59% in the coming year, from $10.32 to $11.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of Montreal is 6.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of Montreal is 6.63, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 152.24.
Price to Earnings Growth Ratio
Bank of Montreal has a PEG Ratio of 1.38. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of Montreal has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Bank of Montreal (NYSE:BMO) Stock

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. It operates through approximately 900 bank branches and 3,300 automated banking machines in Canada and the United States. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.

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BMO Stock News Headlines

October 1, 2022 | americanbankingnews.com

Bank of Montreal (NYSE:BMO) Sees Large Volume Increase

September 28, 2022 | msn.com

First Nations man, granddaughter handcuffed at bank in 2019, make ground-breaking agreement with VPD

October 2, 2022 | Legacy Research (Affiliate) (Ad)

The 3-Stock Retirement Blueprint

When most folks think about making money through the markets, they think “buy and hold.” They think “diversification.” And they think about investing in things like index funds. But one man has a different approach… It’s called the “3-Stock Retirement Blueprint.”

September 28, 2022 | finance.yahoo.com

81 per cent of Canadians concerned about recession occurring in the next three months: BMO Real Financial Progress Index

September 27, 2022 | finance.yahoo.com

US Sales of New Homes Unexpectedly Rise in a Break From Downturn

September 26, 2022 | finance.yahoo.com

BMO Supporting Communities with Relief Efforts in Atlantic Canada and Eastern Quebec

September 23, 2022 | finance.yahoo.com

BMO Investments Inc. Announces Changes to its Mutual Fund Lineup

September 21, 2022 | finance.yahoo.com

BMO Helps Women Business Owners Grow the Good with the 2022 BMO Celebrating Women Grant Program

October 2, 2022 | Legacy Research (Affiliate) (Ad)

The 3-Stock Retirement Blueprint

September 16, 2022 | finance.yahoo.com

BMO Capital Markets Trading Floors in Toronto, New York and London Promote Equity Through Education for 18th Year to Provide Financial Aid to Students

September 16, 2022 | finance.yahoo.com

2 High-Yield Financial Stocks to Buy Hand Over Fist and 1 to Avoid

September 14, 2022 | finance.yahoo.com

BMO Releases Wîcihitowin ᐑᒋᐦᐃᑐᐏᐣ- Annual Indigenous Partnerships and Progress Report and Provides Free Access to eLearning to the Public

September 12, 2022 | fool.com

Bank of Montreal (NYSE: BMO)

September 10, 2022 | finance.yahoo.com

Victory Claimed by Team Sweden in the 2022 BMO Nations' Cup at the Spruce Meadows 'Masters'

September 7, 2022 | msn.com

Canada's big banks raise prime rates after Bank of Canada's latest hike

September 7, 2022 | finance.yahoo.com

BMO Bank of Montreal Increases CDN$ Prime Lending Rate to 5.45 Per Cent

September 6, 2022 | finance.yahoo.com

Media Advisory - BMO CFO Tayfun Tuzun to Speak at the Barclays Global Financial Services Conference

September 6, 2022 | finance.yahoo.com

The total return for Bank of Montreal (TSE:BMO) investors has risen faster than earnings growth over the last five years

August 30, 2022 | seekingalpha.com

Bank of Montreal Disappoints On Q3 Results, But Outlook Remains Attractive

August 30, 2022 | marketwatch.com

Toronto Stocks Slide; Bank of Montreal Falls on 3Q Miss

August 30, 2022 | marketwatch.com

Bank of Montreal Costs, Lower Segment Income Drag 3Q Profit

August 30, 2022 | nasdaq.com

Bank of Montreal posts lower third-quarter profit

August 30, 2022 | theglobeandmail.com

Bank of Montreal profit falls as volatility hits capital markets

August 30, 2022 | nasdaq.com

Bank of Montreal misses estimates, profit falls on capital markets challenges

August 30, 2022 | finance.yahoo.com

BMO Earnings Hurt by Dropoff in Investment-Banking Business

August 24, 2022 | finance.yahoo.com

Salesforce Falls as Revenue Forecast Misses Analysts’ Estimates

August 19, 2022 | msn.com

TD Bank (TSX:TD) vs Bank of Montreal (TSX:BMO) – Which U.S. Deal is Better?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BMO Company Calendar

Ex-Dividend for 8/26 Dividend: 8/01/2022
Dividend Payable: 8/26/2022
Last Earnings: 8/30/2022
Today: 10/02/2022
Ex-Dividend for 11/28 Dividend: 10/31/2022
Fiscal Year End: 10/31/2022
Dividend Payable: 11/28/2022
Next Earnings (Estimated): 12/02/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:BMO
CUSIP: N/A
CIK: 927971
Web: www.bmo.com
Phone: (416) 867-6785
Fax: 514-877-2150
Employees: 43,863
Year Founded: 1817

Price Target and Rating

Average Stock Price Forecast: $159.69
High Stock Price Forecast: $171.00
Low Stock Price Forecast: $150.00
Forecasted Upside/Downside: +82.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.70
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $13.21
Trailing P/E Ratio: 6.63
Forward P/E Ratio: 8.49
P/E Growth: 1.38
Net Income: $6.17 billion
Net Margins: 30.66%
Pretax Margin: 40.30%
Return on Equity: 16.07%
Return on Assets: 0.89%

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: 0.99
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: $26.06 billion
Price / Sales: 2.28
Cash Flow: $11.46 per share
Price / Cash Flow: 7.65
Book Value: $70.33 per share
Price / Book: 1.25

Miscellaneous

Outstanding Shares: 677,260,000
Free Float: 670,489,000
Market Cap: $59.36 billion
Optionable: Optionable
Beta: 1.17

Social Links

Key Executives

Mr. William Darryl White (Age 50)
CEO & Director
Comp: $3.53M

Mr. Tayfun Tuzun (Age 57)
Chief Financial Officer
Comp: $5.45M

Mr. Cameron Fowler
Chief Strategy & Operations Officer

Mr. Thomas Earl Flynn (Age 58)
Vice Chairman
Comp: $1.15M

Mr. David Robert Casper
Group Head of North American Commercial Banking & CEO of BMO Financial Corp

Mr. Daniel Barclay
CEO & Group Head of BMO Capital Markets

Mr. Steve Tennyson C.F.A.
Chief Technology & Operations Officer

Ms. Sharon Marie Haward-Laird
Gen. Counsel

Ms. Kimberley Crews Goode
Chief Communications & Social Impact Officer

Ms. Catherine Margaret Roche
Head of Marketing & Strategy

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BMO Stock - Frequently Asked Questions

Should I buy or sell Bank of Montreal stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last year. There are currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BMO shares.
View BMO analyst ratings or view top-rated stocks.
What is Bank of Montreal's stock price forecast for 2022?: 10 equities research analysts have issued 12-month price targets for Bank of Montreal's shares. Their BMO share price forecasts range from $150.00 to $171.00. On average, they anticipate the company's stock price to reach $159.69 in the next year. This suggests a possible upside of 82.2% 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 2022?: Bank of Montreal's stock was trading at $107.72 at the start of the year. Since then, BMO stock has decreased by 18.6% and is now trading at $87.64.
View the best growth stocks for 2022 here.
Are investors shorting Bank of Montreal?: Bank of Montreal saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 8,280,000 shares, an increase of 74.7% from the August 31st total of 4,740,000 shares. Based on an average daily trading volume, of 647,100 shares, the days-to-cover ratio is presently 12.8 days. Currently, 1.2% of the company's stock are short sold.
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 Friday, December 2nd 2022.
View our BMO earnings forecast.
How were Bank of Montreal's earnings last quarter?: Bank of Montreal (NYSE:BMO) announced its quarterly earnings results on Tuesday, August, 30th. The bank reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.02. The bank had revenue of $6.10 billion for the quarter, compared to the consensus estimate of $6.87 billion. Bank of Montreal had a trailing twelve-month return on equity of 16.07% and a net margin of 30.66%. The company's quarterly revenue was down 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.80 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 Tuesday, August 30th. Stockholders of record on Tuesday, November 1st will be given a dividend of $1.086 per share on Monday, November 28th. This represents a $4.34 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Monday, October 31st. This is a positive change from the stock's previous quarterly dividend of $1.08.
Read our dividend analysis for BMO.

Is Bank of Montreal a good dividend stock?: Bank of Montreal (NYSE:BMO) pays an annual dividend of $4.35 per share and currently has a dividend yield of 4.91%. BMO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMO will have a dividend payout ratio of 39.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMO.
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).
What is Bank of Montreal's stock symbol?: Bank of Montreal trades on the New York Stock Exchange (NYSE) under the ticker symbol "BMO."
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.
What is Bank of Montreal's stock price today?: One share of BMO stock can currently be purchased for approximately $87.64.
How much money does Bank of Montreal make?: Bank of Montreal (NYSE:BMO) has a market capitalization of $59.36 billion and generates $26.06 billion in revenue each year. The bank earns $6.17 billion in net income (profit) each year or $13.21 on an earnings per share basis.
How many employees does Bank of Montreal have?: The company employs 43,863 workers across the globe.
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.
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How can I contact Bank of Montreal?: Bank of Montreal's mailing address is 100 King Street West 1 First Canadian Place, TORONTO A6, M5X 1A1. The official website for the company is www.bmo.com. The bank can be reached via phone at (416) 867-6785, via email at investor.relations@bmo.com, or via fax at 514-877-2150.

This page (NYSE:BMO) was last updated on 10/2/2022 by MarketBeat.com Staff

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Bank of Montreal - BMO Stock Forecast, Price & News

Bank of Montreal MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows