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

4 Wall Street 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 analysts is that investors should "moderate buy" BMO shares.
View BMO analyst ratings or view top-rated stocks.

4 equities research analysts have issued 1 year price targets for Bank of Montreal's stock. Their BMO share price forecasts range from $113.00 to $131.00. On average, they anticipate the company's stock price to reach $122.00 in the next twelve months. This suggests a possible upside of 52.3% from the stock's current price.
View analysts price targets for BMO or view top-rated stocks among Wall Street analysts.

Bank of Montreal's stock was trading at $90.60 at the start of the year. Since then, BMO stock has decreased by 11.6% and is now trading at $80.13.
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Bank of Montreal saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 8,230,000 shares, an increase of 16.1% from the August 31st total of 7,090,000 shares. Based on an average daily trading volume, of 558,100 shares, the days-to-cover ratio is currently 14.7 days. Currently, 1.2% of the company's stock are sold short.
View Bank of Montreal's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our BMO earnings forecast.

Bank of Montreal (NYSE:BMO) released its earnings results on Tuesday, August, 29th. The bank reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by $0.20. The bank earned $5.94 billion during the quarter. Bank of Montreal had a trailing twelve-month return on equity of 12.70% and a net margin of 11.19%.

Bank of Montreal announced a quarterly dividend on Tuesday, August 29th. Stockholders of record on Monday, October 30th will be given a dividend of $1.11 per share on Tuesday, November 28th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Friday, October 27th. This is a boost from the stock's previous quarterly dividend of $1.09.
Read our dividend analysis for BMO.

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

Bank of Montreal (NYSE:BMO) pays an annual dividend of $4.44 per share and currently has a dividend yield of 5.26%. 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 58.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMO will have a dividend payout ratio of 46.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMO.

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).

Bank of Montreal trades on the New York Stock Exchange (NYSE) under the ticker symbol "BMO."

Bank of Montreal's stock is owned by many different institutional and retail investors. Top institutional investors include Park National Corp OH (0.00%).

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.
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One share of BMO stock can currently be purchased for approximately $80.13.

Bank of Montreal (NYSE:BMO) has a market capitalization of $57.76 billion and generates $34.74 billion in revenue each year. The bank earns $10.52 billion in net income (profit) each year or $7.55 on an earnings per share basis.

The company employs 46,722 workers across the globe.

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) 867-3996, via email at investor.relations@bmo.com, or via fax at 514-877-2150.