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

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.

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.

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.
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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.

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

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.

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.

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.

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

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'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%).

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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