NYSE:BMO

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

$84.37

-0.64 (-0.75%)

(As of 09/29/2023 ET)

Compare

Today's Range: $84.27
▼
$85.69
50-Day Range: $82.18
▼
$93.75
52-Week Range: $81.55
▼
$102.79

Volume: 637,261 shs
Average Volume: 431,842 shs
Market Capitalization: $60.82 billion

P/E Ratio: 11.17
Dividend Yield: 5.26%
Price Target: $122.00

Bank of Montreal MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 44.6% Upside
$122.00 Price Target
Short Interest: Bearish
1.15% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.32
Upright™ Environmental Score
News Sentiment: 0.44
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.61%
From $8.71 to $9.46 Per Share

Overall MarketRank^™

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

2.52 out of 5 stars

Finance Sector

362nd out of 880 stocks

Commercial Banks, Not Elsewhere Classified Industry

14th out of 29 stocks

3.3

Analyst's Opinion

Consensus Rating
Bank of Montreal has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $122.00, Bank of Montreal has a forecasted upside of 44.6% from its current price of $84.37.
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
1.15% 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 14.7, which indicates bearish sentiment.
Change versus previous month
Short interest in Bank of Montreal has recently increased by 16.08%, 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 5.22%, 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 58.81%. 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 46.93% 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.

1.9

News and Social Media Coverage

News Sentiment
Bank of Montreal has a news sentiment score of 0.44. 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 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Bank of Montreal this week, compared to 5 articles on an average week.
Search Interest
Only 29 people have searched for BMO on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Bank of Montreal to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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
43.89% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Bank of Montreal are expected to grow by 8.61% in the coming year, from $8.71 to $9.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of Montreal is 11.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of Montreal is 11.17, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 71.15.
Price to Earnings Growth Ratio
Bank of Montreal has a PEG Ratio of 1.39. 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 1.21. 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. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.

BMO Price History

30 days | 90 days | 365 days | Advanced Chart

BMO Stock News Headlines

September 29, 2023 | finance.yahoo.com

Canada Economic Growth Misses Forecasts, Backing Rate Pause

September 27, 2023 | finance.yahoo.com

Live news: Bank of Canada won't cut interest rates until third quarter of 2024: BMO

September 30, 2023 | Chaikin Analytics (Ad)

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September 25, 2023 | finance.yahoo.com

Treasuries Extend Selloff, Pushing 10-Year Yield to 16-Year High

September 25, 2023 | americanbankingnews.com

Alior Bank (OTCMKTS:ALORY) vs. Bank of Montreal (NYSE:BMO) Critical Review

September 21, 2023 | finance.yahoo.com

BMO's 19th Equity Through Education Trading Day Raises C$1.65 Million to Promote Education, Development and Progress for Promising Students Around the World

September 19, 2023 | fxstreet.com

EUR/USD to move back higher to 1.10 around the turn of the year – BMO

September 19, 2023 | finance.yahoo.com

BMO Expands Employee Benefits for Canadian Military Reservists and their Families

September 30, 2023 | Altimetry (Ad)

Fraud Expert: Dump these three popular stocks

A major (and legal) market manipulation scheme is about to play out. It could cost you a fortune – or double your money. You choose. Find out what he knows, here.

September 19, 2023 | finance.yahoo.com

BMO to close auto retail finance business amid rising bad debt

September 17, 2023 | msn.com

CORRECTED-UPDATE 1-Bank of Montreal to close retail auto finance business, flags job losses

September 14, 2023 | finance.yahoo.com

BMO Releases wîcihitowin - 3rd Annual Indigenous Partnerships and Progress Report and Announces New Indigenous Advisory Council Members

September 13, 2023 | theglobeandmail.com

Closing Bell: Bank of Montreal Pref Ser 33 down on Monday (BMO-PR-Y)

September 13, 2023 | theglobeandmail.com

Closing Bell: Bank of Montreal Pref Ser 33 up on Tuesday (BMO-PR-Y)

September 13, 2023 | finance.yahoo.com

Investment Advice and Side Hustles Top of Mind as Gen Z and Millennials Seek Greater Financial Security: BMO Survey

September 13, 2023 | finance.yahoo.com

BMO Real Financial Progress Index: Americans Consider Side Hustles and Investing Amid Rising Financial Anxiety

September 10, 2023 | finance.yahoo.com

Victory Claimed by Team Ireland in the 2023 BMO Nations' Cup at the Spruce Meadows 'Masters'

September 7, 2023 | theglobeandmail.com

Closing Bell: Bank of Montreal Pref Ser 33 down on Wednesday (BMO-PR-Y)

August 31, 2023 | seekingalpha.com

Bank of Montreal: Its Direction Shows Promise

August 30, 2023 | finance.yahoo.com

BMO Announces Subordinated Note Issue

August 30, 2023 | baystreet.ca

Bank Of Montreal Posts Fiscal Q3 Earnings Miss

August 30, 2023 | markets.businessinsider.com

Analysts’ Top Financial Picks: Synovus (SNV), Bank Of Montreal (BMO)

August 29, 2023 | theglobeandmail.com

BMO, Scotiabank and RBC: A breakdown of the big banks’ third-quarter earnings so far

August 29, 2023 | finance.yahoo.com

Bank of Montreal (BMO) Launches Contactless Virtual Cards

August 29, 2023 | finance.yahoo.com

Trucking numbers in BMO earnings again show weakening credit performance

August 28, 2023 | finance.yahoo.com

BMO Launches Mobile Wallet for Virtual Cards with Mastercard and Extend

August 26, 2023 | msn.com

He was scammed $16K from his BMO line of credit. The bank is charging him interest anyway

See More Headlines

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BMO Company Calendar

Ex-Dividend for 8/28 Dividend: 7/27/2023
Dividend Payable: 8/28/2023
Last Earnings: 8/29/2023
Today: 9/30/2023
Ex-Dividend for 11/28 Dividend: 10/27/2023
Fiscal Year End: 10/31/2023
Dividend Payable: 11/28/2023
Next Earnings (Estimated): 12/07/2023

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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) 867-3996
Fax: 514-877-2150
Employees: 46,722
Year Founded: 1817

Price Target and Rating

Average Stock Price Forecast: $122.00
High Stock Price Forecast: $131.00
Low Stock Price Forecast: $113.00
Forecasted Upside/Downside: +44.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.55
Trailing P/E Ratio: 11.17
Forward P/E Ratio: 9.69
P/E Growth: 1.39
Net Income: $10.52 billion
Net Margins: 11.19%
Pretax Margin: 14.95%
Return on Equity: 12.70%
Return on Assets: 0.71%

Debt

Debt-to-Equity Ratio: 0.12
Current Ratio: 0.96
Quick Ratio: 0.96

Sales & Book Value

Annual Sales: $34.74 billion
Price / Sales: 1.75
Cash Flow: $11.09 per share
Price / Cash Flow: 7.61
Book Value: $69.89 per share
Price / Book: 1.21

Miscellaneous

Outstanding Shares: 720,870,000
Free Float: 713,662,000
Market Cap: $60.82 billion
Optionable: Optionable
Beta: 1.16

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Key Executives

Mr. William Darryl White (Age 51)
CEO & Director
Comp: $3.24M

Mr. Tayfun Tuzun (Age 58)
Chief Financial Officer
Comp: $1.12M

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

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

Ms. Christine Viau
Head of Investor Relations

Ms. Sharon Marie Haward-Laird
Gen. Counsel

Ms. Kimberley Crews Goode
Chief Communications & Social Impact Officer

Ms. Catherine Margaret Roche
Head of Marketing & Strategy

Ms. Mona Malone
Chief HR Officer and Head of People & Culture

Mr. Richard D. Rudderham
Head of Bus. Tech. Integration & Interim Head of Ent. Initiatives, Infrastructure and Innovation

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

BMO Stock - Frequently Asked Questions

Should I buy or sell Bank of Montreal stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?: 4 brokers have issued twelve-month price objectives for Bank of Montreal's stock. Their BMO share price forecasts range from $113.00 to $131.00. On average, they expect the company's stock price to reach $122.00 in the next twelve months. This suggests a possible upside of 44.6% 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 stock has decreased by 6.9% and is now trading at $84.37.
View the best growth stocks for 2023 here.
Are investors shorting Bank of Montreal?: Bank of Montreal saw a increase in short interest during 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 trading volume of 558,100 shares, the days-to-cover ratio is presently 14.7 days. Currently, 1.2% of the company's stock 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 Thursday, December 7th 2023.
View our BMO earnings forecast.
How were Bank of Montreal's earnings last quarter?: Bank of Montreal (NYSE:BMO) announced its earnings results on Tuesday, August, 29th. The bank reported $2.08 EPS for the quarter, missing the consensus estimate of $2.28 by $0.20. The bank had revenue of $5.94 billion for the quarter. Bank of Montreal had a trailing twelve-month return on equity of 12.70% and a net margin of 11.19%.
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 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 5.26%. The ex-dividend date of this dividend is Friday, October 27th. This is a boost from the stock's previous quarterly dividend of $1.09.
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.

Is Bank of Montreal a good dividend stock?: Bank of Montreal (NYSE:BMO) pays an annual dividend of $4.44 per share and currently has a dividend yield of 5.22%. 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.
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 $84.37.
How much money does Bank of Montreal make?: Bank of Montreal (NYSE:BMO) has a market capitalization of $60.82 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.
How many employees does Bank of Montreal have?: The company employs 46,722 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.
Read More
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) 867-3996, via email at investor.relations@bmo.com, or via fax at 514-877-2150.

This page (NYSE:BMO) was last updated on 9/30/2023 by MarketBeat.com Staff

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