QQQ   433.33 (+0.53%)
AAPL   170.29 (-1.39%)
MSFT   418.22 (+1.11%)
META   503.70 (+0.69%)
GOOGL   155.58 (+0.46%)
AMZN   184.76 (+0.62%)
TSLA   157.72 (-2.33%)
NVDA   879.64 (+2.28%)
AMD   164.17 (+2.40%)
NIO   3.89 (+0.00%)
BABA   70.29 (-0.47%)
T   16.05 (-1.17%)
F   12.25 (+0.16%)
MU   121.94 (+0.47%)
GE   156.35 (+1.72%)
CGC   6.89 (-1.29%)
DIS   114.45 (+1.33%)
AMC   2.85 (+15.38%)
PFE   25.88 (-0.12%)
PYPL   64.13 (+0.98%)
XOM   118.93 (-0.63%)
QQQ   433.33 (+0.53%)
AAPL   170.29 (-1.39%)
MSFT   418.22 (+1.11%)
META   503.70 (+0.69%)
GOOGL   155.58 (+0.46%)
AMZN   184.76 (+0.62%)
TSLA   157.72 (-2.33%)
NVDA   879.64 (+2.28%)
AMD   164.17 (+2.40%)
NIO   3.89 (+0.00%)
BABA   70.29 (-0.47%)
T   16.05 (-1.17%)
F   12.25 (+0.16%)
MU   121.94 (+0.47%)
GE   156.35 (+1.72%)
CGC   6.89 (-1.29%)
DIS   114.45 (+1.33%)
AMC   2.85 (+15.38%)
PFE   25.88 (-0.12%)
PYPL   64.13 (+0.98%)
XOM   118.93 (-0.63%)
QQQ   433.33 (+0.53%)
AAPL   170.29 (-1.39%)
MSFT   418.22 (+1.11%)
META   503.70 (+0.69%)
GOOGL   155.58 (+0.46%)
AMZN   184.76 (+0.62%)
TSLA   157.72 (-2.33%)
NVDA   879.64 (+2.28%)
AMD   164.17 (+2.40%)
NIO   3.89 (+0.00%)
BABA   70.29 (-0.47%)
T   16.05 (-1.17%)
F   12.25 (+0.16%)
MU   121.94 (+0.47%)
GE   156.35 (+1.72%)
CGC   6.89 (-1.29%)
DIS   114.45 (+1.33%)
AMC   2.85 (+15.38%)
PFE   25.88 (-0.12%)
PYPL   64.13 (+0.98%)
XOM   118.93 (-0.63%)
QQQ   433.33 (+0.53%)
AAPL   170.29 (-1.39%)
MSFT   418.22 (+1.11%)
META   503.70 (+0.69%)
GOOGL   155.58 (+0.46%)
AMZN   184.76 (+0.62%)
TSLA   157.72 (-2.33%)
NVDA   879.64 (+2.28%)
AMD   164.17 (+2.40%)
NIO   3.89 (+0.00%)
BABA   70.29 (-0.47%)
T   16.05 (-1.17%)
F   12.25 (+0.16%)
MU   121.94 (+0.47%)
GE   156.35 (+1.72%)
CGC   6.89 (-1.29%)
DIS   114.45 (+1.33%)
AMC   2.85 (+15.38%)
PFE   25.88 (-0.12%)
PYPL   64.13 (+0.98%)
XOM   118.93 (-0.63%)
NYSE:BMO

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

$91.27
-1.48 (-1.60%)
(As of 02:15 PM ET)
Today's Range
$90.84
$92.48
50-Day Range
$89.53
$98.37
52-Week Range
$73.98
$100.12
Volume
407,087 shs
Average Volume
675,980 shs
Market Capitalization
$66.56 billion
P/E Ratio
17.42
Dividend Yield
3.56%
Price Target
$131.00

Bank of Montreal MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
43.5% Upside
$131.00 Price Target
Short Interest
Healthy
0.72% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.32
Upright™ Environmental Score
News Sentiment
1.30mentions of Bank of Montreal in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.97%
From $8.94 to $10.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.84 out of 5 stars

Finance Sector

68th out of 854 stocks

Commercial Banks, Not Elsewhere Classified Industry

1st 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. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products. It also offers investing, banking, and wealth management advisory; digital investing services; financial solutions for individuals, families, and businesses; provides investment management services to institutional, retail, and high net worth investors; and diversified insurance, and wealth and pension de-risking solutions. In addition, the company provides individual life, critical illness and annuity products, as well as segregated funds, and group creditor and travel insurance to customers; debt and equity capital-raising, loan origination and syndication, balance sheet management, treasury management, mergers and acquisitions advice, restructurings and recapitalizations, trade finance, and risk mitigation services, as well as a range of banking and other operating services. Further, the company offers research and access to financial markets for institutional, corporate and retail clients through an integrated suite of sales and trading solutions related to debt, foreign exchange, interest rates, credit, equities, securitization, and commodities; provides new product development and origination services, as well as risk management and advisory services for hedging strategies, including in interest rates, foreign exchange rates and commodities prices; and funding and liquidity management services. The company was founded in 1817 and is headquartered in Montreal, Canada.

BMO Stock Price History

BMO Stock News Headlines

Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
BMO Celebrates International Women's Day
Bank of Montreal cuts exposure to ultra-long mortgages
BMO Misses on Capital Markets, Higher Loan-Loss Provisions
BMO Financial Group Declares Dividends
See More Headlines
Receive BMO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Bank of Montreal and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 2/27 Dividend
1/29/2024
Last Earnings
2/27/2024
Dividend Payable
2/27/2024
Today
4/16/2024
Ex-Dividend for 5/28 Dividend
4/26/2024
Next Earnings (Estimated)
5/22/2024
Dividend Payable
5/28/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Employees
56,000
Year Founded
1817

Price Target and Rating

Average Stock Price Target
$131.00
High Stock Price Target
$131.00
Low Stock Price Target
$131.00
Potential Upside/Downside
+41.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$3.24 billion
Pretax Margin
9.42%

Debt

Sales & Book Value

Annual Sales
$50.48 billion
Cash Flow
$11.03 per share
Book Value
$72.06 per share

Miscellaneous

Free Float
721,957,000
Market Cap
$67.63 billion
Optionable
Optionable
Beta
1.13

Social Links

10 Best Stocks to Own in 2024 Cover

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.

Get This Free Report

Key Executives

  • Mr. William Darryl WhiteMr. William Darryl White (Age 52)
    CEO & Director
    Comp: $2.84M
  • Mr. Tayfun Tuzun (Age 59)
    Chief Financial Officer
    Comp: $1.16M
  • Mr. Steve Tennyson C.F.A.
    Chief Technology & Operations Officer
  • Ms. Erminia Johannson
    Group Head of North American Personal & Business Banking
  • 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
    Chief Marketing Officer
  • 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

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

Pros

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

  • Bank of Montreal has a strong market capitalization of $69.64 billion, indicating stability and size in the market.
  • The company offers a diverse range of financial services, including personal banking, commercial banking, wealth management, and capital markets, providing investors with exposure to various sectors of the financial industry.
  • Bank of Montreal has a competitive P/E ratio of 18.25, suggesting potential undervaluation compared to industry peers.
  • The bank's return on equity of 11.89% showcases efficient use of shareholder equity to generate profits.
  • Recent price performance shows resilience with a 12-month high of $100.12, indicating positive momentum in the stock.

Cons

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

  • Bank of Montreal reported earnings per share of $1.90 for the last quarter, missing the consensus estimate of $2.24, potentially signaling challenges in meeting earnings expectations.
  • The company's revenue of $5.68 billion in the last quarter fell short of analyst estimates of $6.34 billion, indicating a possible revenue growth slowdown.
  • Bank of Montreal's debt-to-equity ratio of 0.12 may raise concerns about the company's leverage and financial risk management.
  • The stock's beta of 1.12 suggests higher volatility compared to the market average, which could lead to fluctuations in share price.
  • Institutional investors own a significant portion (43.89%) of the company's stock, potentially impacting individual investor influence on company decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Bank of Montreal pros and cons to contact@marketbeat.com.

BMO Stock Analysis - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

4 Wall Street analysts have issued 12 month price targets for Bank of Montreal's shares. Their BMO share price targets range from $131.00 to $131.00. On average, they anticipate the company's stock price to reach $131.00 in the next year. This suggests a possible upside of 43.5% 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 2024?

Bank of Montreal's stock was trading at $98.94 at the beginning of 2024. Since then, BMO shares have decreased by 7.7% and is now trading at $91.32.
View the best growth stocks for 2024 here
.

Are investors shorting Bank of Montreal?

Bank of Montreal saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 5,240,000 shares, a decline of 17.7% from the March 15th total of 6,370,000 shares. Based on an average daily volume of 673,200 shares, the short-interest ratio is presently 7.8 days. Approximately 0.7% 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 Wednesday, May 22nd 2024.
View our BMO earnings forecast
.

How were Bank of Montreal's earnings last quarter?

Bank of Montreal (NYSE:BMO) released its quarterly earnings data on Tuesday, February, 27th. The bank reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by $0.34. The bank earned $5.68 billion during the quarter, compared to the consensus estimate of $6.34 billion. Bank of Montreal had a trailing twelve-month return on equity of 11.89% and a net margin of 7.40%.

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

Bank of Montreal announced a quarterly dividend on Wednesday, February 28th. Stockholders of record on Monday, April 29th will be paid a dividend of $1.1172 per share on Tuesday, May 28th. This represents a $4.47 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Friday, April 26th. This is a boost 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 $3.25 per share and currently has a dividend yield of 3.49%. The dividend payout ratio is 62.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMO will have a dividend payout ratio of 32.47% 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).

Who are Bank of Montreal's major shareholders?

Bank of Montreal's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.17%), Addenda Capital Inc. (0.12%), ST Germain D J Co. Inc. (0.01%), Nexus Investment Management ULC (0.00%), Ignite Planners LLC (0.00%) and GoalVest Advisory LLC (0.00%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 4/16/2024 by MarketBeat.com Staff

From Our Partners