Bank of Montreal - BMO Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BMO, but not buy additional shares or sell existing shares.
View BMO analyst ratings or view top-rated stocks.

7 equities research analysts have issued 1-year price objectives for Bank of Montreal's shares. Their BMO share price forecasts range from $147.50 to $171.00. On average, they anticipate the company's stock price to reach $155.75 in the next twelve months. This suggests a possible upside of 84.2% 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 shares have decreased by 6.7% and is now trading at $84.55.
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Bank of Montreal saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 6,670,000 shares, a decrease of 12.7% from the February 13th total of 7,640,000 shares. Based on an average daily trading volume, of 544,900 shares, the days-to-cover ratio is currently 12.2 days. Currently, 1.0% 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 Wednesday, May 24th 2023.
View our BMO earnings forecast.

Bank of Montreal (NYSE:BMO) issued its earnings results on Friday, December, 3rd. The bank reported $2.60 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.08. The bank had revenue of $6.57 billion for the quarter, compared to analysts' expectations of $6.66 billion. Bank of Montreal had a trailing twelve-month return on equity of 13.65% and a net margin of 22.13%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 earnings per share.

Bank of Montreal declared a quarterly dividend on Tuesday, February 28th. Stockholders of record on Friday, April 28th will be given a dividend of $1.075 per share on Friday, May 26th. This represents a $4.30 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Thursday, April 27th. This is a boost from the stock's previous quarterly dividend of $1.05.
Read our dividend analysis for BMO.

iShares GSCI Commodity Dynamic Roll Strategy ETF holds 10,000,000 shares of BMO stock, representing 1.05% of its portfolio.

Bank of Montreal (NYSE:BMO) pays an annual dividend of $4.21 per share and currently has a dividend yield of 4.92%. BMO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 34.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMO will have a dividend payout ratio of 40.25% 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 retail and institutional investors. Top institutional investors include TD Asset Management Inc (2.25%), Bank of Nova Scotia (1.86%), Mackenzie Financial Corp (1.78%), National Bank of Canada FI (1.51%), Toronto Dominion Bank (1.44%) and 1832 Asset Management L.P. (1.35%).

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 $84.55.

Bank of Montreal (NYSE:BMO) has a market capitalization of $60.28 billion and generates $34.74 billion in revenue each year. The bank earns $10.52 billion in net income (profit) each year or $12.26 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) 867-6785, via email at investor.relations@bmo.com, or via fax at 514-877-2150.