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Bank of Montreal - BMO Stock Forecast, Price & News

$103.34
-0.57 (-0.55%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$101.98
$103.54
50-Day Range
$91.10
$110.30
52-Week Range
$90.44
$122.77
Volume
351,428 shs
Average Volume
781,166 shs
Market Capitalization
$69.70 billion
P/E Ratio
7.14
Dividend Yield
4.19%
Price Target
$157.58

Bank of Montreal MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
52.5% Upside
$157.58 Price Target
Short Interest
Bearish
1.43% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.32
Upright™ Environmental Score
News Sentiment
-0.13mentions of Bank of Montreal in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.55%
From $10.46 to $11.25 Per Share

Overall MarketRank

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

2.45 out of 5 stars

Finance Sector

333rd out of 926 stocks

Commercial Banks, Not Elsewhere Classified Industry

17th out of 34 stocks

BMO stock logo

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. It operates through approximately 900 bank branches and 3,300 automated banking machines in Canada and the United States. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BMO. Stifel Europe boosted their price objective on Bank of Montreal from C$157.00 to C$160.00 in a report on Thursday, May 26th. Credit Suisse Group began coverage on Bank of Montreal in a report on Friday, May 20th. They issued an "outperform" rating for the company. Desjardins lowered their target price on Bank of Montreal from C$159.00 to C$155.00 and set a "buy" rating for the company in a report on Friday, May 27th. BMO Capital Markets upped their target price on Bank of Montreal from C$155.00 to C$157.00 in a report on Thursday, May 26th. Finally, TD Securities reduced their price target on Bank of Montreal from C$160.00 to C$155.00 and set a "buy" rating for the company in a research report on Thursday, May 26th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.77.

Bank of Montreal Stock Down 1.0 %

NYSE:BMO traded down $1.07 during mid-day trading on Monday, hitting $102.84. 10,150 shares of the company's stock traded hands, compared to its average volume of 783,916. The company has a fifty day moving average of $98.48 and a 200 day moving average of $107.72. Bank of Montreal has a twelve month low of $90.44 and a twelve month high of $122.77. The company has a market capitalization of $69.36 billion, a P/E ratio of 7.18, a P/E/G ratio of 1.39 and a beta of 1.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98.

Bank of Montreal (NYSE:BMO - Get Rating) (TSE:BMO) last announced its quarterly earnings data on Wednesday, May 25th. The bank reported $2.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.12. The business had revenue of $9.32 billion for the quarter, compared to analyst estimates of $6.69 billion. Bank of Montreal had a return on equity of 17.05% and a net margin of 33.03%. The company's revenue was up 53.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.49 earnings per share. On average, analysts forecast that Bank of Montreal will post 10.46 EPS for the current year.

Bank of Montreal Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Tuesday, August 2nd will be paid a $1.081 dividend. This is an increase from Bank of Montreal's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Monday, August 1st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.20%. Bank of Montreal's dividend payout ratio is presently 30.06%.

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BMO Stock News Headlines

Nvidia Tumbles After PC Industry Slump Crushes Revenue
BMO Harris Bank To Raise Minimum Hourly Wage To $20
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BMO Company Calendar

Ex-Dividend for 5/26 Dividend
4/29/2022
Last Earnings
5/25/2022
Dividend Payable
5/26/2022
Ex-Dividend for 8/26 Dividend
8/01/2022
Today
8/15/2022
Dividend Payable
8/26/2022
Next Earnings (Confirmed)
8/30/2022
Fiscal Year End
10/31/2022

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Employees
43,863
Year Founded
1817

Price Target and Rating

Average Stock Price Forecast
$157.58
High Stock Price Forecast
$171.00
Low Stock Price Forecast
$144.00
Forecasted Upside/Downside
+52.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$6.17 billion
Pretax Margin
43.62%

Debt

Sales & Book Value

Annual Sales
$26.06 billion
Cash Flow
$11.51 per share
Book Value
$63.77 per share

Miscellaneous

Free Float
667,748,000
Market Cap
$69.70 billion
Optionable
Optionable
Beta
1.17

Social Links


Key Executives

  • Mr. William Darryl White (Age 50)
    CEO & Director
    Comp: $3.59M
  • Mr. Tayfun Tuzun (Age 57)
    Chief Financial Officer
    Comp: $5.55M
  • Mr. Cameron Fowler
    Chief Strategy & Operations Officer
  • Mr. Thomas Earl Flynn (Age 58)
    Vice Chairman
    Comp: $1.17M
  • Mr. David Robert Casper
    Group Head of North American Commercial Banking & CEO of BMO Financial Corp
  • Mr. Daniel Barclay
    CEO & Group Head of BMO Capital Markets
  • Mr. Steve Tennyson C.F.A.
    Chief Technology & Operations Officer
  • Ms. Sharon Marie Haward-Laird
    Gen. Counsel
  • Ms. Kimberley Crews Goode
    Chief Communications & Social Impact Officer
  • Ms. Catherine Margaret Roche
    Head of Marketing & Strategy













BMO Stock - Frequently Asked Questions

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

11 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 9 buy ratings for the stock. The consensus among Wall Street equities research 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 forecast for 2022?

11 Wall Street analysts have issued 12 month target prices for Bank of Montreal's shares. Their BMO share price forecasts range from $144.00 to $171.00. On average, they anticipate the company's stock price to reach $157.58 in the next year. This suggests a possible upside of 52.5% 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 2022?

Bank of Montreal's stock was trading at $107.72 at the start of the year. Since then, BMO stock has decreased by 4.1% and is now trading at $103.34.
View the best growth stocks for 2022 here
.

Are investors shorting Bank of Montreal?

Bank of Montreal saw a increase in short interest in July. As of July 31st, there was short interest totaling 9,670,000 shares, an increase of 34.7% from the July 15th total of 7,180,000 shares. Based on an average trading volume of 653,700 shares, the days-to-cover ratio is currently 14.8 days. Currently, 1.4% of the company's shares are short sold.
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 Tuesday, August 30th 2022.
View our BMO earnings forecast
.

How can I listen to Bank of Montreal's earnings call?

Bank of Montreal will be holding an earnings conference call on Tuesday, August 30th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "2979715 #".

How were Bank of Montreal's earnings last quarter?

Bank of Montreal (NYSE:BMO) posted its quarterly earnings data on Wednesday, May, 25th. The bank reported $2.55 EPS for the quarter, beating the consensus estimate of $2.43 by $0.12. The bank earned $9.32 billion during the quarter, compared to analysts' expectations of $6.69 billion. Bank of Montreal had a trailing twelve-month return on equity of 17.05% and a net margin of 33.03%. The company's revenue was up 53.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.49 earnings per share.

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 Wednesday, May 25th. Stockholders of record on Tuesday, August 2nd will be given a dividend of $1.081 per share on Friday, August 26th. This represents a $4.32 annualized dividend and a yield of 4.18%. The ex-dividend date is Monday, August 1st. This is an increase from the stock's previous quarterly dividend of $1.05.
Read our dividend analysis for BMO
.

Is Bank of Montreal a good dividend stock?

Bank of Montreal (NYSE:BMO) pays an annual dividend of $4.35 per share and currently has a dividend yield of 4.19%. 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 30.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMO will have a dividend payout ratio of 38.67% 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."

Who are Bank of Montreal's major shareholders?

Bank of Montreal's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include TD Asset Management Inc. (2.26%), Bank of Nova Scotia (1.75%), Mackenzie Financial Corp (1.67%), Toronto Dominion Bank (1.15%), Connor Clark & Lunn Investment Management Ltd. (0.81%) and Caisse DE Depot ET Placement DU Quebec (0.50%).

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 $103.34.

How much money does Bank of Montreal make?

Bank of Montreal (NYSE:BMO) has a market capitalization of $69.70 billion and generates $26.06 billion in revenue each year. The bank earns $6.17 billion in net income (profit) each year or $14.47 on an earnings per share basis.

How many employees does Bank of Montreal have?

The company employs 43,863 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
When was Bank of Montreal founded?

Bank of Montreal was founded in 1817.

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) 867-6785, via email at investor.relations@bmo.com, or via fax at 514-877-2150.

This page (NYSE:BMO) was last updated on 8/15/2022 by MarketBeat.com Staff

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