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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating 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.

4 brokerages have issued 1-year price targets for Bank of Montreal's stock. Their BMO share price forecasts range from $147.50 to $151.00. On average, they expect the company's stock price to reach $149.50 in the next twelve months. This suggests a possible upside of 73.8% 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 on January 1st, 2023. Since then, BMO stock has decreased by 5.1% and is now trading at $86.02.
View the best growth stocks for 2023 here.

Bank of Montreal saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 11,980,000 shares, a drop of 39.2% from the April 30th total of 19,700,000 shares. Based on an average daily trading volume, of 622,100 shares, the days-to-cover ratio is presently 19.3 days. Currently, 1.7% of the company's shares are short sold.
View Bank of Montreal's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023.
View our BMO earnings forecast.

Bank of Montreal (NYSE:BMO) announced its quarterly earnings data on Friday, December, 3rd. The bank reported $2.60 earnings per share (EPS) 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 the consensus estimate of $6.66 billion. Bank of Montreal had a net margin of 12.83% and a trailing twelve-month return on equity of 13.14%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 earnings per share.

Bank of Montreal declared a quarterly dividend on Wednesday, May 24th. Shareholders of record on Friday, July 28th will be paid a dividend of $1.085 per share on Monday, August 28th. This represents a $4.34 annualized dividend and a yield of 5.05%. The ex-dividend date is Thursday, July 27th. This is an increase from the stock's previous quarterly dividend of $1.08.
Read our dividend analysis for BMO.

ETFs with the largest weight of Bank of Montreal (NYSE:BMO) stock in their portfolio include iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT),

Bank of Montreal (NYSE:BMO) pays an annual dividend of $4.23 per share and currently has a dividend yield of 4.87%. 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 55.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMO will have a dividend payout ratio of 43.08% 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 institutional and retail investors. Top institutional shareholders include Mackenzie Financial Corp (1.76%), Toronto Dominion Bank (1.73%), National Bank of Canada FI (1.69%), 1832 Asset Management L.P. (1.33%), CIBC Asset Management Inc (1.19%) and FIL Ltd (0.83%).

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 $86.02.

Bank of Montreal (NYSE:BMO) has a market capitalization of $61.35 billion and generates $34.74 billion in revenue each year. The bank earns $10.52 billion in net income (profit) each year or $7.59 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.