NYSE:BMOBank of Montreal Stock Price, Forecast & News

Bank of Montreal's stock was trading at $52.66 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BMO shares have increased by 1.7% and is now trading at $53.58. View which stocks have been most impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last year. There are currently 1 sell rating, 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Bank of Montreal.

Bank of Montreal is scheduled to release its next quarterly earnings announcement on Tuesday, August 25th 2020. View our earnings forecast for Bank of Montreal.

Bank of Montreal (NYSE:BMO) announced its quarterly earnings results on Wednesday, May, 27th. The bank reported $1.04 EPS for the quarter, beating the consensus estimate of $0.94 by $0.10. The bank earned $5.46 billion during the quarter, compared to analyst estimates of $5.99 billion. Bank of Montreal had a return on equity of 11.85% and a net margin of 13.51%. The business's revenue was down 3.9% on a year-over-year basis. During the same period last year, the business earned $2.30 earnings per share. View Bank of Montreal's earnings history.

Bank of Montreal announced a quarterly dividend on Wednesday, May 27th. Shareholders of record on Tuesday, August 4th will be given a dividend of $0.76 per share on Wednesday, August 26th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date is Monday, August 3rd. View Bank of Montreal's dividend history.

12 analysts have issued 12-month price targets for Bank of Montreal's shares. Their forecasts range from $53.00 to $109.00. On average, they expect Bank of Montreal's stock price to reach $79.67 in the next year. This suggests a possible upside of 48.7% from the stock's current price. View analysts' price targets for Bank of Montreal.

News stories about BMO stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Bank of Montreal earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned news stories about the bank a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Bank of Montreal.

Bank of Montreal saw a increase in short interest in June. As of June 30th, there was short interest totaling 6,380,000 shares, an increase of 7.2% from the June 15th total of 5,950,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is presently 6.1 days. Approximately 1.0% of the shares of the stock are sold short. View Bank of Montreal's Current Options Chain.

Some companies that are related to Bank of Montreal include Royal Bank of Canada (RY), HDFC Bank (HDB), Toronto-Dominion Bank (TD), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Westpac Banking (WBK), Banco Santander (SAN), Sumitomo Mitsui Financial Grp (SMFG), ANZ (ANZBY), HANG SENG BK LT/S (HSNGY), ICICI Bank (IBN), Boc Hong Kong (BHKLY), Canadian Imperial Bank of Commerce (CM), NORDEA Bk AB SW/S (NRDBY) and CR AGRICOLE S A/ADR (CRARY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of Montreal investors own include Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), AutoCanada (ACQ), Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), AT&T (T) and Alibaba Group (BABA).

Bank of Montreal trades on the New York Stock Exchange (NYSE) under the ticker symbol "BMO."

Bank of Montreal's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.22%), Legacy Capital Partners Inc. (0.01%), Envestnet Asset Management Inc. (0.00%), Curbstone Financial Management Corp (0.00%), Nexus Investment Management ULC (0.00%) and Addenda Capital Inc. (0.00%).

BMO stock was sold by a variety of institutional investors in the last quarter, including Curbstone Financial Management Corp, Envestnet Asset Management Inc., Bogart Wealth LLC, and Legacy Capital Partners Inc..

BMO stock was purchased by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., Nexus Investment Management ULC, and Addenda Capital Inc..

Shares of BMO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of BMO stock can currently be purchased for approximately $53.58.

Bank of Montreal has a market capitalization of $34.45 billion and generates $29.16 billion in revenue each year. The bank earns $4.33 billion in net income (profit) each year or $7.10 on an earnings per share basis. Bank of Montreal employs 45,513 workers across the globe.

The official website for Bank of Montreal is www.bmo.com.

Bank of Montreal's mailing address is 100 King Street West 1 First Canadian Place, TORONTO A6, M5X 1A1. The bank can be reached via phone at 416-867-6785 or via email at [email protected]