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T   16.33 (+1.30%)
F   12.06 (+0.17%)
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TSE:BMO

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

C$125.36
+0.09 (+0.07%)
(As of 04:00 PM ET)
Today's Range
C$124.44
C$126.38
50-Day Range
C$121.57
C$133.53
52-Week Range
C$102.67
C$133.95
Volume
1.88 million shs
Average Volume
2.64 million shs
Market Capitalization
C$90.94 billion
P/E Ratio
17.24
Dividend Yield
4.82%
Price Target
C$132.39

Bank of Montreal MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
6.0% Upside
C$132.39 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.58mentions of Bank of Montreal in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$678,518 Sold Last Quarter
Proj. Earnings Growth
N/A

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.

2.56 out of 5 stars

BMO stock logo

About Bank of Montreal Stock (TSE: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

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Bank of Montreal (BMO) Q1 2024 Earnings Call Transcript
See More Headlines
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Company Calendar

Ex-Dividend for 2/27 Dividend
1/29/2024
Last Earnings
2/27/2024
Dividend Payable
2/27/2024
Today
4/18/2024
Ex-Dividend for 5/28 Dividend
4/26/2024
Next Earnings (Estimated)
5/22/2024
Dividend Payable
5/28/2024

Industry, Sector and Symbol

Industry
Banks - Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
55,767
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$132.39
High Stock Price Target
C$145.00
Low Stock Price Target
C$120.00
Potential Upside/Downside
+5.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
14 Analysts

Profitability

Net Income
C$5.19 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$31.18 billion
Cash Flow
C$523.54 per share
Book Value
C$101.95 per share

Miscellaneous

Free Float
N/A
Market Cap
C$91.15 billion
Optionable
Not Optionable
Beta
1.18
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Key Executives

  • Mr. William Darryl White (Age 52)
    CEO & Director
    Comp: $3.86M
  • Mr. Tayfun Tuzun (Age 59)
    Chief Financial Officer
    Comp: $1.58M
  • 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 provides diversified financial services primarily in North America, offering a wide range of banking and investment products.
  • The company has a long history, founded in 1817, showcasing stability and experience in the financial industry.
  • Bank of Montreal operates through various segments, including Canadian and U.S. personal and commercial banking, wealth management, and capital markets, providing exposure to different sectors.
  • The company offers digital investing services, catering to the growing trend of online financial management and investing.
  • Investors may find the current stock price of Bank of Montreal attractive, potentially offering a good entry point for investment.

Cons

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

  • Bank of Montreal faces competition in the financial services sector, which could impact its market share and profitability.
  • The company's exposure to economic fluctuations in North America may pose risks during uncertain economic times.
  • Regulatory changes in the financial industry could affect Bank of Montreal's operations and profitability.
  • Investors should consider the impact of interest rate changes on the company's financial performance and stock value.
  • Market volatility and geopolitical events can influence the stock price of Bank of Montreal, requiring investors to monitor external factors closely.
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 Wednesday, April 10, 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?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last year. There are currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BMO shares.
View BMO analyst ratings
or view top-rated stocks.

What is Bank of Montreal's stock price target for 2024?

14 brokers have issued 12 month price targets for Bank of Montreal's stock. Their BMO share price targets range from C$120.00 to C$145.00. On average, they expect the company's stock price to reach C$132.39 in the next year. This suggests a possible upside of 6.0% 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 C$131.11 at the beginning of 2024. Since then, BMO stock has decreased by 4.7% and is now trading at C$124.90.
View the best growth stocks for 2024 here
.

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 (TSE:BMO) posted its earnings results on Tuesday, February, 27th. The bank reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.03 by $0.47. The bank had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $8.57 billion. Bank of Montreal had a trailing twelve-month return on equity of 7.28% and a net margin of 17.71%.

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 Friday, April 26th. Investors of record on Monday, April 29th will be paid a dividend of 1.51 per share on Tuesday, May 28th. This represents a $6.04 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Friday, April 26th.
Read our dividend analysis for BMO
.

Is Bank of Montreal a good dividend stock?

Bank of Montreal (TSE:BMO) pays an annual dividend of C$6.04 per share and currently has a dividend yield of 4.71%. BMO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 83.08%. Payout ratios above 75% are not desirable because they may not be sustainable.
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 Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), Enbridge (ENB), Canadian Imperial Bank of Commerce (CM), BCE (BCE), Suncor Energy (SU), Manulife Financial (MFC), TELUS (T) and Fortis (FTS).

How do I buy shares of Bank of Montreal?

Shares of BMO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:BMO) was last updated on 4/18/2024 by MarketBeat.com Staff

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