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 twelve months. 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 brokerages have issued twelve-month price objectives for Bank of Montreal's stock. Their BMO share price forecasts range from C$121.50 to C$160.00. On average, they expect the company's stock price to reach C$135.91 in the next year. This suggests a possible upside of 16.8% 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 C$122.66 at the start of the year. Since then, BMO stock has decreased by 5.2% and is now trading at C$116.34.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023.
View our BMO earnings forecast.

Bank of Montreal (TSE:BMO) posted its quarterly earnings data on Wednesday, May, 24th. The bank reported $1.92 EPS for the quarter, missing analysts' consensus estimates of $1.94 by $0.02. The bank had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.44 billion. Bank of Montreal had a net margin of 40.56% and a trailing twelve-month return on equity of 21.06%.

Bank of Montreal announced a quarterly dividend on Wednesday, May 24th. Investors of record on Friday, July 28th will be paid a dividend of 1.47 per share on Monday, August 28th. This represents a $5.88 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Thursday, July 27th. This is a boost from the stock's previous quarterly dividend of C$1.43.
Read our dividend analysis for BMO.

Bank of Montreal (TSE:BMO) pays an annual dividend of C$5.72 per share and currently has a dividend yield of 4.23%. BMO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 28.61%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BMO.

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).

Bank of Montreal trades on the Toronto Stock Exchange (TSX) under the ticker symbol "BMO."

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.
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One share of BMO stock can currently be purchased for approximately C$116.34.

Bank of Montreal (TSE:BMO) has a market capitalization of C$81.82 billion and generates C$33.38 billion in revenue each year. The bank earns C$13.31 billion in net income (profit) each year or C$19.99 on an earnings per share basis.

The company employs 43,863 workers across the globe.

Bank of Montreal's mailing address is Stn 1st Can Place PO Box 1, TORONTO, ON M5X 1A1, Canada. The official website for the company is www.bmo.com. The bank can be reached via phone at +1-416-8677191.