TSE:BMO

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

C$116.58

-1.75 (-1.48%)

(As of 09/21/2023 ET)

Compare

Today's Range: C$116.57
▼
C$118.14
50-Day Range: C$111.32
▼
C$123.65
52-Week Range: C$111.18
▼
C$137.64

Volume: 1.33 million shs
Average Volume: 2.27 million shs
Market Capitalization: C$83.55 billion

P/E Ratio: 11.50
Dividend Yield: 5.04%
Price Target: C$132.85

Bank of Montreal MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 14.0% Upside
C$132.85 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.12
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.12 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Bank of Montreal has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$132.85, Bank of Montreal has a forecasted upside of 14.0% from its current price of C$116.58.
Amount of Analyst Coverage
Bank of Montreal has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for BMO.

2.5

Dividend Strength

Dividend Leadership
Bank of Montreal is a leading dividend payer. It pays a dividend yield of 4.88%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Bank of Montreal does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Bank of Montreal is 57.99%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BMO.

1.0

News and Social Media Coverage

News Sentiment
Bank of Montreal has a news sentiment score of -0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Bank of Montreal this week, compared to 4 articles on an average week.
Search Interest
Only 37 people have searched for BMO on MarketBeat in the last 30 days. This is a decrease of -31% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Bank of Montreal to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of Montreal insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.03% of the stock of Bank of Montreal is held by insiders.
Percentage Held by Institutions
52.00% of the stock of Bank of Montreal is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of Montreal is 11.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of Montreal is 11.50, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 246.23.
Price to Earnings Growth Ratio
Bank of Montreal has a PEG Ratio of 1.49. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of Montreal has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Bank of Montreal (TSE: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. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.

BMO Price History

30 days | 90 days | 365 days | Advanced Chart

BMO Stock News Headlines

September 20, 2023 | americanbankingnews.com

Bank of Montreal (TSE:BMO) Shares Cross Below 200 Day Moving Average of $118.71

September 19, 2023 | finance.yahoo.com

BMO and Tree Canada give urban tree cover a boost in cities across Canada on National Tree Day

September 22, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."

September 19, 2023 | finance.yahoo.com

After losing 2.1% in the past year, Bank of Montreal (TSE:BMO) institutional owners must be relieved by the recent gain

September 17, 2023 | ca.finance.yahoo.com

Bank of Montreal to close retail auto finance business, flags job losses

September 17, 2023 | finance.yahoo.com

Canadian lender BMO to wind down retail auto finance business

September 17, 2023 | finance.yahoo.com

UPDATE 1-Bank of Montreal to close retail auto finance business, flags job losses

September 15, 2023 | msn.com

Passive Income: Is BCE Stock or Bank of Montreal a Better Buy?

September 22, 2023 | Wall Street Fundamentals (Ad)

The "Plug and Play" Model Putting Online Giants to Shame

September 13, 2023 | americanbankingnews.com

CSFB Analysts Give Bank of Montreal (TSE:BMO) a C$128.00 Price Target

September 12, 2023 | markets.businessinsider.com

Credit Suisse Sticks to Their Buy Rating for Bank Of Montreal (BMO)

September 12, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Financial Stocks: State Street (STT) and Bank Of Montreal (BMO)

September 8, 2023 | finance.yahoo.com

BNY Mellon (BK) Launches Open Banking Payments Solution, Bankify

September 7, 2023 | finance.yahoo.com

Interactive Brokers (IBKR) Launches TBSZ Accounts in Hungary

September 4, 2023 | msn.com

HSBC-Royal Bank of Canada (RY) Deal Gets Competition Bureau Nod

September 2, 2023 | theglobeandmail.com

Closing Bell: Bank of Montreal Pref Ser 33 up on Friday (BMO-PR-Y)

August 31, 2023 | msn.com

Bank of Montreal announces subordinate note issue

August 30, 2023 | finance.yahoo.com

Bank of Montreal (NYSE:BMO) Q3 2023 Earnings Call Transcript

August 30, 2023 | finance.yahoo.com

Bank of Montreal (BMO) Q3 Earnings Decline Y/Y, Revenues Rise

August 30, 2023 | finanznachrichten.de

BMO Financial Group - Appointments: Hazel Claxton Appointed to Bank of Montreal Board of Directors

August 30, 2023 | finance.yahoo.com

Hazel Claxton Appointed to Bank of Montreal Board of Directors

August 29, 2023 | finance.yahoo.com

BMO: Bank of Montreal Earnings: Revenue Growth Still Slow, but Expense Picture Should Gradually Improve

August 29, 2023 | reuters.com

Bank of Montreal's quarterly profit falls on higher bad loan provisions

August 29, 2023 | seekingalpha.com

Bank of Montreal declares CAD 1.47 dividend

August 29, 2023 | financialpost.com

Bank of Montreal misses expectations on loan loss provisions, severance pay

August 29, 2023 | msn.com

Bank of Montreal profit falls on higher bad loan provisions

August 29, 2023 | theglobeandmail.com

Bank of Montreal posts higher third-quarter profit but misses forecasts as loan-loss provisions rise

See More Headlines

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BMO Company Calendar

Last Earnings: 5/24/2017
Ex-Dividend for 8/28 Dividend: 7/27/2023
Dividend Payable: 8/28/2023
Today: 9/22/2023
Next Earnings (Estimated): 12/07/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Banks—Diversified
Sub-Industry: N/A
Sector: Financial Services
Current Symbol: TSE:BMO
CUSIP: N/A
CIK: N/A
Web: www.bmo.com
Phone: +1-416-8677191
Fax: N/A
Employees: 46,722
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$132.85
High Stock Price Forecast: C$160.00
Low Stock Price Forecast: C$120.00
Forecasted Upside/Downside: +14.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.70
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$10.14
Trailing P/E Ratio: 11.50
Forward P/E Ratio: 8.95
P/E Growth: 1.49
Net Income: C$6.95 billion
Net Margins: 23.03%
Pretax Margin: N/A
Return on Equity: 10.26%
Return on Assets: 0.63%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: C$31.43 billion
Price / Sales: 2.66
Cash Flow: C$485.75 per share
Price / Cash Flow: 0.24
Book Value: C$98.89 per share
Price / Book: 1.18

Miscellaneous

Outstanding Shares: 716,670,000
Free Float: N/A
Market Cap: C$83.55 billion
Optionable: Optionable
Beta: 1.16

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Key Executives

Mr. William Darryl White (Age 51)
CEO & Director
Comp: $4.38M

Mr. Tayfun Tuzun (Age 58)
Chief Financial Officer
Comp: $1.52M

Mr. Daniel Barclay
CEO & Group Head of BMO Capital Markets

Mr. Steve Tennyson C.F.A.
Chief Technology & Operations Officer

Ms. Christine Viau
Head of Investor Relations

Ms. Sharon Marie Haward-Laird
Gen. Counsel

Ms. Kimberley Crews Goode
Chief Communications & Social Impact Officer

Ms. Catherine Margaret Roche
Head of Marketing & Strategy

Ms. Mona Malone
Chief HR Officer and Head of People & Culture

Mr. Richard D. Rudderham
Head of Bus. Tech. Integration & Interim Head of Ent. Initiatives, Infrastructure and Innovation

Key Competitors

View All Competitors

Insiders

Linda Susan Huber
Sold 500 shares
Total: C$43,780.00 ($87.56/share)

View All Insider Transactions

BMO Stock - Frequently Asked Questions

Should I buy or sell Bank of Montreal stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities 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 forecast for 2023?: 10 Wall Street analysts have issued 1 year price targets for Bank of Montreal's stock. Their BMO share price forecasts range from C$120.00 to C$160.00. On average, they expect the company's stock price to reach C$132.85 in the next year. This suggests a possible upside of 14.0% 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 2023?: Bank of Montreal's stock was trading at C$122.66 at the start of the year. Since then, BMO shares have decreased by 5.0% and is now trading at C$116.58.
View the best growth stocks for 2023 here.
When is Bank of Montreal's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our BMO earnings forecast.
How were Bank of Montreal's earnings last quarter?: Bank of Montreal (TSE:BMO) announced its quarterly earnings results on Wednesday, May, 24th. The bank reported $1.92 EPS for the quarter, missing the consensus estimate of $1.94 by $0.02. The bank had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.44 billion. Bank of Montreal had a net margin of 23.03% and a trailing twelve-month return on equity of 10.26%.
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 Tuesday, August 29th. Stockholders of record on Monday, October 30th will be given a dividend of 1.47 per share on Tuesday, November 28th. This represents a $5.88 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Friday, October 27th.
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$5.88 per share and currently has a dividend yield of 4.88%. BMO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 57.99%. This payout ratio is at a healthy, sustainable level, below 75%.
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).
What is Bank of Montreal's stock symbol?: Bank of Montreal trades on the Toronto Stock Exchange (TSX) under the ticker symbol "BMO."
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.
What is Bank of Montreal's stock price today?: One share of BMO stock can currently be purchased for approximately C$116.58.
How much money does Bank of Montreal make?: Bank of Montreal (TSE:BMO) has a market capitalization of C$83.55 billion and generates C$31.43 billion in revenue each year. The bank earns C$6.95 billion in net income (profit) each year or C$10.14 on an earnings per share basis.
How many employees does Bank of Montreal have?: The company employs 46,722 workers across the globe.
How can I contact Bank of Montreal?: 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.

This page (TSE:BMO) was last updated on 9/22/2023 by MarketBeat.com Staff

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

Bank of Montreal MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Bank of Montreal (TSE:BMO) Stock

BMO Price History

BMO Stock News Headlines

BMO Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

BMO Stock - Frequently Asked Questions

Overall MarketRank^™