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TSE:BMO

Bank of Montreal - BMO Stock Forecast, Price & News

C$135.04
+1.68 (+1.26%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
C$132.95
C$135.32
50-Day Range
C$119.35
C$136.81
52-Week Range
C$118.79
C$154.47
Volume
3.20 million shs
Average Volume
2.43 million shs
Market Capitalization
C$91.08 billion
P/E Ratio
7.41
Dividend Yield
4.17%
Price Target
C$146.50
BMO stock logo

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. It operates through approximately 900 bank branches and 3,300 automated banking machines in Canada and the United States. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.

Bank of Montreal Trading Up 0.5 %

Shares of BMO Stock opened at C$133.36 on Tuesday. Bank of Montreal has a 1-year low of C$118.79 and a 1-year high of C$154.47. The company has a market capitalization of C$89.95 billion and a price-to-earnings ratio of 7.32. The stock's fifty day simple moving average is C$126.76 and its 200-day simple moving average is C$137.36.

Bank of Montreal (TSE:BMO - Get Rating) (NYSE:BMO) last issued its quarterly earnings results on Wednesday, May 25th. The bank reported C$3.23 earnings per share for the quarter, beating analysts' consensus estimates of C$3.12 by C$0.11. The business had revenue of C$9.32 billion for the quarter, compared to analysts' expectations of C$6.66 billion. On average, sell-side analysts predict that Bank of Montreal will post 14.3899996 EPS for the current year.

Bank of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Tuesday, August 2nd will be issued a dividend of $1.39 per share. This is an increase from Bank of Montreal's previous quarterly dividend of $1.33. The ex-dividend date of this dividend is Friday, July 29th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 4.17%. Bank of Montreal's payout ratio is currently 26.23%.

Analysts Set New Price Targets

Several analysts have weighed in on BMO shares. Fundamental Research reaffirmed a "buy" rating and set a C$156.00 target price on shares of Bank of Montreal in a research note on Wednesday, June 8th. Canaccord Genuity Group lifted their target price on Bank of Montreal from C$155.00 to C$157.00 in a research note on Thursday, May 26th. Scotiabank lifted their target price on Bank of Montreal from C$158.00 to C$159.00 in a research note on Thursday, May 26th. Keefe, Bruyette & Woods cut their target price on Bank of Montreal from C$160.00 to C$146.00 in a research note on Monday, August 8th. Finally, CIBC dropped their price objective on Bank of Montreal from C$150.00 to C$142.00 in a research note on Tuesday, May 17th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Bank of Montreal presently has an average rating of "Moderate Buy" and an average target price of C$146.71.

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BMO Stock News Headlines

Bank of Montreal Pref Ser 33 stock dipped on Friday.
BMO Named Among Canada's Best 50 Corporate Citizens
Alphonso Davies Joins Team BMO
See More Headlines
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BMO Company Calendar

Ex-Dividend for 5/26 Dividend
4/29/2022
Last Earnings
5/25/2022
Dividend Payable
5/26/2022
Ex-Dividend for 8/26 Dividend
7/29/2022
Today
8/16/2022
Dividend Payable
8/26/2022
Next Earnings (Confirmed)
8/30/2022

Industry, Sector and Symbol

Industry
Money Center Banks
Sub-Industry
N/A
Sector
Finance
CIK
N/A
Fax
N/A
Employees
43,863
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$145.94
High Stock Price Forecast
C$164.00
Low Stock Price Forecast
C$34.00
Forecasted Upside/Downside
+8.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$31.37 billion
Cash Flow
C$500.15 per share
Book Value
C$93.13 per share

Miscellaneous

Free Float
N/A
Market Cap
C$91.08 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. William Darryl White (Age 50)
    CEO & Director
    Comp: $4.64M
  • Mr. Tayfun Tuzun (Age 57)
    Chief Financial Officer
    Comp: $7.17M
  • Mr. Cameron Fowler
    Chief Strategy & Operations Officer
  • Mr. Thomas Earl Flynn (Age 58)
    Vice Chairman
    Comp: $1.51M
  • Mr. David Robert Casper
    Group Head of North American Commercial Banking & CEO of BMO Financial Corp
  • Mr. Daniel Barclay
    CEO & Group Head of BMO Capital Markets
  • Mr. Steve Tennyson C.F.A.
    Chief Technology & Operations Officer
  • Ms. Sharon Marie Haward-Laird
    Gen. Counsel
  • Ms. Kimberley Crews Goode
    Chief Communications & Social Impact Officer
  • Ms. Catherine Margaret Roche
    Head of Marketing & Strategy













BMO Stock - 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 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BMO shares.
View BMO analyst ratings
or view top-rated stocks.

What is Bank of Montreal's stock price forecast for 2022?

14 brokerages have issued 1-year price objectives for Bank of Montreal's shares. Their BMO share price forecasts range from C$34.00 to C$164.00. On average, they expect the company's stock price to reach C$145.94 in the next twelve months. This suggests a possible upside of 8.1% 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 2022?

Bank of Montreal's stock was trading at C$136.19 at the start of the year. Since then, BMO stock has decreased by 0.8% and is now trading at C$135.04.
View the best growth stocks for 2022 here
.

When is Bank of Montreal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 30th 2022.
View our BMO earnings forecast
.

How were Bank of Montreal's earnings last quarter?

Bank of Montreal (TSE:BMO) issued its quarterly earnings results on Wednesday, May, 25th. The bank reported $3.23 EPS for the quarter, beating analysts' consensus estimates of $3.12 by $0.11. The bank had revenue of $9.32 billion for the quarter, compared to analyst estimates of $6.66 billion.

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 Wednesday, May 25th. Stockholders of record on Tuesday, August 2nd will be given a dividend of 1.39 per share on Friday, August 26th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Friday, July 29th. This is an increase from the stock's previous quarterly dividend of C$1.33.
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$4.78 per share and currently has a dividend yield of 4.17%. BMO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 26.23%. 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$135.04.

How much money does Bank of Montreal make?

Bank of Montreal (TSE:BMO) has a market capitalization of C$91.08 billion and generates C$31.37 billion in revenue each year.

How many employees does Bank of Montreal have?

The company employs 43,863 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 8/16/2022 by MarketBeat.com Staff

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