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T   17.60 (+0.28%)
F   13.28 (+1.68%)
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TSE:BMO

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

C$132.25
+1.48 (+1.13%)
(As of 04:15 PM ET)
Today's Range
C$130.67
C$132.68
50-Day Range
C$121.57
C$130.77
52-Week Range
C$102.67
C$132.68
Volume
2.13 million shs
Average Volume
2.75 million shs
Market Capitalization
C$95.94 billion
P/E Ratio
18.22
Dividend Yield
4.57%
Price Target
C$132.39

Bank of Montreal MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
0.1% Upside
C$132.39 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.06mentions of Bank of Montreal in the last 14 days
Based on 7 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.

3.07 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

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How to Invest in Canada for Beginners: Tips for Easy Investing (BMO)
If you are a Canadian citizen, let’s take a look at how to invest in Canada step by step. Learn why it’s worthwhile to tap into Canadian investments.
How to Invest in Canada for Beginners: Tips for Easy Investing (BMO)
If you are a Canadian citizen, let’s take a look at how to invest in Canada step by step. Learn why it’s worthwhile to tap into Canadian investments.
Buy Friday, Sell Monday, No Exceptions
Every week traders grind it out Monday through Friday… But neglect trading Friday to Monday… Or… “over the weekend” As one professional trader explains, trading over the weekend is one of the most forgiving strategies you can use today. It allows him to sidestep a lot of the midweek volatility. Yet, gives him the opportunity to target some of the markets biggest stock moves. Just recently, he posted a trade on Nordstrom… The trade was published at 3pm on a Friday afternoon and by Monday morning the trade more than doubled.
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
3/28/2024
Next Earnings (Estimated)
5/22/2024

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
+0.1%
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$551.21 per share
Book Value
C$101.95 per share

Miscellaneous

Free Float
N/A
Market Cap
C$95.97 billion
Optionable
Not Optionable
Beta
1.17
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Key Executives

  • Mr. William Darryl White (Age 52)
    CEO & Director
    Comp: $4.38M
  • Mr. Tayfun Tuzun (Age 59)
    Chief Financial Officer
    Comp: $1.52M
  • Mr. Steve Tennyson C.F.A.
    Chief Technology & Operations Officer
  • 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
    Head of Marketing & Strategy
  • 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
  • Mr. Michael E. Bonner
    Senior VP and Regional Head of BC & Yukon

Should I Buy Bank of Montreal Stock? BMO Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Bank of Montreal was last updated on Monday, March 25, 2024 at 11:44 AM.

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 products and services to cater to different customer needs.
  • The company operates through various segments, including Canadian and U.S. Personal & Commercial banking, BMO Wealth Management, and BMO Capital Markets, providing exposure to different areas of the financial industry.
  • Bank of Montreal offers personal banking products such as deposits, mortgages, credit cards, and investment advice, catering to individual customers' financial needs.
  • With a focus on risk management products, Bank of Montreal provides a secure environment for both individual and commercial customers, ensuring stability and reliability in its services.
  • Investors may find Bank of Montreal's current stock price attractive, potentially offering a favorable entry point for those looking to invest in a well-established financial institution.

Cons

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

  • While Bank of Montreal offers diversified services, exposure to a single financial institution may lack the diversification benefits that come with investing in multiple companies across different sectors.
  • Market conditions and regulatory changes can impact the financial services sector, potentially affecting Bank of Montreal's performance and profitability.
  • Fluctuations in interest rates and economic conditions can influence the banking industry, leading to uncertainties in Bank of Montreal's financial results.
  • Competitive pressures within the financial services sector may pose challenges for Bank of Montreal in terms of market share and profitability.
  • Investors should carefully consider their risk tolerance and investment goals before committing to Bank of Montreal, as with any investment in the financial sector.

BMO Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of Montreal stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last twelve months. There are currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 12-month target prices 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 share price to reach C$132.39 in the next year. This suggests a possible upside of 0.1% 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 2024?

Bank of Montreal's stock was trading at C$131.11 at the beginning of the year. Since then, BMO stock has increased by 0.9% and is now trading at C$132.29.
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) released its quarterly earnings data on Tuesday, February, 27th. The bank reported $2.56 earnings per share (EPS) 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 net margin of 17.71% and a trailing twelve-month return on equity of 7.28%.

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 Tuesday, February 27th. Shareholders of record on Monday, April 29th will be given a dividend of 1.51 per share on Tuesday, May 28th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend 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 4.65%. BMO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 83.20%. 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 3/28/2024 by MarketBeat.com Staff

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