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 year. 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 equities research analysts have issued 1 year target prices for Bank of Montreal's shares. Their BMO share price targets range from C$120.00 to C$145.00. On average, they anticipate the company's stock price to reach C$132.39 in the next twelve months. This suggests a possible upside of 5.6% 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 decreased by 4.4% and is now trading at C$125.36. 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) announced its quarterly earnings results 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 analysts' expectations 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 declared a quarterly dividend on Friday, April 26th. Shareholders 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 yield of 4.82%. 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 4.71%. 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 .

TSE:BMO

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

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Free BMO Stock Alerts

C$125.36

+0.09 (+0.07%)

(As of 04/18/2024 ET)

Compare

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

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Bank of Montreal alerts:

Bank of Montreal MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.93 Rating Score
Upside/Downside: 5.6% Upside
C$132.39 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.58
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.

2.55 out of 5 stars

2.5

Analyst's Opinion

Consensus Rating
Bank of Montreal has received a consensus rating of Moderate Buy. The company's average rating score is 2.93, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Bank of Montreal has been the subject of 7 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.

1.7

Dividend Strength

Dividend Leadership
Bank of Montreal is a leading dividend payer. It pays a dividend yield of 4.71%, 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 83.08%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

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

2.0

News and Social Media Coverage

News Sentiment
Bank of Montreal has a news sentiment score of 0.58. 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 news sentiment score is similar to the average news sentiment of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Bank of Montreal this week, compared to 4 articles on an average week.
Search Interest
41 people have searched for BMO on MarketBeat in the last 30 days. This is an increase of 3% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Bank of Montreal to their MarketBeat watchlist in the last 30 days. This is a decrease of -82% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of Montreal insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$678,518.00 in company stock.
Percentage Held by Insiders
Only 0.03% of the stock of Bank of Montreal is held by insiders.
Percentage Held by Institutions
53.78% 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.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of Montreal is 17.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of Montreal is 17.24, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 450.00.
Price to Earnings Growth Ratio
Bank of Montreal has a PEG Ratio of 0.54. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Bank of Montreal has a P/B Ratio of 1.23. 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

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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

30 days | 90 days | 365 days | Advanced Chart

BMO Stock News Headlines

March 28, 2024 | insidertrades.com

Insider Selling: Bank of Montreal (TSE:BMO) Senior Officer Sells 2,882 Shares of Stock

April 11, 2024 | financialpost.com

BMO drops anti-coal policy, avoids energy 'boycotter' label in West Virginia

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 11, 2024 | ca.finance.yahoo.com

Buy 50 Shares of This Super Dividend Stock for $302/Year in Passive Income

April 10, 2024 | americanbankingnews.com

Bank of Montreal (TSE:BMO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

April 9, 2024 | finance.yahoo.com

Bank of Montreal (TSE:BMO) is favoured by institutional owners who hold 51% of the company

April 8, 2024 | finance.yahoo.com

BMO Drops Anti-Coal Policy Amid Wall Street Rebuke of ESG

April 4, 2024 | msn.com

The stock market could face a near-term correction of as much as 12% before continuing its bull rally this summer, BofA says

April 18, 2024 | DTI (Ad)

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

April 4, 2024 | finance.yahoo.com

Record-High Gold Exports Drive Canada’s Trade Surplus Wider

April 4, 2024 | finance.yahoo.com

BMO Publishes an Updated Sustainable Bond Framework with Innovative Green, Social and Transition Financing Categories

April 3, 2024 | msn.com

Rising oil prices may affect timing of Bank of Canada rate cuts, economists say

April 3, 2024 | finance.yahoo.com

BMO Launches New Structured Outcome ETF, Now Trading on Cboe Canada

March 27, 2024 | msn.com

Viola society's bank account emptied of $16,000 by fraud artist

March 21, 2024 | finance.yahoo.com

BMO Receives Celent Award for Integration Excellence in Welcoming Nearly Two Million New Customers

March 20, 2024 | msn.com

Bank of Montreal backs StockPick with strategic investment

March 20, 2024 | finance.yahoo.com

Media Advisory - BMO's Chief Financial Officer, Tayfun Tuzun, to Speak at the National Bank Financial Services Conference

March 13, 2024 | finance.yahoo.com

Stock Rally Buoys Canada Household Net Worth, Housing Drags

March 7, 2024 | financialpost.com

BMO, CIBC and Scotiabank Executives Missed Bonus Targets in Rocky 2023

March 7, 2024 | newsweek.com

BMO Savings Account Interest Rates: March 2024

March 7, 2024 | finance.yahoo.com

Victoria’s Secret Shares Fall 30% in Faltering Turnaround

March 6, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Bank Of Montreal (BMO) and Synchrony Financial (SYF)

March 6, 2024 | finance.yahoo.com

Women are 12 Per Cent More Likely than Men to Feel Economic Pressures from Cost of Living and Inflation - BMO Survey

March 4, 2024 | finance.yahoo.com

BMO Named One of the World's Most Ethical Companies by Ethisphere

February 29, 2024 | seekingalpha.com

Bank of Montreal (BMO) Q1 2024 Earnings Call Transcript

February 29, 2024 | finance.yahoo.com

Bank of Montreal Announces AT1 Limited Recourse Capital Notes Issue

February 29, 2024 | finance.yahoo.com

Canada Economy Grows 1%, Giving Central Bank Time to Weigh Cuts

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Banks - Diversified
Sub-Industry: N/A
Current Symbol: TSE:BMO
CUSIP: N/A
CIK: N/A
Web: www.bmo.com
Phone: +1-416-8677191
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

EPS (Most Recent Fiscal Year): C$7.27
Trailing P/E Ratio: 17.28
Forward P/E Ratio: 11.04
P/E Growth: 0.54
Net Income: C$5.19 billion
Net Margins: 17.71%
Pretax Margin: N/A
Return on Equity: 7.28%
Return on Assets: 0.45%

Debt

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

Sales & Book Value

Annual Sales: C$31.18 billion
Price / Sales: 2.92
Cash Flow: C$523.54 per share
Price / Cash Flow: 0.24
Book Value: C$101.95 per share
Price / Book: 1.23

Miscellaneous

Outstanding Shares: 725,440,000
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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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 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 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 equities research analysts have issued 1 year target prices for Bank of Montreal's shares. Their BMO share price targets range from C$120.00 to C$145.00. On average, they anticipate the company's stock price to reach C$132.39 in the next twelve months. This suggests a possible upside of 5.6% 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 decreased by 4.4% and is now trading at C$125.36.
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) announced its quarterly earnings results 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 analysts' expectations 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 declared a quarterly dividend on Friday, April 26th. Shareholders 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 yield of 4.82%. 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 4.71%. 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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Bank of Montreal (BMO) Stock Price, News & Analysis

Bank of Montreal MarketRank™ Stock Analysis

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 Stock (TSE:BMO)

BMO Stock Price History

BMO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

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

Pros

Cons

BMO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™