Free Trial

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

$82.33
-0.64 (-0.77%)
(As of 09/6/2024 ET)
Today's Range
$81.69
$83.33
50-Day Range
$79.10
$88.78
52-Week Range
$73.98
$100.12
Volume
1.21 million shs
Average Volume
875,863 shs
Market Capitalization
$60.04 billion
P/E Ratio
13.68
Dividend Yield
5.45%
Price Target
$119.75

Bank of Montreal MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
45.5% Upside
$119.75 Price Target
Short Interest
Healthy
0.88% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.32
Upright™ Environmental Score
News Sentiment
0.18mentions of Bank of Montreal in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.56%
From $8.06 to $8.75 Per Share

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.

4.94 out of 5 stars

Finance Sector

14th out of 871 stocks

Commercial Banks, Not Elsewhere Classified Industry

1st out of 32 stocks

BMO stock logo

About Bank of Montreal Stock (NYSE: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

The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Bank of Montreal (NYSE:BMO) Lowered to Sell at StockNews.com
The solution to fast food’s wage hike crisis
Shake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.
Bank of Montreal (NYSE:BMO) Stock Rating Lowered by Scotiabank
Desjardins Sticks to Their Hold Rating for Bank Of Montreal (BMO)
See More Headlines
Receive BMO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Bank of Montreal and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 8/27 Dividend
7/30/2024
Last Earnings
8/27/2024
Dividend Payable
8/27/2024
Today
9/07/2024
Fiscal Year End
10/31/2024
Next Earnings (Estimated)
12/06/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Employees
56,000
Year Founded
1817

Price Target and Rating

Average Stock Price Target
$119.75
High Stock Price Target
$126.00
Low Stock Price Target
$112.00
Potential Upside/Downside
+45.5%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$3.24 billion
Pretax Margin
11.13%

Debt

Sales & Book Value

Annual Sales
$33.94 billion
Cash Flow
$10.89 per share
Book Value
$74.55 per share

Miscellaneous

Free Float
721,992,000
Market Cap
$60.04 billion
Optionable
Optionable
Beta
1.11

Social Links

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

  • Mr. William Darryl WhiteMr. William Darryl White (Age 52)
    CEO & Director
    Comp: $2.81M
  • Mr. Tayfun Tuzun (Age 59)
    Chief Financial Officer
    Comp: $1.15M
  • 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

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's stock price is currently trading at a discount compared to its 52-week high, potentially offering a good entry point for investors.
  • The company has a strong track record of dividend payments, providing investors with a reliable income stream.
  • Bank of Montreal has a solid financial position with a low debt-to-equity ratio, indicating stability and financial health.
  • Recent Wall Street analyst reports have shown a positive outlook on Bank of Montreal, with a consensus price target indicating potential growth.
  • Institutional investors like Vanguard Group Inc. have been increasing their stake in Bank of Montreal, signaling confidence in the company's future performance.

Cons

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

  • Bank of Montreal recently reported earnings below analyst estimates, which could lead to short-term volatility in the stock price.
  • The company's stock has a beta of 1.12, indicating higher volatility compared to the market average, which may not be suitable for all investors.
  • Bank of Montreal's stock has been trading below its 50-day and 200-day moving averages, suggesting a potential downtrend in the short to medium term.
  • There have been analyst downgrades on Bank of Montreal, with some firms revising their ratings from "buy" to "hold" or "market perform," reflecting concerns about future performance.
  • Despite recent institutional investor interest, the overall market sentiment towards Bank of Montreal may be cautious due to recent financial performance metrics.
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 Tuesday, August 13, 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

How have BMO shares performed this year?

Bank of Montreal's stock was trading at $98.94 at the start of the year. Since then, BMO shares have decreased by 16.8% and is now trading at $82.33.
View the best growth stocks for 2024 here
.

How were Bank of Montreal's earnings last quarter?

Bank of Montreal (NYSE:BMO) posted its earnings results on Tuesday, August, 27th. The bank reported $2.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.76 by $0.12. The business's quarterly revenue was up .2% on a year-over-year basis.

Does Bank of Montreal have any subsidiaries?

The following companies are subsidiaries of Bank of Montreal: Bank of The West, Clearpool Group, KGS-Alpha Capital Markets, Greene Holcomb Fisher, F&C Asset Management, CTC Consulting LLC, Marshall & Ilsley Corporation, and more.

Who are Bank of Montreal's major shareholders?

Top institutional shareholders of Bank of Montreal include TD Asset Management Inc (2.57%), National Bank of Canada FI (2.02%), Mackenzie Financial Corp (1.57%) and Toronto Dominion Bank (1.41%).

How do I buy shares of Bank of Montreal?

Shares of BMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Bank of Montreal own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bank of Montreal investors own include Intact Financial (IFC), Constellation Software (CSU), AbbVie (ABBV), Alimentation Couche-Tard (ATD.B), Toronto-Dominion Bank (TD), Royal Bank of Canada (RY) and AutoCanada (ACQ).

This page (NYSE:BMO) was last updated on 9/7/2024 by MarketBeat.com Staff

From Our Partners