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

Company Overview

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.

Key Stats

• Today's Range: C$127.00 to C$128.02
• 50-Day Range: C$110.37 to C$129.98
• 52-Week Range: C$103.40 to C$133.95
• Volume: 327,074 shs
• Average Volume: 2.83 million shs
• Market Capitalization: C$93.20 billion
• P/E Ratio: 14.70
• Dividend Yield: 4.85%
• Price Target: C$120.77
• Consensus Rating: Hold

Bank of Montreal Stock Analysis - MarketRank™

Bank of Montreal scored higher than 64% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Bank of Montreal has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 5 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Bank of Montreal has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Bank of Montreal is 14.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.81.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bank of Montreal is 14.91, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 420.96.

Price to Earnings Growth Ratio

Bank of Montreal has a PEG Ratio of 0.71. 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.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for BMO.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Bank of Montreal is a leading dividend payer. It pays a dividend yield of 4.85%, 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 71.35%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for BMO.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.49

News Sentiment

Bank of Montreal has a news sentiment score of 0.49. 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 0.64 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Bank of Montreal this week, compared to 3 articles on an average week.

Search Interest

Only 41 people have searched for BMO on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.

MarketBeat Follows

10 people have added Bank of Montreal to their MarketBeat watchlist in the last 30 days. This is an increase of 43% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

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$2,448,985.00 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

55.27% 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.

BMO Stock Analysis - Frequently Asked Questions

How have BMO shares performed this year?

Bank of Montreal's stock was trading at C$131.11 at the beginning of the year. Since then, BMO shares have decreased by 1.2% and is now trading at C$129.54.
View the best growth stocks for 2024 here.

How were Bank of Montreal's earnings last quarter?

Bank of Montreal (TSE:BMO) released its quarterly earnings data on Tuesday, August, 27th. The bank reported $2.64 EPS for the quarter, missing analysts' consensus estimates of $2.72 by $0.08. The bank had revenue of $8.19 billion for the quarter, compared to analysts' expectations of $8.23 billion. Bank of Montreal had a net margin of 21.20% and a trailing twelve-month return on equity of 8.49%.

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 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 Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), Enbridge (ENB), Canadian Imperial Bank of Commerce (CM), BCE (BCE) and TELUS (T).

Company Calendar

• Ex-Dividend for 8/27 Dividend: 7/30/2024
• Last Earnings: 8/27/2024
• Dividend Payable: 8/27/2024
• Today: 10/29/2024
• Ex-Dividend for 11/26 Dividend: 10/30/2024
• Dividend Payable: 11/26/2024
• Next Earnings (Estimated): 12/06/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Banks - Diversified
• Sub-Industry: Banking
• Current Symbol: TSE:BMO
• CUSIP: N/A
• CIK: N/A
• Web: www.bmo.com
• Phone: +1-416-8677191
• Fax: N/A
• Employees: 46,700
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$120.77
• High Stock Price Target: C$132.00
• Low Stock Price Target: C$106.00
• Potential Upside/Downside: -6.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.38
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$8.69
• Trailing P/E Ratio: 14.91
• Forward P/E Ratio: 13.42
• P/E Growth: 0.71
• Net Income: C$6.30 billion
• Net Margins: 21.20%
• Pretax Margin: N/A
• Return on Equity: 8.49%
• Return on Assets: 0.50%

Debt

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

Sales & Book Value

• Annual Sales: C$31.41 billion
• Price / Sales: 3.01
• Cash Flow: C$539.75 per share
• Price / Cash Flow: 0.24
• Book Value: C$105.41 per share
• Price / Book: 1.23

Miscellaneous

• Outstanding Shares: 729,410,000
• Free Float: N/A
• Market Cap: C$94.49 billion
• Optionable: Not Optionable
• Beta: 1.16