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: $95.64 to $96.78
• 50-Day Range: $90.06 to $103.40
• 52-Week Range: $76.98 to $104.63
• Volume: 535,499 shs
• Average Volume: 888,784 shs
• Market Capitalization: $70.44 billion
• P/E Ratio: 13.83
• Dividend Yield: 4.87%
• Price Target: $122.40
• Consensus Rating: Hold

Bank of Montreal Stock Analysis - MarketRank™

Bank of Montreal scored higher than 96% of companies evaluated by MarketBeat, and ranked 44th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Bank of Montreal has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 3 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Bank of Montreal has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 16.11%

Earnings Growth

Earnings for Bank of Montreal are expected to grow by 16.11% in the coming year, from $7.76 to $9.01 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bank of Montreal is 13.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bank of Montreal is 13.83, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

Price to Earnings Growth Ratio

Bank of Montreal has a PEG Ratio of 1.42. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Bank of Montreal has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

0.83% of the float of Bank of Montreal has been sold short.

Short Interest Ratio / Days to Cover

Bank of Montreal has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in Bank of Montreal has recently increased by 9.96%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Bank of Montreal is a leading dividend payer. It pays a dividend yield of 4.74%, 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 67.34%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Bank of Montreal will have a dividend payout ratio of 52.16% next year. This indicates that Bank of Montreal will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.4 / 5
• Environmental Score: -0.32

Percentage of Shares Shorted

0.83% of the float of Bank of Montreal has been sold short.

Short Interest Ratio / Days to Cover

Bank of Montreal has a short interest ratio ("days to cover") of 6.4.

Change versus previous month

Short interest in Bank of Montreal has recently increased by 9.96%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.02

News Sentiment

Bank of Montreal has a news sentiment score of 1.02. 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 higher news sentiment than the 0.74 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Bank of Montreal this week, compared to 8 articles on an average week.

Search Interest

Only 29 people have searched for BMO on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

13 people have added Bank of Montreal to their MarketBeat watchlist in the last 30 days. This is an increase of 117% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Bank of Montreal insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Bank of Montreal is held by insiders.

Percentage Held by Institutions

45.82% 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 $98.94 at the start of the year. Since then, BMO shares have decreased by 2.4% and is now trading at $96.54.
View the best growth stocks for 2024 here.

How were Bank of Montreal's earnings last quarter?

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

Does Bank of Montreal have any subsidiaries?

Bank of Montreal subsidiaries include 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 investors of Bank of Montreal include National Bank of Canada FI (1.88%), Toronto Dominion Bank (1.62%), CIBC Asset Management Inc (0.91%) and FMR LLC (0.69%).

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 American Water Works (AWK), Humana (HUM), Waste Connections (WCN), AUO (AUOTY), Voyager Therapeutics (VYGR), The RMR Group (RMR) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 8/27/2024
• Ex-Dividend for 11/26 Dividend: 10/30/2024
• Dividend Payable: 11/26/2024
• Today: 12/22/2024
• Fiscal Year End: 10/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Commercial banks, not elsewhere classified
• Sub-Industry: N/A
• Current Symbol: NYSE:BMO
• CUSIP: N/A
• CIK: 927971
• Web: www.bmo.com
• Phone: (416) 867-3996
• Fax: 514-877-2150
• Employees: 56,000
• Year Founded: 1817

Price Target and Rating

• Average Stock Price Target: $122.40
• High Stock Price Target: $133.00
• Low Stock Price Target: $112.00
• Potential Upside/Downside: +26.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.45
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.98
• Trailing P/E Ratio: 13.83
• Forward P/E Ratio: 12.44
• P/E Growth: 1.42
• Net Income: $5.38 billion
• Net Margins: 9.22%
• Pretax Margin: 12.02%
• Return on Equity: 10.18%
• Return on Assets: 0.54%

Debt

• Debt-to-Equity Ratio: 0.11
• Current Ratio: 0.98
• Quick Ratio: 0.98

Sales & Book Value

• Annual Sales: $32.04 billion
• Price / Sales: 2.20
• Cash Flow: $9.22 per share
• Price / Cash Flow: 10.47
• Book Value: $76.72 per share
• Price / Book: 1.26

Miscellaneous

• Outstanding Shares: 729,665,000
• Free Float: 722,289,000
• Market Cap: $70.44 billion
• Optionable: Optionable
• Beta: 1.10