BMO · NYSE · Banks - Diversified

Bank of Montreal (BMO)

Provides banking, wealth management, and capital-markets services across Canada and the United States.

$174.59
vs last close−2.60 (−1.47%)
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Bank of MontrealBMO
Financial sector

Provides Canadian and U.S. banking alongside wealth-management and capital-markets services. Its operating model spans deposit, lending, advisory, investment, and market-services relationships across North America.

Provides Canadian Personal and Commercial Banking and U.S. Banking services, alongside Wealth Management and Capital Markets. Its relationships span deposits, lending, advisory, investment, and market services across Canada and the United States.

Founded in Montreal in 1817, the bank has a long North American operating history. Its U.S. banking franchise has expanded through acquisitions, including Bank of the West.

Canadian and U.S. banking form the consumer and commercial base, while Wealth Management and Capital Markets complete the four-segment structure.

Operations are shaped by its status as a Canadian chartered bank, by banking regulation, and by risk management.

Company facts

CEODarryl White
ListedOct 27, 1994
ExchangeNYSE
HeadquartersMontreal, Canada
CountryCanada
Employees53,000
CIK0000927971
ISINCA0636711016

Market cap$124.11B
EPS (ttm)$8.71
P/E (ttm)20.34
ROE10.6%
P/B2.01
P/S2.23
Dividend yieldDiv yield2.73%
Beta0.92vs XLF 0.48

Price target$85.00−52.0%Average of 18 analysts
ConsensusBuy8 of 18 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 9, 2026BMO CapitalTarget
Target: $203
Target: $90
Sep 8, 2026Capital One FinancialTarget
Target: $74
Target: $80
Sep 8, 2026BMO CapitalInitiate
Rating:
Rating: Market Perform
Aug 26, 2026Morgan StanleyTarget
Target:
Target: $580
Aug 25, 2026BMO CapitalTarget
Target: $103
Target: $203

Next report
Dec 2, 26
in 71 days
EPS estimate
$2.67
Revenue estimate
$7.11B
Fiscal quarter
Q4 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Dec '25Feb '26May '26Aug '26Dec '26
Reported$2.14$1.84$2.33$2.36$2.51$2.68$2.84Pending
Estimate$1.70$1.84$2.12$2.16$2.35$2.54$2.71$2.67
Surprise+25.9%0.0%+9.9%+9.3%+6.8%+5.5%+4.8%

RevenueReportedEstimate

Feb '25May '25Aug '25Dec '25Feb '26May '26Aug '26Dec '26
Reported$9.22B$8.68B$8.94B$6.66B$7.21B$7.04B$7.10BPending
Estimate$5.95B$6.44B$6.54B$6.44B$6.98B$6.98B$6.94B$7.11B
Surprise+54.9%+34.9%+36.8%+3.4%+3.2%+0.9%+2.4%
Estimate$2.67
ReportedDue Dec 2, 2026
Estimate$7.11B
ReportedDue Dec 2, 2026
View details

Debt to equity193.40%
Current ratio56.50%

ProfitabilityRevenueNet incomeNet margin

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$14.04B$14.54B$13.68B$13.65B$13.71B$13.74B$13.72B$14.43B
Net income$1.64B$1.52B$1.39B$1.66B$1.63B$1.77B$1.87B$1.24B
Net margin11.7%10.4%10.2%12.1%11.9%12.9%13.6%8.6%

GrowthOperating income

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Operating income$2.14B$2.01B$1.85B$2.20B$2.16B$2.37B$2.49B$1.80B
YoY growth+38.2%+70.8%+7.5%+26.1%+0.8%+17.6%+34.2%−18.2%

Balance sheet, Jul 31, 2026Cash & short-term investments $295.73B · Total debt $119.10B · Total assets $1.10T · Shareholders' equity $61.58B

Revenue
$14.43B
Operating income
$1.80B
Net income
$1.24B

Reported in CAD, converted at the latest exchange rate

View details

Dividend yield
2.73%
Next ex-date
Oct 30, 26
in 38 days
Annual dividend
$4.84
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Dividend$1.1035$1.1476$1.1798$1.1657$1.2332$1.2214$1.2211$1.2221
Annual yield4.46%4.71%4.09%3.72%3.47%3.24%2.71%2.81%
Ex-dateJan 30Apr 29Jul 30Oct 30Jan 30Apr 29Jul 30Oct 30
Payment dateFeb 26May 27Aug 26Nov 26Feb 26May 26Aug 26Nov 26
View details

Institutions48.17%337.41M shares
700 holders · as of Jun 30, 2026
Other51.83%363.01M shares
remainder

700.42M company shares as of Aug 25, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Royal Bank of CanadaInstitution
7.45%52.17Mas of Jun 30, 2026
Bank of Montreal /Can/Institution
4.02%28.13Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
2.92%20.48Mas of Jun 30, 2026
TD Asset Management IncInstitution
2.17%15.23Mas of Jun 30, 2026
CIBC World Market Inc.Institution
1.77%12.41Mas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Royal Bank of Canada

    Broad Canadian banking, wealth and capital-markets overlap

  • Toronto-Dominion Bank

    Direct overlap in Canadian and U.S. banking, wealth and wholesale banking

  • Scotiabank

    Canadian banking, wealth and capital-markets competitor

  • CIBC

    Canadian banking, commercial wealth and capital-markets overlap

Compare

CompanyPriceChange
Bank of Montreal$174.59−1.47%$124.11B20.316.32.2−20.6%
Royal Bank of Canada$204.21−0.96%$286.56B18.217.62.8−22.1%
Toronto-Dominion Bank$123.21−0.67%$209.57B18.616.92.6−22.1%
Scotiabank$94.85−0.52%$116.24B17.415.42.3−42.3%
CIBC$115.08−1.01%$107.73B15.615.72.4−17.4%
Median17.816.32.5−22.1%