Bank of Montreal (BMO)

NYSE: BMO · IEX Real-Time Price · USD
96.82
+0.44 (0.46%)
Mar 28, 2024, 10:48 AM EDT - Market open
0.46%
Market Cap 69.92B
Revenue (ttm) 24.15B
Net Income (ttm) 4.11B
Shares Out 725.44M
EPS (ttm) 5.28
PE Ratio 18.25
Forward PE 8.08
Dividend $4.47 (4.61%)
Ex-Dividend Date Apr 26, 2024
Volume 50,377
Open 96.50
Previous Close 96.38
Day's Range 96.32 - 96.92
52-Week Range 73.98 - 100.12
Beta 1.17
Analysts Buy
Price Target 131.00 (+35.12%)
Earnings Date May 22, 2024

About 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 m... [Read more]

Sector Financials
Founded 1817
Employees 46,722
Stock Exchange NYSE
Ticker Symbol BMO
Full Company Profile

Financial Performance

In 2023, BMO's revenue was 31.20 billion, a decrease of -7.45% compared to the previous year's 33.71 billion. Earnings were 4.37 billion, a decrease of -67.76%.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to one analyst, the rating for BMO stock is "Buy" and the 12-month stock price forecast is $131.0.

Price Target
$131.0
(35.12% upside)
Analyst Consensus: Buy
Stock Forecasts

News

BMO Announces the Reverse Split of Three Series of ETNs

NEW YORK , March 15, 2024 /PRNewswire/ - Bank of Montreal (TSX: BMO)(NYSE: BMO) announced today that it will implement a 1-for-10 reverse split of three series of its outstanding exchange traded notes...

12 days ago - PRNewsWire

BMO Proxy Circular and 2023 Sustainability Reporting Suite Now Available

TORONTO and CHICAGO, March 7, 2024 /PRNewswire/ - BMO (TSX: BMO) (NYSE: BMO) today announced that it has filed its 2024 Notice of Annual Meeting of Shareholders and Management Proxy Circular with appl...

20 days ago - PRNewsWire

BMO Financial Group Declares Dividends

TORONTO , Feb. 27, 2024 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.51 per share on paid-up common shares of ...

4 weeks ago - PRNewsWire

BMO Financial Group Reports First Quarter 2024 Results

BMO's First Quarter 2024 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended January 31, 2024 are available online at www.bmo.com/investorrel...

4 weeks ago - PRNewsWire

BMO Taps Agent IQ to Continue Enhancing Client Experience at BMO InvestorLine

AUSTIN, Texas--(BUSINESS WIRE)--Agent IQ, a pioneer in digital relationship banking and providing personalized engagement and AI-supported self-service, announced its expanded partnership with BMO (TS...

2 months ago - Business Wire

BMO Financial Group Releases Supplementary Financial Information Reflecting Changes in Presentation

TORONTO , Jan. 29, 2024 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today released an abridged Supplementary Financial Information package containing certain quarterly and annual financial...

2 months ago - PRNewsWire

BMO Launches MAX™ S&P 500® 4X Leveraged Exchange Traded Notes on NYSE Arca

NEW YORK , Dec. 4, 2023 /PRNewswire/ - Bank of Montreal (BMO) today announced the launch of 4X leveraged Exchange Traded Notes (ETNs) linked to the S&P 500 ® Total Return Index (the "Index") in the Un...

4 months ago - PRNewsWire

BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 6 per cent from the prior year

TORONTO , Dec. 1, 2023 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.51 per share on paid-up common shares of B...

4 months ago - PRNewsWire

BMO Financial Group Reports Fourth Quarter and Fiscal 2023 Results

BMO's 2023 audited annual consolidated financial statements and accompanying Management Discussion and Analysis (MD&A) are available online at www.bmo.com/investorrelations and at www.sedarplus.ca. Fi...

4 months ago - PRNewsWire

Bank of Montreal is exploring sale of RV loan portfolio - Bloomberg News

Bank of Montreal is exploring the sale of a portfolio of recreational vehicle loans, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

5 months ago - Reuters

BMO promotes Alan Tannenbaum to head capital markets division

Bank of Montreal on Tuesday named Alan Tannenbaum as the new head of the bank's capital market division, to replace outgoing CEO Dan Barclay, who is retiring in November.

6 months ago - Reuters

BMO Announces Retirement of Dan Barclay, Names Alan Tannenbaum CEO, BMO Capital Markets

TORONTO and NEW YORK , Oct. 10, 2023 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced the upcoming retirement of its Chief Executive Officer & Group Head, Capital Markets, Dan B...

6 months ago - PRNewsWire

Canadian lender BMO to wind down retail auto finance business

Bank of Montreal (BMO) is winding down its retail auto finance business and shifting focus to other areas in a move that will result unspecified number of job losses, Canada's third largest bank said ...

6 months ago - Reuters

Hazel Claxton Appointed to Bank of Montreal Board of Directors

TORONTO , Aug. 30, 2023 /PRNewswire/ - Bank of Montreal today announced the appointment of Hazel Claxton, former Executive Vice-President and Chief Human Resources Officer of Morneau Shepell Inc. (now...

7 months ago - PRNewsWire

Bank of Montreal's quarterly profit falls on higher bad loan provisions

Bank of Montreal on Tuesday reported a decline in third-quarter profit as the Canadian lender set aside more rainy-day funds to cover potential losses from loan defaults.

7 months ago - Reuters

BMO Financial Group Reports Third Quarter 2023 Results

BMO's Third Quarter 2023 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended July 31, 2023 is available online at www.bmo.com/investorrelatio...

7 months ago - PRNewsWire

Judge rules syndicated loan was not a security in victory for JPMorgan Chase and three other banks

JPMorgan Chase & Co. JPM, +0.07% and three other banks on Thursday won an appeal in U.S. District Court for the Southern District of New York that held that a $1.78 billion leveraged loan extended in ...

Other symbols: CJPM
7 months ago - Market Watch

BMO to Redeem U.S. $850,000,000 4.338% Subordinated Notes (Non-Viability Contingent Capital (NVCC))

TORONTO , Aug. 8, 2023 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it intends to redeem all of its U.S. .$850,000,000 4.338% Subordinated Notes (Non-Viability Contingen...

8 months ago - PRNewsWire

BMO Provides Innovative New Sustainability-Linked Deposit Product to Zurn Elkay Water Solutions

Sustainability Linked Deposits (SLD) reward business account holders who achieve predetermined sustainability targets SLDs join a suite of options offered by BMO to help business clients make progress...

Other symbols: ZWS
9 months ago - PRNewsWire

BMO and Bell Canada Execute Innovative Sustainability-Linked Derivative Tied to Ambitious GHG Emission Reduction Targets

Bell Canada is one of the first telecom companies to execute a Sustainability-Linked Derivative TORONTO , May 30, 2023 /PRNewswire/ - BMO (TSX: BMO) (NYSE: BMO) and Bell Canada ("Bell") have entered i...

10 months ago - PRNewsWire

Bank of Montreal quarterly profit rises on higher interest income

Bank of Montreal's second-quarter profit jumped as higher interest rates shored up the lender's net interest income, the Canadian bank said on Wednesday.

11 months ago - Reuters

BMO Financial Group Reports Second Quarter 2023 Results

BMO's Second Quarter 2023 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended April 30, 2023, is available online at www.bmo.com/investorrela...

11 months ago - PRNewsWire

BMO Named to UN-Convened Group Providing Guidance to Global Banks on Nature Target Setting

Part of UN Principles for Responsible Banking, Nature Target Setting Working Group to align targets with Kunming-Montreal Global Biodiversity Framework which aims to reverse nature loss by 2030 BMO na...

11 months ago - PRNewsWire

BMO Confirms Election of Board of Directors

TORONTO , April 18, 2023 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today held its Annual Meeting of Shareholders. At the meeting, all the director nominees listed in the bank's management...

1 year ago - PRNewsWire

BMO Recommends Shareholders Reject TRC Capital's Below-Market "Mini-Tender" Offer

TORONTO , March 28, 2023 /PRNewswire/ - BMO (TSX: BMO) (NYSE: BMO) has received notice of an unsolicited mini-tender offer by TRC Capital Investment Corporation ("TRC Capital") to purchase up to 1 mil...

1 year ago - PRNewsWire