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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of Montreal in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" BMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BMO, but not buy additional shares or sell existing shares.
View BMO analyst ratings or view top-rated stocks.

4 equities research analysts have issued 12 month price targets for Bank of Montreal's stock. Their BMO share price forecasts range from $147.50 to $151.00. On average, they anticipate the company's share price to reach $149.50 in the next twelve months. This suggests a possible upside of 70.0% from the stock's current price.
View analysts price targets for BMO or view top-rated stocks among Wall Street analysts.

Bank of Montreal's stock was trading at $90.60 on January 1st, 2023. Since then, BMO stock has decreased by 2.9% and is now trading at $87.93.
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Bank of Montreal saw a increase in short interest in July. As of July 31st, there was short interest totaling 17,050,000 shares, an increase of 112.3% from the July 15th total of 8,030,000 shares. Based on an average daily trading volume, of 581,700 shares, the short-interest ratio is currently 29.3 days. Approximately 2.4% of the shares of the company are sold short.
View Bank of Montreal's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023.
View our BMO earnings forecast.

Bank of Montreal will be holding an earnings conference call on Tuesday, August 29th at 7:15 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 905-694-9451 with passcode "4069581 #".

Bank of Montreal (NYSE:BMO) posted its earnings results on Wednesday, May, 24th. The bank reported $2.16 earnings per share for the quarter, missing analysts' consensus estimates of $2.35 by $0.19. The bank earned $6.22 billion during the quarter. Bank of Montreal had a net margin of 12.83% and a trailing twelve-month return on equity of 13.14%.

Bank of Montreal announced a quarterly dividend on Wednesday, May 24th. Stockholders of record on Friday, July 28th will be paid a dividend of $1.085 per share on Monday, August 28th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from the stock's previous quarterly dividend of $1.08.
Read our dividend analysis for BMO.

iShares GSCI Commodity Dynamic Roll Strategy ETF holds 10,000,000 shares of BMO stock, representing 1.28% of its portfolio.

Bank of Montreal (NYSE:BMO) pays an annual dividend of $4.44 per share and currently has a dividend yield of 5.05%. BMO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 58.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BMO will have a dividend payout ratio of 42.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BMO.

Based on aggregate information from My MarketBeat watchlists, some companies that other 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), AutoCanada (ACQ), AT&T (T), Bank of Nova Scotia (BNS) and Johnson & Johnson (JNJ).

Bank of Montreal trades on the New York Stock Exchange (NYSE) under the ticker symbol "BMO."

Bank of Montreal's stock is owned by a number of retail and institutional investors. Top institutional shareholders include TD Asset Management Inc (2.27%), Mackenzie Financial Corp (1.91%), Bank of Nova Scotia (1.86%), National Bank of Canada FI (1.72%), The Manufacturers Life Insurance Company (0.70%) and Dimensional Fund Advisors LP (0.52%).

Shares of BMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BMO stock can currently be purchased for approximately $87.93.

Bank of Montreal (NYSE:BMO) has a market capitalization of $63.03 billion and generates $34.74 billion in revenue each year. The bank earns $10.52 billion in net income (profit) each year or $7.59 on an earnings per share basis.

The company employs 46,722 workers across the globe.

Bank of Montreal's mailing address is 100 King Street West 1 First Canadian Place, TORONTO A6, M5X 1A1. The official website for the company is www.bmo.com. The bank can be reached via phone at (416) 867-3996, via email at investor.relations@bmo.com, or via fax at 514-877-2150.