How does BMO's PE Ratio compare to its peers?

BMO is good value based on its Price-To-Earnings Ratio (15.2x) compared to the peer average (16.8x).

How does BMO's PE Ratio compare vs other companies in the US Banks Industry?

BMO is expensive based on its Price-To-Earnings Ratio (15.2x) compared to the US Banks industry average (12.8x).

What is BMO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BMO is good value based on its Price-To-Earnings Ratio (15.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).

What is the Fair Price of BMO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

BMO ($94.04) is trading below our estimate of [[fair value]] ($146.82)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

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

BMO Stock Overview

Provides diversified financial services primarily in North America. More details

BMO fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	2/6
Financial Health	5/6
Dividends	6/6

Rewards

Trading at 36% below our estimate of its fair value

Earnings are forecast to grow 11.81% per year

Pays a high and reliable dividend of 4.72%

Risk Analysis

No risks detected for BMO from our risk checks.

Bank of Montreal Competitors

U.S. Bancorp

NYSE:USB

US$78.6b

PNC Financial Services Group

NYSE:PNC

US$81.3b

Citigroup

NYSE:C

US$130.9b

Fifth Third Bancorp

NasdaqGS:FITB

US$31.1b

Price History & Performance

Summary of all time highs, changes and price drops for Bank of Montreal
Historical stock prices
Current Share Price	CA$94.04
52 Week High	CA$100.12
52 Week Low	CA$76.98
Beta	1.16
11 Month Change	1.35%
3 Month Change	8.38%
1 Year Change	16.63%
33 Year Change	-15.06%
5 Year Change	22.40%
Change since IPO	916.65%

Recent updates

Bank of Montreal: Decent Dividend Yield, But Canada's Recession Fears Linger

Aug 15

Bank of Montreal: Decline In Net Interest Income Continues To Place Pressure On Earnings

May 30

Bank of Montreal: What Can We Expect?

May 24

Bank Of Montreal Q1: Higher Provision For Credit Losses And Rate Uncertainty Could Limit Growth

Feb 28

Bank of Montreal: Overvalued But Nice 4.5% Dividend Yield And Growth From Recent Takeover

Aug 02

Bank of Montreal: Non-Interest Income Headwinds Remain

May 28

Bank of Montreal implements fourth wage increase in two years

Feb 06

Bank of Montreal announces C$650M institutional NVCC preferred stock offering

Jan 24

Bank of Montreal gets regulatory approval to acquire Bank of the West

Jan 18

Shareholder Returns

	BMO	US Banks	US Market
7D	0.6%	-0.4%	-1.2%
1Y	16.6%	54.2%	30.4%

Return vs Industry: BMO underperformed the US Banks industry which returned 54.2% over the past year.

Return vs Market: BMO underperformed the US Market which returned 30.4% over the past year.

Price Volatility

Is BMO's price volatile compared to industry and market?
BMO volatility
BMO Average Weekly Movement	2.7%
Banks Industry Average Movement	5.2%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.5%
10% least volatile stocks in US Market	3.1%

Stable Share Price: BMO has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: BMO's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1817	55,767	William White	www.bmo.com

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.

Bank of Montreal Fundamentals Summary

How do Bank of Montreal's earnings and revenue compare to its market cap?
BMO fundamental statistics
Market cap	US$68.50b
Earnings (TTM)	US$4.50b
Revenue (TTM)	US$22.44b

15.2x

P/E Ratio

1.2x

P/B Ratio

Is BMO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BMO income statement (TTM)
Revenue	CA$31.41b
Cost of Revenue	CA$0
Gross Profit	CA$31.41b
Other Expenses	CA$25.11b
Earnings	CA$6.30b

Last Reported Earnings

Jul 31, 2024

Next Earnings Date

Dec 05, 2024

Earnings per share (EPS)	8.64
Gross Margin	100.00%
Net Profit Margin	20.06%
Debt/Equity Ratio	265.6%

How did BMO perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

70%

Payout Ratio

Does BMO pay a reliable dividends?

See BMO dividend history and benchmarks

When do you need to buy BMO by to receive an upcoming dividend?
Bank of Montreal dividend dates
Ex Dividend Date	Oct 30 2024
Dividend Pay Date	Nov 26 2024
Days until Ex dividend	22 days
Days until Dividend pay date	5 days

Does BMO pay a reliable dividends?

See BMO dividend history and benchmarks

BMO Stock Overview

Rewards

Risk Analysis

Bank of Montreal Competitors

NYSE:USB

US$78.6b

NYSE:PNC

US$81.3b

NYSE:C

US$130.9b

NasdaqGS:FITB

US$31.1b

Price History & Performance

Recent News & Updates

Bank of Montreal Announces Board Appointments

Upcoming dividend of CA$1.55 per share

BMO Launches PaySmart Credit Card Installment Plan Feature in the U.S

BMO Appoints Kristin Milchanowski as Chief Artificial Intelligence and Data Officer

Third quarter dividend of CA$1.55 announced

Third quarter 2024 earnings: EPS misses analyst expectations

Recent updates

Bank of Montreal Announces Board Appointments

Upcoming dividend of CA$1.55 per share

BMO Launches PaySmart Credit Card Installment Plan Feature in the U.S

BMO Appoints Kristin Milchanowski as Chief Artificial Intelligence and Data Officer

Third quarter dividend of CA$1.55 announced

Third quarter 2024 earnings: EPS misses analyst expectations

Bmo Financial Group Declares Quarterly Dividends on Common Shares, Payable on November 26, 2024

Bank of Montreal(TSX:BMO.PRT) dropped from S&P/TSX Preferred Share Index

Bank of Montreal: Decent Dividend Yield, But Canada's Recession Fears Linger

BMO Financial Group Launches Enhanced Premium Rewards Credit Card with Mastercard to Help Customers Make Real Financial Progress

Upcoming dividend of CA$1.55 per share

Second quarter dividend of CA$1.55 announced

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Bank of Montreal Declares Dividend for the Third Quarter of Fiscal Year 2024, Payable on August 27, 2024

Bank of Montreal: Decline In Net Interest Income Continues To Place Pressure On Earnings

Bank of Montreal(TSX:BMO.PRS) dropped from S&P/TSX Preferred Share Index

Bank of Montreal: What Can We Expect?

BMO Launches Greener Future Financing Program to Help U.S. Businesses Build Climate Resilient Operations

Upcoming dividend of CA$1.51 per share

Bank of Montreal Declares Dividend on Common Shares, Payable on May 28, 2024

Bank Of Montreal Q1: Higher Provision For Credit Losses And Rate Uncertainty Could Limit Growth

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of CA$1.51 per share at 4.7% yield

Bank of Montreal: Upgrade To Buy, +5% Dividend Yield And Attractive Valuation

Full year 2023 earnings: EPS misses analyst expectations

Bank of Montreal Increases Common Share Dividend, Payable on February 27, 2024

Bank of Montreal Is Reportedly Exploring Sale of RV Loan Portfolio

Upcoming dividend of CA$1.47 per share at 5.4% yield

Bank of Montreal: Drop In Trading Revenues Place Pressure On Growth

BMO Financial Group Announces Chief Executive Officer Changes

Bank of Montreal's 5% Yield: Value Opportunity?

Bank of Montreal to Report Q1, 2024 Results on Feb 27, 2024

Bank of Montreal Appoints Hazel Claxton to Its Board of Directors

Bank of Montreal: Its Direction Shows Promise

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Bank of Montreal, Annual General Meeting, Apr 16, 2024

Bank of Montreal: Overvalued But Nice 4.5% Dividend Yield And Growth From Recent Takeover

Upcoming dividend of CA$1.47 per share at 4.8% yield

Abu Dhabi Developmental Holding Company PJSC and Bank of Montreal entered into definitive agreements to acquire an unknown minority stake in Sagard and Great-West Lifeco Inc. has agreed to increase its existing minority stake.

Bank of Montreal: Non-Interest Income Headwinds Remain

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Bank of Montreal Declares Quarterly Dividend for the Third Quarter of Fiscal Year 2023, Payable on August 28, 2023

Upcoming dividend of CA$1.43 per share at 4.6% yield

Independent Director recently bought US$100k worth of stock

Independent Chairman of the Board recently bought US$1.6m worth of stock

First quarter 2023 earnings: EPS and revenues miss analyst expectations

BMO Financial Group Appoints Nadim Hirji as Group Head, BMO Commercial Banking, Effective March 1, 2023

Bank of Montreal implements fourth wage increase in two years

BMO Rolls Out Its Enhanced BMO Harris Business Platinum Rewards Mastercard

Bank of Montreal announces C$650M institutional NVCC preferred stock offering

Upcoming dividend of CA$1.43 per share

Bank of Montreal gets regulatory approval to acquire Bank of the West

Bank of Montreal to Report Q3, 2023 Results on Aug 29, 2023

Shareholder Returns

Price Volatility

About the Company

Bank of Montreal Fundamentals Summary

15.2x

1.2x