Bank of Montreal Future Growth

Future criteria checks 1/6

Bank of Montreal is forecast to grow earnings and revenue by 13.7% and 4.5% per annum respectively. EPS is expected to grow by 13.8% per annum. Return on equity is forecast to be 12.5% in 3 years.

Key information

13.7%

Earnings growth rate

13.8%

EPS growth rate

Banks earnings growth	8.2%
Revenue growth rate	4.5%
Future return on equity	12.5%
Analyst coverage	Good
Last updated	03 May 2024

Recent future growth updates

No updates

Recent updates

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

Bank of Montreal, Extend add new payments functionality to BMO corporate cards

Dec 07

Bank of Montreal raises $750M through subordinated note issue

Oct 21

Bank Of Montreal: Not A Bad Time To Accumulate Shares

Sep 24

BMO Capital Markets reportedly cuts staff in wake of weakness in division

Sep 15

Earnings and Revenue Growth Forecasts

NYSE:BMO - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
10/31/2026	35,528	8,866	N/A	N/A	4
10/31/2025	34,196	6,686	N/A	N/A	11
10/31/2024	32,606	6,656	N/A	N/A	11
1/31/2024	31,184	5,189	-36,641	-34,939	N/A
10/31/2023	29,021	4,034	-30,673	-28,996	N/A
7/31/2023	30,064	6,841	-22,271	-20,645	N/A
4/30/2023	28,583	6,748	-32,189	-30,568	N/A
1/31/2023	30,423	10,523	-7,075	-5,529	N/A
10/31/2022	33,381	13,306	-41,723	-40,275	N/A
7/31/2022	29,722	11,000	-38,762	-37,504	N/A
4/30/2022	31,374	11,896	-48,495	-47,358	N/A
1/31/2022	28,080	8,427	-35,607	-34,588	N/A
10/31/2021	27,059	7,510	-9,178	-8,195	N/A
7/31/2021	25,944	6,942	-33,437	-32,483	N/A
4/30/2021	25,079	5,887	-994	-83	N/A
1/31/2021	22,654	5,289	-41,018	-40,008	N/A
10/31/2020	22,233	4,850	-38,537	-37,505	N/A
7/31/2020	22,513	4,460	-15,292	-14,161	N/A
4/30/2020	22,130	4,799	-19,306	-18,104	N/A
1/31/2020	24,629	5,611	-17,333	-16,186	N/A
10/31/2019	24,611	5,547	-19,834	-18,706	N/A
7/31/2019	24,495	6,059	-30,033	-28,970	N/A
4/30/2019	23,743	6,048	-37,184	-36,194	N/A
1/31/2019	23,126	5,799	-24,293	-23,368	N/A
10/31/2018	22,243	5,269	-17,112	-16,226	N/A
7/31/2018	21,978	4,794	-13,176	-12,313	N/A
4/30/2018	21,703	4,645	-12,567	-11,701	N/A
1/31/2018	21,773	4,650	-7,104	-6,261	N/A
10/31/2017	21,361	5,153	N/A	-12,501	N/A
7/31/2017	21,165	5,295	N/A	-15,964	N/A
4/30/2017	21,208	5,162	N/A	-21,208	N/A
1/31/2017	20,618	4,895	N/A	-24,899	N/A
10/31/2016	20,316	4,472	N/A	-26,113	N/A
7/31/2016	20,022	4,338	N/A	-19,241	N/A
4/30/2016	19,312	4,295	N/A	-9,604	N/A
1/31/2016	18,777	4,319	N/A	-13,770	N/A
10/31/2015	18,777	4,253	N/A	-5,634	N/A
7/31/2015	18,393	4,097	N/A	-5,687	N/A
4/30/2015	18,332	4,017	N/A	-9,601	N/A
1/31/2015	18,174	4,090	N/A	-2,714	N/A
10/31/2014	17,662	4,157	N/A	-12,741	N/A
7/31/2014	17,141	4,169	N/A	-23,199	N/A
4/30/2014	16,460	4,164	N/A	-10,523	N/A
1/31/2014	16,002	4,045	N/A	-14,602	N/A
10/31/2013	16,243	4,010	N/A	-24,295	N/A
7/31/2013	15,511	4,009	N/A	-22,654	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BMO's forecast earnings growth (13.7% per year) is above the savings rate (2.4%).

Earnings vs Market: BMO's earnings (13.7% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: BMO's earnings are forecast to grow, but not significantly.

Revenue vs Market: BMO's revenue (4.5% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: BMO's revenue (4.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BMO's Return on Equity is forecast to be low in 3 years time (12.5%).

Bank of Montreal Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Recent updates

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

Bank of Montreal, Extend add new payments functionality to BMO corporate cards

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Bank of Montreal to Report Q4, 2022 Results on Dec 01, 2022

Platform Business and IFA Business of Convoy Global Holdings Limited completed the acquisition of AGBA Acquisition Limited (NasdaqCM:AGBA) from Agba Holding Limited and others in a reverse merger transaction.

Upcoming dividend of CA$1.39 per share

BMO Financial Group Appoints Viviane Croux as Head, Corporate Finance, Quebec