BMO Stock - Bank of Montreal
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $78.15B | $78.56B | $68.01B | $37.27B | $32.49B |
| Gross Profit | $32.48B | $28.28B | $29.64B | $25.95B | $26.89B |
| Gross Margin | 41.6% | 36.0% | 43.6% | 69.6% | 82.8% |
| Operating Income | $11.55B | $9.54B | $5.95B | $17.89B | $10.26B |
| Net Income | $8.71B | $7.32B | $4.42B | $13.54B | $7.75B |
| Net Margin | 11.1% | 9.3% | 6.5% | 36.3% | 23.9% |
| EPS | $11.46 | $9.53 | $5.77 | $20.04 | $11.60 |
Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers. It also offers investment and wealth advisory services; digital investing services; financial services and solutions; and investment management, and trust and custody services. In addition, the company provides life insurance, accident and sickness insurance, and annuity products; creditor and travel insurance to bank customers; and reinsurance solutions. Further, it offers client's debt and equity capital-raising services, as well as loan origination and syndication, and treasury management; strategic advice on mergers and acquisitions, restructurings, and recapitalizations, as well as valuation and fairness opinions; and trade finance, risk mitigation, and other operating services. Additionally, the company provides research and access to markets for institutional, corporate, and retail clients; trading solutions that include debt, foreign exchange, interest rate, credit, equity, securitization and commodities; new product development and origination services, as well as risk management advice and services to hedge against fluctuations; and funding and liquidity management services to its clients. It operates through approximately 900 bank branches and 3,300 automated banking machines in Canada and the United States. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 25th 2025 | Raymond James | Initiation | Market Perform | - |
| October 3rd 2025 | RBC Capital Mkts | Downgrade | Sector Perform | - |
| September 5th 2025 | CIBC | Upgrade | Sector Outperform | - |
| June 9th 2025 | Barclays | Downgrade | Equal Weight | - |
| May 15th 2025 | Scotiabank | Resumed | Sector Perform | - |
| April 4th 2025 | CIBC | Downgrade | Neutral | - |
| January 8th 2025 | RBC Capital Mkts | Upgrade | Outperform | - |
| December 6th 2024 | CIBC | Upgrade | Sector Outperform | - |
| December 6th 2024 | Scotiabank | Upgrade | Sector Outperform | - |
| August 28th 2024 | BofA Securities | Downgrade | Neutral | - |
| August 28th 2024 | Scotiabank | Downgrade | Sector Perform | - |
| August 27th 2024 | TD Securities | Downgrade | Hold | - |
| August 27th 2024 | Jefferies | Downgrade | Hold | - |
| July 30th 2024 | RBC Capital Mkts | Downgrade | Sector Perform | - |
| July 2nd 2024 | UBS | Initiation | Neutral | - |
Earnings History & Surprises
BMOEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 26, 2026 | — | — | — | — |
Q1 2026 | Feb 24, 2026 | $2.34 | — | — | — |
Q4 2025 | Dec 4, 2025 | $2.16 | $2.36 | +9.3% | ✓ BEAT |
Q3 2025 | Aug 26, 2025 | $2.12 | $2.33 | +9.9% | ✓ BEAT |
Q2 2025 | May 28, 2025 | $1.84 | $1.84 | 0.0% | = MET |
Q1 2025 | Feb 25, 2025 | $1.70 | $2.14 | +25.9% | ✓ BEAT |
Q4 2024 | Dec 5, 2024 | $1.75 | $1.39 | -20.6% | ✗ MISS |
Q3 2024 | Aug 27, 2024 | $1.98 | $1.93 | -2.5% | ✗ MISS |
Q2 2024 | May 29, 2024 | $2.01 | $1.88 | -6.5% | ✗ MISS |
Q1 2024 | Feb 27, 2024 | $2.24 | $1.90 | -15.2% | ✗ MISS |
Q4 2023 | Dec 1, 2023 | $2.07 | $2.07 | 0.0% | = MET |
Q3 2023 | Aug 29, 2023 | $2.28 | $2.08 | -8.8% | ✗ MISS |
Q2 2023 | May 24, 2023 | $2.35 | $2.16 | -8.1% | ✗ MISS |
Q1 2023 | Feb 28, 2023 | $2.33 | $2.39 | +2.6% | ✓ BEAT |
Q4 2022 | Dec 1, 2022 | $2.29 | $2.28 | -0.4% | ✗ MISS |
Q3 2022 | Aug 30, 2022 | $2.38 | $2.40 | +0.8% | ✓ BEAT |
Q2 2022 | May 25, 2022 | $2.43 | $2.55 | +4.9% | ✓ BEAT |
Q1 2022 | Mar 1, 2022 | $3.26 | $3.89 | +19.3% | ✓ BEAT |
Q4 2021 | Dec 3, 2021 | $3.24 | $3.33 | +2.8% | ✓ BEAT |
Q3 2021 | Aug 24, 2021 | $2.94 | $3.44 | +17.0% | ✓ BEAT |
Latest News
Shares of stocks in the broader financial sector are trading higher amid overall market strength following the Fed's rate cut announcement.
📈 PositiveOffice Of The Comptroller Of The Currency Releases Preliminary Findings from Its Review of Large Banks' Debanking Activities
➖ NeutralCanaccord Genuity Maintains Buy on Bank of Montreal, Raises Price Target to C$201
📈 PositiveBMO Financial Group Raises Quarterly Common Share Dividend To $1.67 Per Share, Up 4 Cents From Prior Quarter, Up 5% From Prior Year
📈 PositiveBank of Montreal Q4 Adj. EPS $2.38 Beats $2.15 Estimate, Sales $6.785B Beat $6.400B Estimate
📈 PositiveReported Earlier, Gold Royalty Announced That It Has Entered Into An Amendment Agreement With The Bank Of Montreal And The National Bank Capital Markets To, Among Other Things, Upsize Its Existing Revolving Credit Facility To $75M, With An Accordion Feature Allowing For Up To An Additional $25M In Availability
📈 PositiveBarclays Maintains Equal-Weight on Bank of Montreal, Raises Price Target to C$177
➖ Neutral'Senior Managers Depart BMO Capital Markets as Firm Pushes Reorganization'- Bloomberg
📉 NegativeBMO Asset Management Launches BMO Broad Commodity ETF
📈 Positive'BMO CEO White Urges Canada to Cut Taxes Even If Deficit Widens' - Bloomberg News
➖ NeutralRBC Capital Downgrades Bank of Montreal to Sector Perform, Lowers Price Target to C$163
📉 NegativeRBC Capital Downgrades Bank of Montreal to Sector Perform, Lowers Price Target to $163
📉 Negative'Bank of Montreal Explores Selling a Cluster of U.S. Branches'- WSJ
➖ NeutralBank Of Montreal Chief Financial Officer Tayfun Tuzun To Retire; Rahul Nalgirkar Named New CFO
➖ NeutralRocket shares are trading higher after the company announced the company and the Bank of Montreal extended and expanded the existing Master Repurchase Agreement.
📈 PositiveOn September 4, 2025 Rocket Mortgage, Bank Of Montreal Extend And Expand Master Repurchase Agreement To $1B Through 2027; Total Company Funding Capacity Now $26.4B
📈 PositiveCIBC Upgrades Bank of Montreal to Outperformer, Raises Price Target to C$180
📈 PositiveBank of Montreal Receives Approvals From The Toronto Stock Exchange And The Office Of The Superintendent Of Financial Institutions Canada To Proceed With Its Normal Course Issuer Bid
📈 PositiveBarclays Maintains Equal-Weight on Bank of Montreal, Raises Price Target to C$157
➖ NeutralTD Cowen Maintains Hold on Bank of Montreal, Raises Price Target to C$170
➖ NeutralFrequently Asked Questions about BMO
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