Bank of Montreal
About: Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, US P&C banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the US.
Employees: 53,597
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
203% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 32
37% more repeat investments, than reductions
Existing positions increased: 182 | Existing positions reduced: 133
20% more funds holding in top 10
Funds holding in top 10: 20 [Q3] → 24 (+4) [Q4]
13% more capital invested
Capital invested by funds: $29.9B [Q3] → $33.6B (+$3.75B) [Q4]
11% more funds holding
Funds holding: 461 [Q3] → 510 (+49) [Q4]
2.35% more ownership
Funds ownership: 45.28% [Q3] → 47.64% (+2.35%) [Q4]
52% less call options, than puts
Call options by funds: $584M | Put options by funds: $1.21B
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$161
60%
upside
Avg. target
$161
60%
upside
High target
$161
60%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Darko Mihelic 29% 1-year accuracy 2 / 7 met price target | 60%upside $161 | Outperform Upgraded | 9 Jan 2025 |
Financial journalist opinion
Neutral
Business Wire
2 weeks ago
BMO Launches Its First Canadian Depositary Receipts
TORONTO--(BUSINESS WIRE)---- $HNDA #Cboe--Today, Cboe Canada welcomes Bank of Montreal (“BMO”) with the launch of its first Canadian Depositary Receipts (“CDRs”).
Positive
The Motley Fool
4 weeks ago
3 Unstoppable Dividend Stocks That Can Be Pillars to Build Your Portfolio Around
If you're a new investor, want some recurring dividend income, or just want some top stocks to build your portfolio around, it's important to focus on businesses with strong fundamentals and room to generate steady growth for years to come.
Neutral
PRNewsWire
1 month ago
Bank of Montreal Receives Regulatory Approvals for Normal Course Issuer Bid
TORONTO , Jan. 17, 2025 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it has received approvals from the Toronto Stock Exchange (TSX) and the Office of the Superintendent of Financial Institutions Canada (OSFI) to proceed with its previously-announced normal course issuer bid to purchase, for cancellation, up to 20 million of its common shares, commencing January 22, 2025, and ending no later than January 21, 2026. Purchases under the bid may be made through the facilities of the TSX and may also be made through other designated exchanges and alternative Canadian trading systems or by such other means as may be permitted by a securities regulatory authority, including under automatic purchase plans, block purchases, private agreements or share repurchase programs under exemption orders issued by securities regulatory authorities.
Positive
Seeking Alpha
1 month ago
Bank of Montreal: Strengths And Risks That Need Consideration
BMO is rated a 'buy' for long-term value investors due to its strong capital position, reliable dividends, and operational improvements despite some financial challenges. BMO's CET1 ratio of 13.6% and 196-year streak of uninterrupted dividends highlight its resilience and financial security through economic instabilities. The bank's adjusted earnings and provisions for credit losses (PCLs) have faced challenges, but these are seen as warning signs, not red flags.
Positive
Reuters
1 month ago
London Metal Exchange approves Bank of Montreal as member
The London Metal Exchange (LME) has approved Bank of Montreal (BMO) as a category 2 member, the exchange said on Tuesday.
Neutral
PRNewsWire
1 month ago
BMO and Canal Road Group Form Strategic Partnership Aimed at Providing Direct Lending to Upper Middle-Market Companies
NEW YORK , Jan. 10, 2025 /PRNewswire/ - BMO (NYSE: BMO) and Canal Road Group ("CRG") today announced they are entering into a strategic partnership. As part of the arrangement, BMO's commitment to CRG will enable CRG to invest up to $1 billion in capital in support of their direct lending strategy.
Neutral
PRNewsWire
1 month ago
Bank of Montreal Enters into Automatic Securities Purchase Plan
TORONTO , Jan. 10, 2025 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it has entered into an automatic securities purchase plan ("ASPP") with its broker, BMO Nesbitt Burns Inc., in order to facilitate repurchases of BMO common shares ("Common Shares") in connection with its previously announced intention to purchase for cancellation up to 20 million of Common Shares under a normal course issuer bid. While the ASPP has been approved by the TSX, the purchase of any Common Shares under the ASPP will not begin until after the approval of such normal course issuer bid by the Office of the Superintendent of Financial Institutions Canada (OSFI) and the Toronto Stock Exchange (TSX).
Negative
Zacks Investment Research
2 months ago
BMO Q4 Earnings Dip, Stock Up on Projection of Fall in 2025 Provision
Higher provisions and a fall in NII hurt Bank of Montreal's fiscal Q4 earnings. Shares jump 8.5% on expectations of moderating provisions in fiscal 2025.
Negative
Zacks Investment Research
2 months ago
New Strong Sell Stocks for December 6th
AM, AVT and BMO have been added to the Zacks Rank #5 (Strong Sell) List on December 6, 2024.
Neutral
Seeking Alpha
2 months ago
Bank of Montreal: Higher Credit Risks And A Higher Dividend
Bank of Montreal's business growth is strong, but rising credit loss provisions have significantly pressured profits, leading to a cautious outlook. The bank's net interest income grew by 10%, driven by higher net interest margins and increased loan demand. Despite a dividend increase and new share buyback authorization, the current share price in the US$90s seems too high to recommend buying.
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