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 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more capital invested
Capital invested by funds: $29.8B [Q2] → $29.9B (+$98.7M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 20 [Q2] → 20 (+0) [Q3]
2% less repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 157
6% less call options, than puts
Call options by funds: $1.05B | Put options by funds: $1.12B
9% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 44
2% less funds holding
Funds holding: 468 [Q2] → 459 (-9) [Q3]
3.65% less ownership
Funds ownership: 48.94% [Q2] → 45.28% (-3.65%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$161
61%
upside
Avg. target
$161
61%
upside
High target
$161
61%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Darko Mihelic 40% 1-year accuracy 2 / 5 met price target | 61%upside $161 | Outperform Upgraded | 9 Jan 2025 |
Financial journalist opinion
Based on 5 articles about BMO published over the past 30 days
Neutral
PRNewsWire
4 days 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
5 days 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 week 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 week 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 week 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
1 month 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
1 month 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
1 month 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.
Neutral
Seeking Alpha
1 month ago
Bank of Montreal (BMO) Q4 2024 Earnings Call Transcript
Bank of Montreal (NYSE:BMO ) Q4 2024 Earnings Conference Call December 5, 2024 8:30 AM ET Company Participants Christine Viau - Head, Investor Relations Darryl White - Chief Executive Officer Tayfun Tuzun - Chief Financial Officer Piyush Agrawal - Chief Risk Officer Ernie Johannson - Head, BMO North American Personal & Business Banking Nadim Hirji - Head, BMO Commercial Banking Alan Tannenbaum - Head, BMO Capital Markets Conference Call Participants Gabriel Dechaine - National Bank Financial Doug Young - Desjardins Capital Markets Matthew Lee - Canaccord Genuity John Aiken - Jefferies Paul Holden - CIBC Ebrahim Poonawala - Bank of America Meny Grauman - Scotiabank Darko Mihelic - RBC Capital Markets Lemar Persaud - Cormark Operator Good morning, and welcome to BMO Financial Group's Q4 2024 Earnings Release and Conference Call for December 5, 2024. Your host for today is Christine Viau.
Neutral
PRNewsWire
1 month ago
BMO Financial Group Announces Intention to Repurchase Up to 20 Million of its Common Shares
TORONTO , Dec. 5, 2024 /PRNewswire/ - Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced its intention to purchase for cancellation up to 20 million of its common shares under a normal course issuer bid, subject to the approval of the Office of the Superintendent of Financial Institutions Canada (OSFI) and the Toronto Stock Exchange (TSX). Purchases will 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 (Exemption Orders).
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