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 6,809 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: $29.5B [Q2] → $29.6B (+$65.5M) [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
2% less funds holding
Funds holding: 468 [Q2] → 459 (-9) [Q3]
3.67% less ownership
Funds ownership: 48.5% [Q2] → 44.83% (-3.67%) [Q3]
18% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 49
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$133
38%
upside
Avg. target
$133
38%
upside
High target
$133
38%
upside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
RBC Capital Darko Mihelic 100% 1-year accuracy 1 / 1 met price target | 38%upside $133 | Sector Perform Reiterated | 6 Dec 2024 |
Financial journalist opinion
Based on 7 articles about BMO published over the past 30 days
Negative
Zacks Investment Research
1 week 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 weeks 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 weeks 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
2 weeks 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
2 weeks 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).
Neutral
PRNewsWire
2 weeks ago
BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 5 per cent from the prior year
TORONTO , Dec. 5, 2024 /PRNewswire/ - Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced that its Board of Directors declared a quarterly dividend of $1.59 per share on paid-up common shares of Bank of Montreal for the first quarter of fiscal year 2025 ("Q1 2025 Dividend"), a 4 cent, or 3 per cent, increase from the prior quarter, up 5 per cent from the prior year. The Board of Directors also declared dividends of: $0.190875 per share on paid-up Class B Preferred Shares Series 33; and $0.426 per share on paid-up Class B Preferred Shares Series 44.
Neutral
PRNewsWire
2 weeks ago
BMO Financial Group Reports Fourth Quarter and Fiscal 2024 Results
Fourth Quarter 2024 Earnings Release BMO's 2024 audited annual consolidated financial statements and accompanying Management Discussion and Analysis (MD&A) are available online at www.bmo.com/investorrelations and at www.sedarplus.ca . Financial Results Highlights Fourth Quarter 2024 compared with Fourth Quarter 2023: Net income1 of $2,304 million, compared with $1,710 million; adjusted net income1, 2 of $1,542 million, compared with $2,243 million Reported earnings per share (EPS)1, 3 of $2.94, compared with $2.19; adjusted EPS1, 2, 3 of $1.90, compared with $2.93 Provision for credit losses (PCL) of $1,523 million, compared with $446 million; current quarter included PCL on performing loans of $416 million Return on equity (ROE)1 of 11.4%, compared with 9.3%; adjusted ROE1, 2 of 7.4%, compared with 12.4% Common Equity Tier 1 (CET1) Ratio4 of 13.6%, compared with 12.5% Declared a quarterly dividend of $1.59 per common share, an increase of $0.08 or 5% from the prior year, and $0.04 or 3% from the prior quarter Announced our intention to establish a normal course issuer bid (NCIB) for up to 20 million common shares5 Fiscal 2024 compared with Fiscal 2023: Net income1 of $7,327 million, compared with $4,437 million; adjusted net income1, 2 of $7,449 million, compared with $8,735 million Reported EPS1, 3 of $9.51, compared with $5.76; adjusted EPS1, 2, 3 of $9.68, compared with $11.81 Reported and adjusted PCL of $3,761 million, compared with $2,178 million on a reported basis and $1,473 million on an adjusted basis1 ROE1 of 9.7%, compared with 6.2%; adjusted ROE1, 2 of 9.8%, compared with 12.6% TORONTO , Dec. 5, 2024 /PRNewswire/ - For the fourth quarter ended October 31, 2024, BMO Financial Group (TSX: BMO) (NYSE: BMO) recorded net income of $2,304 million or $2.94 per share on a reported basis, and net income of $1,542 million or $1.90 per share on an adjusted basis.
Positive
Seeking Alpha
1 month ago
My Dividend Stock Portfolio: New October Dividend Record - 100 Holdings With 15 Buys
Investment activity in October focused on Business Development Companies, with $1,300 added to the market. Adjusted dividend income in October of $789, up 25% Y/Y and up 11% sequentially. Main picks included Blackstone Secured Lending, Goldman Sachs BDC, and Midcap Financial Investment Corporation.
Positive
Seeking Alpha
1 month ago
November's 5 Dividend Growth Stocks With 4.91%+ Yields
Every month we screen for potential dividend growth opportunities, which can provide some new potential ideas that could otherwise slip by. While we look for more consistent dividend growers with relatively higher yields, we also include safety in terms of earnings stability or growth potential in the screening process. We look at five of those that screen the highest based on yield, and this month, we have two new names that haven't made the discussion portion before.
Neutral
Accesswire
1 month ago
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Bank of Montreal - BMO
NEW YORK, NY / ACCESSWIRE / November 4, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Bank of Montreal ("BoM" or the "Company") (NYSE:BMO). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.
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