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BMOBank of Montreal
$178.25$124.8B
Overview & Verdict
Overview
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BMO logoBank of Montreal(BMO)Earnings, Financials & Key Ratios

BMO•NYSE•Banking & Credit
$176.10
21.9× P/E·Price updated Jul 6, 2026
SectorFinancial ServicesIndustryDiversified BanksSub-IndustryNorth American universal banks
AboutBank 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.Show more
  • Net Interest Income$21.49B+10.4%
  • Total Revenue$78.15B-0.5%
  • Net Income$8.71B+19.0%
  • Return on Equity10.1%+10.7%
  • Net Interest Margin1.45%+5.4%
  • Efficiency Ratio26.78%+12.3%
  • ROA0.6%+13.7%
  • Equity / Assets5.97%-0.2%
  • Book Value per Share121.81+5.3%

BMO Price & Volume

Bank of Montreal (BMO) stock price & volume — 10-year historical chart

Loading chart...

Integration Challenges Temper BMO North American Expansion

Investment Thesis • Updated 2026Q2

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Stable
Primary Risk:U.S. commercial credit deterioration

Key Thesis Takeaways

  • Bank of Montreal is navigating a complex transition as it integrates the Bank of the West acquisition while managing elevated credit provisions in its U.S.
  • commercial portfolio.
  • While the bank maintains a stable $85.5 billion equity base, investors should monitor the deceleration of net interest income growth to 3.4% as funding costs remain a persistent headwind.
  • Future performance hinges on the bank's ability to rationalize its cost structure, which has seen efficiency ratios fluctuate between 19.2% and 29.6% over the last ten quarters.

Verdict Logic

while the forward P/E of 12.66 suggests potential value, the $739 million provision for credit losses in 2026Q2 warrants caution regarding ongoing U.S. commercial credit deterioration.

BMO Growth Metrics

Bank of Montreal (BMO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.73%
5 Years17.86%
3 Years27.99%
TTM-

Profit CAGR

10 Years7.14%
5 Years11.31%
3 Years-13.67%
TTM17.81%

EPS CAGR

10 Years5.7%
5 Years8.67%
3 Years-16.98%
TTM20.43%

Return on Capital

10 Years3.64%
5 Years3.89%
3 Years2.75%
Last Year3.38%

BMO Recent Earnings

Bank of Montreal (BMO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 27, 2026
Metric
Actual
Est
EPS
$2.68-4.3%
$2.80
Rev
$7.0B+0.9%
$7.0B
Q1 2026
Feb 25, 2026
Metric
Actual
Est
EPS
$2.51+6.8%
$2.35
Rev
$7.2B+3.2%
$7.0B
Q4 2025
Dec 4, 2025
Metric
Actual
Est
EPS
$2.36+9.3%
$2.16
Rev
$9.3B+37.7%
$6.7B
Q3 2025
Aug 26, 2025
Metric
Actual
Est
EPS
$2.33+9.9%
$2.12
Rev
$8.9B+36.8%
$6.5B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 27, 2026
$2.68vs $2.80-4.3%
$7.0Bvs $7.0B+0.9%
Q1 2026Feb 25, 2026
$2.51vs $2.35+6.8%
$7.2Bvs $7.0B+3.2%
Q4 2025Dec 4, 2025
$2.36vs $2.16+9.3%
$9.3Bvs $6.7B+37.7%
Q3 2025Aug 26, 2025
$2.33vs $2.12+9.9%
$8.9Bvs $6.5B+36.8%
Based on last 12 quarters of dataView full earnings history →

Latest BMO News

Recent stock market news and headlines for Bank of Montreal (BMO)

PRNewsWire·Jun 29, 2026
BMO to Acquire Australia-Based Capital Markets Business of Euroz Hartleys Group, Strengthening Global Metals & Mining Leadership

Combines BMO's market-leading global metals and mining franchise with premier Australian distribution platform, strengthening BMO's position as the leading global metals and mining investment bank Enhances BMO's integrated global platform connecting clients to capital, investors and opportunities across North America, Europe and Australia TORONTO and PERTH, June 29, 2026 /PRNewswire/ - BMO Financial Group (TSX: BMO) (NYSE: BMO) today announced it has entered into a definitive agreement to acquire the Australia-based capital markets business of Euroz Hartleys Group Limited (ASX:EZL), a leading metals and mining-focused equity capital markets, M&A and strategic advisory firm. Euroz Hartleys Group's private wealth business will remain independent and will enter into a strategic alliance agreement with BMO to preserve the interconnected relationship between the capital markets and private wealth businesses and support continued collaboration, research access and distribution opportunities.

Kitco·Jun 23, 2026
BMO cuts gold price forecast as Fed's hawkish shift weighs on precious metals

Gold prices continue to trade near their lows for the year as the Federal Reserve's new hawkish bias takes its toll on the market, with another bank lowering its year-end price forecast.

PRNewsWire·Jun 23, 2026
BMO Named Best Commercial Bank in Canada and the U.S. by World Finance Magazine

TORONTO and CHICAGO, June 23, 2026 /PRNewswire/ - BMO has been named Best Commercial Bank in Canada (12th consecutive year) and Best Commercial Bank in the U.S. (4th consecutive year) by World Finance Magazine . The 2026 World Finance Banking Awards celebrate banking institutions that demonstrate purpose, operational excellence, agility, strong client focus and innovation in delivering banking services.

ETF Trends·Jun 18, 2026
Record Flows, AI, Investor Education: Insights From the BMO Creator Forum

The Canadian ETF industry has entered a new phase of maturity, defined not only by product innovation, but also by a deeper understanding of how investors engage with markets.

PRNewsWire·Jun 18, 2026
BMO Named Best Bank in North America, Western U.S. and Transaction Banking in North America by Global Finance

Recognition highlights BMO's investment in artificial intelligence, digital innovation and client experience  TORONTO and CHICAGO and SAN FRANCISCO, June 18, 2026 /PRNewswire/ - BMO today announced it has been recognized by Global Finance with three top honours: Best Bank in North America, Best Bank in the Western United States, and Best Bank for Transaction Banking in North America, spanning the publication's World's Best Banks and Treasury & Cash Management Awards programmes. The recognition reflects BMO's strength across its North American platform and continued momentum in key markets, as well as its leadership in treasury management, digital payments, artificial intelligence and liquidity solutions.

Peers Comparison

Key metrics vs top competitors for Bank of Montreal (BMO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BMO logoBMOBank of MontrealCurrent
$176.10$123.34B21.90-0.52%11.14%10.1%2.78%
TD logoTDThe Toronto-Dominion Bank
$122.25$206.54B15.05-2.8%13.24%11.85%—
RY logoRYRoyal Bank of Canada
$208.05$290.56B21.012.13%15.93%15.94%—
BNS logoBNSThe Bank of Nova Scotia
$87.09$106.78B21.78148.2%13.45%10.86%—
CM logoCMCanadian Imperial Bank of Commerce
$115.36$106.89B19.15-3.14%15.88%15.17%—
MFC logoMFCManulife Financial Corporation
$41.36$69.35B19.17827.41%8.09%12.29%—

Compare BMO vs Peers

Bank of Montreal (BMO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TD

Most directly comparable listed peer for BMO.

Scale Benchmark

vs JPM

Larger-name benchmark to compare BMO against a more recognizable public peer.

Peer Set

Compare Top 5

vs TD, RY, BNS, CM

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BMO Frequently Asked Questions

Bank of Montreal (BMO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Bank of Montreal growing?

Bank of Montreal (BMO) saw revenue decline by 0.5% over the past year.

Is BMO profitable?

Yes, Bank of Montreal (BMO) is profitable, generating $9.73B in net income for fiscal year 2025 (11.1% net margin).

Dividend & Returns
Does BMO pay dividends?

Yes, Bank of Montreal (BMO) pays a dividend with a yield of 2.78%. This makes it attractive for income-focused investors.

What is BMO's return on equity?

Bank of Montreal (BMO) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.

Industry Metrics
What is Bank of Montreal's net interest margin?

Bank of Montreal (BMO) has a net interest margin (NIM) of 1.5%. NIM has been under pressure due to interest rate environment.

What is Bank of Montreal's efficiency ratio?

Bank of Montreal (BMO) has an efficiency ratio of 26.8%. This is excellent, indicating strong cost control.

What if you invested $1,000 in BMO back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →