Bank of Montreal
Provides banking, wealth management, and capital-markets services across Canada and the United States.
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Profile
Provides Canadian and U.S. banking alongside wealth-management and capital-markets services. Its operating model spans deposit, lending, advisory, investment, and market-services relationships across North America.
Provides Canadian Personal and Commercial Banking and U.S. Banking services, alongside Wealth Management and Capital Markets. Its relationships span deposits, lending, advisory, investment, and market services across Canada and the United States.
Founded in Montreal in 1817, the bank has a long North American operating history. Its U.S. banking franchise has expanded through acquisitions, including Bank of the West.
Canadian and U.S. banking form the consumer and commercial base, while Wealth Management and Capital Markets complete the four-segment structure.
Operations are shaped by its status as a Canadian chartered bank, by banking regulation, and by risk management.
Company facts
Key statistics
Year to date +30.1% · Average volume (30d) 776.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Morgan Stanley | Target | $580 | |||
| Aug 25, 2026 | BMO Capital | Target | $103 | $203 | ||
| Aug 24, 2026 | BMO Capital | Reiterate | Market Perform | $140 | $103 | |
| Aug 24, 2026 | Capital One Financial | Target | $74 | |||
| Aug 24, 2026 | RBC Capital | Target | $74 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 25, 2026Q3 FY26 | $2.71 | $2.84 | +4.8% | $6.94B | $7.10B | +2.4% | +0.64% |
| May 27, 2026Q2 FY26 | $2.80 | $2.68 | −4.3% | $6.98B | $7.04B | +0.9% | −0.79% |
| Feb 25, 2026Q1 FY26 | $2.35 | $2.51 | +6.8% | $6.98B | $7.21B | +3.2% | +0.49% |
| Dec 4, 2025Q4 FY25 | $2.16 | $2.36 | +9.3% | $6.72B | $9.26B | +37.7% | +1.70% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $13.84B | $13.80B | $13.87B | $13.90B | $13.87B | $14.44B | |
| Gross profit | $5.49B | $5.86B | $6.12B | $6.51B | $6.33B | $6.57B | |
| Operating income | $1.87B | $2.22B | $2.18B | $2.39B | $2.52B | $1.80B | |
| Net income | $1.41B | $1.67B | $1.65B | $1.79B | $1.89B | $1.26B | |
| Diluted EPS | $1.80 | $2.26 | $2.11 | $2.44 | $2.52 | $1.70 | |
| Gross margin | 39.6% | 42.5% | 44.1% | 46.9% | 45.6% | 45.5% | |
| Operating margin | 13.5% | 16.1% | 15.7% | 17.2% | 18.1% | 12.4% |
Fiscal years (4-quarter sums)FY21 $23.37B · FY22 $26.81B · FY23 $48.95B · FY24 $56.51B · FY25 $56.22B
Revenue by geography · FY25
Balance sheet, Jul 31, 2026Cash & short-term investments $53.32B · Total debt $120.44B · Total assets $1.11T · Shareholders' equity $62.27B
Dividends
Raised for 5 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 30, 2026 | Jul 30 | Aug 26 | $1.2211 | cut from $1.2214 |
| Apr 29, 2026 | Apr 29 | May 26 | $1.2214 | cut from $1.2332 |
| Jan 30, 2026 | Jan 30 | Feb 26 | $1.2332 | raised from $1.1657 |
| Oct 30, 2025 | Oct 30 | Nov 26 | $1.1657 | cut from $1.1798 |
| Jul 30, 2025 | Jul 30 | Aug 26 | $1.1798 | raised from $1.1476 |
| Apr 29, 2025 | Apr 29 | May 27 | $1.1476 | raised from $1.1035 |
| Jan 30, 2025 | Jan 30 | Feb 26 | $1.1035 | cut from $1.1142 |
| Oct 30, 2024 | Oct 30 | Nov 26 | $1.1142 | cut from $1.1192 |
Ownership
Shares outstanding 700.42M · Float 699.60M · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Royal Bank of Canada | 52.17M | 7.45% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 37.02M | 5.10% | 13G | Jul 17, 2025 |
| Bank of Montreal /Can/ | 28.13M | 4.02% | 13F | Aug 12, 2026 |
| Vanguard Capital Management LLC | 20.48M | 2.92% | 13F | Aug 13, 2026 |
| TD Asset Management Inc | 15.23M | 2.17% | 13F | Aug 4, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Royal Bank of Canada
Broad Canadian banking, wealth and capital-markets overlap
- Toronto-Dominion Bank
Direct overlap in Canadian and U.S. banking, wealth and wholesale banking
- Scotiabank
Canadian banking, wealth and capital-markets competitor
- CIBC
Canadian banking, commercial wealth and capital-markets overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bank of Montreal | $171.86 | −0.04% | $120.37B | 19.6 | 14.7 | 2.2 | −20.6% |
| Royal Bank of Canada | $204.20 | −0.03% | $283.83B | 17.9 | 16.3 | 2.8 | −22.1% |
| Toronto-Dominion Bank | $120.19 | −0.90% | $204.85B | 18.1 | 15.8 | 2.5 | −22.1% |
| Scotiabank | $92.09 | −0.31% | $112.63B | 16.8 | 13.8 | 2.2 | −42.3% |
| CIBC | $114.24 | −0.10% | $105.94B | 15.3 | 14.4 | 2.3 | −17.4% |
| Median | 17.4 | 15.1 | 2.4 | −22.1% |