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Bank of Montreal /can/
Bank of Montreal /can/ (BMO) is listed on NYSE and classified in Banks - Diversified, part of the Financial Services sector. It is headquartered in Montreal, Canada and has 53,234 employees. The company is worth $118.47B and trades at 19.3x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was CA$36.1B in fiscal 2025, up 12.7% from the year before. Net income was CA$8.71B. The share price is 9.0% below its 52-week high of $187.22. It pays a dividend yielding 2.85%, and has raised its annual dividend for 9 years in a row in our records. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $90.44M. In that quarter, 2 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in CAD, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +60.5% over 5Y.
today you would have $1,855.10▲ +85.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $129.79 | $97.05 | $98.94 | $90.60 | |
| EPS | CA$11.44 | CA$9.51 | CA$5.76 | CA$19.99 | |
| Dividend yield | 4.47% | 2.65% | 4.60% | 4.34% | 4.62% |
| Profit margin | 23.48% | 24.13% | 22.84% | 14.22% | 51.55% |
| ROE | 9.29% | 9.89% | 8.69% |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 2.8% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| MFGMizuho Financial Group Inc | $9.71 | 13.9x | 1.6x | 1.85% | 12.49% | $117.22B |
| HDBHdfc Bank Ltd | $22.44 | 14.6x | 8.9x | 1.83% | 11.01% | $115.33B |
| BNSBank of Nova Scotia | $93.41 | 17.0x | 1.8x | 3.46% | 11.46% | $113.85B |
| COFCapital One Financial Corp | $203.43 |
| 5.82% |
| 19.06% |
This company reports in CAD, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by CAD, so they are not shown; EPS is in CAD. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Dividend growing 6.5% a year against a 9.6% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
-39.2% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 12.5x |
| 1.1x |
| 1.57% |
| 9.39% |
| $124.8B |
| CMECME Group Inc | $305.98 | 25.1x | 4.1x | 3.69% | 16.13% | $110.02B |
| IBNIcici Bank Ltd | $29.94 | 17.5x | 5.6x | 0.83% | 16.49% | $107.48B |