BMO.TO - Bank of Montreal

Toronto - Toronto Delayed Price. Currency in CAD
72.82
+1.94 (+2.74%)
At close: 4:00PM EDT
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Previous Close70.88
Open70.99
Bid72.82 x 0
Ask72.91 x 0
Day's Range70.91 - 72.95
52 Week Range55.76 - 104.75
Volume4,538,401
Avg. Volume3,377,714
Market Cap46.579B
Beta (5Y Monthly)1.01
PE Ratio (TTM)9.72
EPS (TTM)7.49
Earnings DateAug. 25, 2020
Forward Dividend & Yield4.24 (5.98%)
Ex-Dividend DateJul. 31, 2020
1y Target Est76.09
  • Market Crash: 3 Stocks I’ll Be Buying on the Next Dip
    The Motley Fool

    Market Crash: 3 Stocks I’ll Be Buying on the Next Dip

    Bank of Montreal (TSX:BMO)(NYSE:BMO) and two TSX dividend stocks are at the top of my market crash shopping list this year.The post Market Crash: 3 Stocks I'll Be Buying on the Next Dip appeared first on The Motley Fool Canada.

  • My Top 3 Bank Stocks to Buy in July
    The Motley Fool

    My Top 3 Bank Stocks to Buy in July

    Canada’s economy is on the mend, which is good news for top banks stocks like Toronto-Dominion Bank (TSX:TD)(NYSE:TD) this summer.The post My Top 3 Bank Stocks to Buy in July appeared first on The Motley Fool Canada.

  • CNW Group

    BMO Announces $100,000 Grant Program for Women-Owned Businesses

    TORONTO, July 8, 2020 /CNW/ - As part of its longstanding commitment to helping the advancement of women, BMO Financial Group today announced the details of its new grant program for women-owned businesses, in collaboration with Deloitte. To celebrate business owners' innovation and resilience during the pandemic and provide additional support, BMO Celebrating Women – a BMO-owned community program – has pledged $100,000 in grants to Canadian entrepreneurs. This new grant program will award ten women-owned businesses with $10,000 to put towards their business.

  • Retirees: Your 1st 3 Years of Retirement Are Crucial
    The Motley Fool

    Retirees: Your 1st 3 Years of Retirement Are Crucial

    The first three years of retirement is the time to structure finances. Retirees who can organize and supplement pensions with investment income from a Dividend Aristocrat like the Bank of Montreal stock can expect to live a comfortable lifestyle.The post Retirees: Your 1st 3 Years of Retirement Are Crucial appeared first on The Motley Fool Canada.

  • Bank of Canada Says Business Sentiment Is at Lowest Since 2009
    Bloomberg

    Bank of Canada Says Business Sentiment Is at Lowest Since 2009

    (Bloomberg) -- Canadian business sentiment has fallen to its lowest level since the 2008-2009 recession as sales slow and uncertainty about future growth remains elevated, according to a survey of executives released Monday by the Bank of Canada.The Ottawa-based central bank polled businesses between May 12 and June 5 to gauge sentiment during the pandemic. The results show that even as provinces begin to reopen their economies, many businesses are still struggling with weak demand.The plunge in sentiment is hardly a surprise, given the nation fell into its deepest recession last quarter since the Great Depression. While there are some positive notes with the central bank highlighting that many businesses expect a fairly quick rebound, the overall gist of the data paints a business sector that has suffered a major shock.Results “suggest that business sentiment is strongly negative in all regions and sectors due to impacts from the Covid-19 pandemic and the drop in oil prices,” the Bank of Canada said in a summary of its findings.The composite gauge of sentiment declined to -7, the lowest reading since the financial crisis. Companies reported growing slack in capacity, easing price pressures and collapsing forward-sales expectations. Firms also signaled a significant decrease in capital spending plans, along with weakening hiring intentions despite the massive increase in job losses in recent months.The survey “was extraordinarily weak, but that comes as no surprise given the survey was taken when swathes of the economy were still shut,” Benjamin Reitzes, Canadian rates and macro strategist at Bank of Montreal, said in a report.Almost half of all executives surveyed reported a decline in sales in the past 12 months because of the impact from Covid-19, lower energy prices and heightened uncertainty. Businesses continue to expect weak demand in the future with more firms expecting lower future sales growth in the next year. Indicators of future sales -- like orders and sales inquiries -- fell to record lows.“Firms reported that, while capacity could resume quickly as the economy reopens and containment measures are lifted, the recovery in demand is expected to be more gradual,” the report said.Government AidStill, business seems to be less pessimistic than they were during the financial crisis -- with more than half of firms expecting their sales and employment levels to be near pre-pandemic levels within a year.Government support seems to be buffering the economic fallout, with some firms citing the federal government’s wage subsidy program as helping reduce the need for layoffs. The survey was also taken in May when lockdowns were being lifted, mitigating the impact on the numbers.“The headline reading probably could have been even worse if the survey had been conducted a month earlier,” Andrew Grantham and Katherine Judge, economists at Canadian Imperial Bank of Commerce, said in a report.While millions of jobs were lost in March and April due to the pandemic-induced shutdowns, jobs have started to come back and the results of the survey reinforce the view that employers are looking to rehire. A majority of firms that recently let go workers have plans to refill at least some of the positions in the next 12 months, the survey found.Still, the era of tight labor markets in Canada is over. The share of businesses reporting major labor shortages has declined significantly, suggesting a “broad-based increase in labor market slack”.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • TFSA: 2 Canadian Stocks to Build You a Tax-Free Fortune
    The Motley Fool

    TFSA: 2 Canadian Stocks to Build You a Tax-Free Fortune

    Bank of Montreal (TSX:BMO)(NYSE:BMO) and another stock that young TFSA investors should buy and hold for decades at a time.The post TFSA: 2 Canadian Stocks to Build You a Tax-Free Fortune appeared first on The Motley Fool Canada.

  • 2 Top Bank Stocks Millennials Should Be Buying Today
    The Motley Fool

    2 Top Bank Stocks Millennials Should Be Buying Today

    It’s been a rough year for the Canadian banks. They may be down year to date, but there are a couple of reasons why long-term investors should consider shares of either of these two banks today. The post 2 Top Bank Stocks Millennials Should Be Buying Today appeared first on The Motley Fool Canada.

  • Reuters

    Canada's biggest banks join boycott of Facebook platforms

    Canada's biggest lenders confirmed on Friday they had joined a widespread boycott of Facebook Inc begun by U.S. civil rights groups seeking to pressure the world's largest social media platform to take concrete steps to block hate speech. More than 400 brands have pulled advertising on Facebook in response to the "Stop Hate for Profit" campaign, begun after the death of George Floyd, a Black man who died in police custody in Minneapolis on May 25. Canadian lenders Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, National Bank of Canada and Canadian Imperial Bank of Commerce all said they will pause advertising on Facebook platforms in July.

  • How Much in Dividends You’ll Receive With $10,000 Invested in BMO (TSX:BMO) Stock
    The Motley Fool

    How Much in Dividends You’ll Receive With $10,000 Invested in BMO (TSX:BMO) Stock

    You can generate almost $600 in annual dividends by investing $10,000 in BMO (TSX:BMO)(NYSE:BMO) stock. The post How Much in Dividends You'll Receive With $10,000 Invested in BMO (TSX:BMO) Stock appeared first on The Motley Fool Canada.

  • U.S. Job-Growth Optimism Tempered by Stall in States’ Reopenings
    Bloomberg

    U.S. Job-Growth Optimism Tempered by Stall in States’ Reopenings

    (Bloomberg) -- The U.S. labor market made greater progress than expected last month digging out of a deep hole, yet optimism over the rebound was tempered by stubbornly high layoffs and a resurgent coronavirus outbreak across the country.Thursday’s simultaneous release of the monthly employment report and the weekly jobless claims data offered diverging snapshots of the economy: One reflecting a flurry of rehiring -- particularly at restaurants and retailers -- as state economies reopened. The other reflecting a jump in new virus cases, which has led many of those same states to halt or even walk back reopening plans.While President Donald Trump said the jobs figures proved the economy is “roaring back,” the pace of recovery may slow or even stall if employers grow cautious and delay rehiring workers -- in fact, some have already been laid off a second time.Paired with the coming expiration of the federal government’s extra $600 in weekly unemployment benefits, the economy could take another hit in the months ahead. Even a decade from now, the jobless rate will still be above pre-pandemic levels, according to Congressional Budget Office projections released Thursday.“No one should be expecting we’re on a straight trajectory higher,” said Jennifer Lee, senior economist at BMO Capital Markets. Initial jobless claims are the “worrying part” of Thursday’s figures, and “it’s going to be a few steps forward and a couple steps back,” she said.Payrolls rose by a more-than-expected 4.8 million in June after an upwardly revised 2.7 million gain in the prior month, according to Labor Department figures. The data, which offer a snapshot of mid-month conditions, also showed the unemployment rate fell for a second month to 11.1%. That was a bigger decline than anticipated, but the rate still remains far above the pre-pandemic half-century low of 3.5%.Meanwhile, a separate weekly report showed initial applications for unemployment benefits in state programs remained extremely elevated last week, falling by less than expected to 1.43 million new applications. Continuing claims -- or claims for ongoing unemployment benefits in state programs -- rose slightly to 19.3 million in the week ended June 20.U.S. stocks rose following the data, though they pared gains on speculation that a second wave of coronavirus cases could jeopardize an economic rebound.What Bloomberg’s Economists Say“The upward surprise in the June jobs report demonstrates that economic fundamentals remain strong enough to facilitate a relatively robust recovery once Covid-19 is under control. However, in the near term, the positive signal somewhat fades given the recent sharp acceleration in new virus cases and the looming income cliff stemming from the expiration of augmented unemployment benefits this month.”\-- Yelena Shulyatyeva, Andrew Husby and Eliza WingerRead more for the full reaction note.The Labor Department’s Bureau of Labor Statistics has largely fixed a problem that resulted in respondents being misclassified as employed when they should have been labeled as unemployed. Adjusted for the errors, the June unemployment rate would have been about 1 percentage point higher than reported -- or 12.3%, compared with an adjusted 16.4% in May. “The degree of misclassification declined considerably in June,” BLS said.The increase in payrolls was led by leisure and hospitality and retail, illustrating the effect of the easing of business restrictions. Health care also saw increases as doctors’ and dentists’ offices reopened.It’s a “little more disconcerting that we’re not seeing broad-based gains across industries,” BMO’s Lee said.Also, state government payrolls fell by another 25,000 -- the fourth straight decline -- as budget situations grew more dire amid falling tax revenues.Beneath the headline numbers are even bigger underlying trends. About 17.8 million Americans remain unemployed, down from 23.1 million in April, indicating that only about a third of the jobs lost during the pandemic have been recovered.Another is massive churn: About 12.4 million people were newly employed in June -- about double the pre-pandemic pace -- according to BLS figures compiled by Bloomberg, while the rate of people moving from employed to unemployed was also double last year’s average rate.White House economic adviser Larry Kudlow, speaking on Bloomberg Television, said the report was “spectacular” and many more people temporarily laid off will return to work.Trump’s Democratic opponent, Joe Biden, said on a livestream Thursday that the positive jobs report doesn’t compensate for the scale of the health crisis. “There is no victory to be celebrated,” he said. “We’re still down nearly 15 million jobs, and the pandemic is getting worse, not better.”Key NumbersUnemployment among minorities and women remained worse than among White Americans and men. The Black unemployment rate fell to 15.4% from 16.8%, while it declined to 10.1% from 12.4% among White Americans. Hispanic unemployment dropped to 14.5% from 17.6%.Meanwhile, the household survey showed more than 2.8 million Americans permanently lost their job in June, a 588,000 increase from a month earlier that was the biggest since the start of 2009. While the total number is the highest in six years, the figure bears watching for more systemic damage to the labor market caused by the pandemic.“The first thing I looked at was number of people permanently laid off and that continues to climb, and I think that’s some cause of concern,” said Ryan Sweet, head of monetary policy research at Moody’s Analytics. “Even when this pandemic’s over those people are going to need to find work.”Read more:What’s on the Table for Next Round of U.S. Virus ReliefBlack Unemployment Rate Drops, Still Outpaced by White Job GainsTrump Says Jobs Report Shows the U.S. Economy Is ‘Roaring Back’U.S. Jobless-Claims Figures Inflated by States’ Backlog-ClearingCoronavirus Resurgence Threatens Fragile U.S. Economic Recovery(Adds CBO forecast, closing stocks.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Dividend Stocks: Should You Hold These 2 At-Risk Names?
    The Motley Fool

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    Names like Enbridge (TSX:ENB)(NYSE:ENB) still top the blue-chip dividend stock lists. But are the risks too high, and are there better alternatives?The post Dividend Stocks: Should You Hold These 2 At-Risk Names? appeared first on The Motley Fool Canada.

  • 3 Best Dividend Stocks for July 2020
    The Motley Fool

    3 Best Dividend Stocks for July 2020

    Buy these dividend stocks in July to get awesome returns from dividends. At these levels, they can deliver outsize price appreciation as well!The post 3 Best Dividend Stocks for July 2020 appeared first on The Motley Fool Canada.

  • CNW Group

    BMO Wins ATD BEST Award for Talent Development and Corporate Learning

    TORONTO, July 2, 2020 /CNW/ - The Association for Talent Development (ATD) has recognized BMO Financial Group with a 2020 BEST Award. Distinguishing corporations that demonstrate enterprise-wide success through talent development, ATD's BEST Award is one of the industry's most rigorous and coveted recognitions. "It is an honour to be recognized by ATD with a BEST Award again this year," said Karen Collins, Chief Talent Officer, Bank of Montreal.

  • Insider Buying: 2 TSX High-Yield Stocks That Are Too Cheap to Ignore
    The Motley Fool

    Insider Buying: 2 TSX High-Yield Stocks That Are Too Cheap to Ignore

    Bank of Montreal (TSX:BMO)(NYSE:BMO) and another TSX high-yield stock have had a considerable amount of insider buying of late.The post Insider Buying: 2 TSX High-Yield Stocks That Are Too Cheap to Ignore appeared first on The Motley Fool Canada.

  • Thomson Reuters StreetEvents

    Edited Transcript of BMO.TO earnings conference call or presentation 27-May-20 11:15am GMT

    Q2 2020 Bank of Montreal Earnings Call

  • CNW Group

    Bank of Montreal Announces Conversion Privilege of $200,000,000 Non-Cumulative 5-year Rate Reset Class B Preferred Shares, Series 33 (NVCC)

    Bank of Montreal Announces Conversion Privilege of $200,000,000 Non-Cumulative 5-year Rate Reset Class B Preferred Shares, Series 33 (NVCC)

  • Here’s the Max Amount of OAS and CPP Pension You Can Get
    The Motley Fool

    Here’s the Max Amount of OAS and CPP Pension You Can Get

    Even if retirees receive the maximum OAS and CPP, chances of financial dislocation during retirement are high. The advice is to invest in a blue-chip asset like the Bank of Montreal stock to have enough supplements to the pension.The post Here’s the Max Amount of OAS and CPP Pension You Can Get appeared first on The Motley Fool Canada.

  • Reuters

    REFILE-NAB taps Canada-based bank executive to lead business & private banking division

    National Australia Bank, the country's third largest lender, on Monday named Canada-based banking executive Andrew Irvine to head its business & private banking division as the industry grapples with slowing revenues in a coronavirus-hit economy. Irvine takes the helm as businesses and individuals struggle to pay back loans amid the health crisis with the lender earlier this month stating it is prepared to deny any more loans to customers who cannot repay. Irvine, who is set to relocate to Melbourne and start at NAB on Sept. 1, was the head of the Canadian business banking division of Bank of Montreal, where he has worked in different executive roles since 2008.

  • Why CRA’s CERB Extension Could Create Financial Problems for Many Canadians
    The Motley Fool

    Why CRA’s CERB Extension Could Create Financial Problems for Many Canadians

    Invest in a dividend stock like Bank of Montreal (TSX:BMO)(NYSE:BMO) and you can generate your own recurring income, with or without the CERB.The post Why CRA's CERB Extension Could Create Financial Problems for Many Canadians appeared first on The Motley Fool Canada.

  • These 2 Value Stocks Are Absurdly Cheap Right Now
    The Motley Fool

    These 2 Value Stocks Are Absurdly Cheap Right Now

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  • Baystreet

    Stocks in play: BMO Financial Group

    Has been named to the top ten of Corporate Knights' 2020 Canada's Best 50 Corporate Citizens list. Ranked ...

  • 15 Top TSX Large Caps to Buy in July
    The Motley Fool

    15 Top TSX Large Caps to Buy in July

    We asked 15 of our Foolish writers for their top large-cap stock picks - their picks include Shopify (TSX:SHOP)(NYSE:SHOP), Canadian Pacific Railway Ltd. (TSX:CP)(NYSE:CP), and Dollarama (TSX:DOL). Click here to see the rest!The post 15 Top TSX Large Caps to Buy in July appeared first on The Motley Fool Canada.

  • CNW Group

    BMO Continues Support for Women Entrepreneurs with New Grant Program

    TORONTO , June 25, 2020 /CNW/ - To continue to lend support to women entrepreneurs, BMO Financial Group will be evolving its BMO Celebrating Women program to introduce a new grant program to help Canadian women entrepreneurs who have innovated their businesses as a result of COVID-19. As many business owners prepare to reopen, BMO recognizes the hardships women entrepreneurs in particular have faced during this pandemic and wants to celebrate their innovative work. BMO has established an advisory committee and judging panel consisting of leaders from key strategic partner organizations and additionally will be partnering with a third-party firm to lead the selection process.

  • CNW Group

    BMO Unveils New Podcast for Canadian Businesses

    TORONTO , June 25, 2020 /CNW/ - BMO has today introduced a new podcast dedicated to Canadian businesses. The podcast – Business Unplanned – will provide business owners with expert opinions and advice on business resiliency and adaptability during this uncertain time. This announcement builds off of the bank's recently introduced online resource hub and will provide Canadian businesses with an additional resource to help their long-term growth.

  • CNW Group

    BMO Financial Group Named to Top Ten of Canada's Best 50 Corporate Citizens by Corporate Knights

    BMO ranked top major bank in Canada Reflects commitment to sustainable future and carbon neutrality TORONTO , June 25, 2020 /CNW/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) has been named to the top ten ...