BMO - Bank of Montreal

NYSE - NYSE Delayed Price. Currency in USD
49.31
-1.02 (-2.03%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close50.33
Open49.62
Bid49.34 x 1200
Ask49.99 x 1200
Day's Range48.87 - 50.07
52 Week Range38.31 - 79.93
Volume1,020,195
Avg. Volume1,234,450
Market Cap31.61B
Beta (5Y Monthly)1.02
PE Ratio (TTM)8.03
EPS (TTM)6.14
Earnings DateN/A
Forward Dividend & Yield3.03 (6.03%)
Ex-Dividend DateJul. 31, 2020
1y Target Est85.95
  • These 3 Canadian Dividend Kings Haven’t Missed a Payout for 100+ Years
    The Motley Fool

    These 3 Canadian Dividend Kings Haven’t Missed a Payout for 100+ Years

    Dividend kings like BCE Inc. (TSX:BCE)(NYSE:BCE) and Bank of Montreal (TSX:BMO)(NYSE:BMO) and their impressive dividend histories would look good in any portfolio. The post These 3 Canadian Dividend Kings Haven't Missed a Payout for 100+ Years appeared first on The Motley Fool Canada.

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    The Motley Fool

    TFSA Investing: 3 TSX Dividend Stocks to Buy

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  • How to Prevent the CRA From Clawing Back Your $2,000 CERB!
    The Motley Fool

    How to Prevent the CRA From Clawing Back Your $2,000 CERB!

    Consider using your cash savings in the Bank of Montreal stock after learning how to avoid paying back your CERB payments.The post How to Prevent the CRA From Clawing Back Your $2,000 CERB! appeared first on The Motley Fool Canada.

  • Why This Is the Time to Buy Canada’s Best Dividend Stocks
    The Motley Fool

    Why This Is the Time to Buy Canada’s Best Dividend Stocks

    Canada's beaten-down banking stocks have become attractive and offer one of the best avenues to earn steadily growing dividends.The post Why This Is the Time to Buy Canada’s Best Dividend Stocks appeared first on The Motley Fool Canada.

  • BMO Financial Group signs IFC led Operating Principles for Impact Management
    CNW Group

    BMO Financial Group signs IFC led Operating Principles for Impact Management

    BMO Financial Group signs IFC led Operating Principles for Impact Management

  • Bank of Montreal (TSX:BMO) Earnings Report: 3 Numbers You Need to Know
    The Motley Fool

    Bank of Montreal (TSX:BMO) Earnings Report: 3 Numbers You Need to Know

    Bank of Montreal earnings disappoint as the pandemic driven economic crisis causes the possibility of significant credit losses.The post Bank of Montreal (TSX:BMO) Earnings Report: 3 Numbers You Need to Know appeared first on The Motley Fool Canada.

  • Students of Canada: Are You Eligible for $5,000 Crisis Money?
    The Motley Fool

    Students of Canada: Are You Eligible for $5,000 Crisis Money?

    The federal government is offering a $5,000 grant to Canadian students who will volunteer to help in the COVID-19 efforts. For millennials looking to invest, the Bank of Montreal stock can be an income provider for decades to come.The post Students of Canada: Are You Eligible for $5,000 Crisis Money? appeared first on The Motley Fool Canada.

  • CNW Group

    Kids Help Phone Never Dance Alone-a-thon powered by BMO in Support of Youth in Canada

    TORONTO, May 28, 2020 /CNW/ - Kids Help Phone's annual Walk so Kids Can Talk presented by BMO is back for another year, this time with a twist. The new virtual Never Dance Alone-a-thon powered by BMO will take place across Canada this Sunday, May 31st, to encourage fundraising and spread awareness about the importance of supporting young people through an especially distressing and uncertain time. Since early March, Kids Help Phone has experienced a record surge in demand from youth experiencing stress and anxiety as a result of COVID-19.

  • Baystreet

    Is it Time to Buy This Canadian Bank ETF?

    Several top Canadian banks have released their second quarter 2020 results in late May. There was considerable ...

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,272.03, up 123.91 points.)Air Canada (TSX:AC). Industrials. Down $1.23, or 6.96 per cent, to $16.44 on 17.4 million shares.HEXO Corp. (TSX:HEXO). Health care. Down three cents, or 3.09 per cent, to 94 cents on 12.7 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down five cents, or 0.21 per cent, to $24.28 on 11.5 million shares. The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down 5.5 cents, or 10.19 per cent, to 48.5 cents on 10.5 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 1.96 per cent, to 52 cents on 10.4 million shares.The Toronto-Dominion Bank (TSX:TD). Financials. Up $2.89, or 4.83 per cent, to $62.0 on 10.3 million shares.Companies in the news:Rogers Communications Inc. (TSX:RCI.B). Up 95 cents or 1.7 per cent to $57.50. Sales of mobile phones have been "very quiet" and likely won't pick up until customers return to stores and malls that have been temporarily closed due to the pandemic, the head of Canada's largest wireless business said Wednesday. Rogers has opened about 90 stores in each of the past three weeks, Rogers CEO Joe Natale said. He said the slower pace of phone sales has reduced costs for Rogers, which spent about $2 billion in 2019 to subsidize customer phone purchases. ATS Automation Tooling Systems Inc. (TSX:ATA). Down 69 cents, or 3.1 per cent to $21.55. ATS Automation Tooling Systems Inc. says it is focused on its costs and the preservation of liquidity as it works to deal with disruptions caused by the pandemic. The maker of automation systems says it has cut discretionary spending, deferred of some capital investments, and in some locations temporarily laid off workers and reduced hours. ATS made the comments as it reported a fourth-quarter profit of $13.1 million or 14 cents per diluted share, down from a profit of $18.2 million or 20 cents per share a year ago.Torstar Corp. (TSX:TS.B). Up 20 cents or 50 per cent to 60 cents. Shares of Torstar Corp. surged Wednesday after the media giant struck a $52-million deal to be bought by a firm operated by two Canadian businessmen. The owner of the Toronto Star newspaper, and numerous other local media outlets, announced late Tuesday it would be taken private by NordStar Capital LP, owned by Paul Rivett and Jordan Bitove. The NordStar offer is 63 cents per share for all of Torstar's outstanding class A shares and class B non-voting shares.BMO Financial Group (TSX:BMO). Up 59 cents to $70.78. BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic. The bank said Wednesday its total provision for credit losses for the quarter was $1.11 billion, up from $176 million in the same quarter last year. However, BMO still reported a profit of $1.00 per share for the quarter ended April 30 compared with a profit of $2.26 per share a year earlier.Royal Bank of Canada (TSX:RY). Up $4.22 or 4.8 per cent to $92.25. A massive increase in provisions for bad loans due to the COVID-19 pandemic resulted in Royal Bank of Canada reporting a 54 per cent decline in its second-quarter profit. It recorded a $2.4-billion increase in provisions for credit losses at its personal and commercial banking, capital markets and wealth management units. RBC's net profit for the three months ended April 30 declined to $1.48 billion from $3.23 billion a ago. The drop was due mainly to $2.83 billion of provisions for credit losses, up from $426 million in the same quarter last year.This report by The Canadian Press was first published May 27, 2020.The Canadian Press

  • Bloomberg

    BMO’s $130 Million Trading Loss Shows Pain From Notes, Hedging

    (Bloomberg) -- Bank of Montreal had about C$180 million ($130 million) in trading losses on a single day in March, a sign of just how risky stocks were as the coronavirus outbreak became a global pandemic.The loss, disclosed Wednesday in a quarterly presentation, marks the company’s worst trading day in more than a decade.“On that day, there was significant volatility in the market related to both equity levels, volatility levels and relationships that exist between different reference spots in the market,” Chief Financial Officer Tom Flynn said in an interview Wednesday.Two-thirds of the trading losses on that day were tied to the firm’s equity-linked note-related business, according to Flynn. The business sells notes to investors that give them returns linked to equities. The other third of the day’s trading losses were from hedging around Bank of Montreal’s derivative book, he said.In the quarter ended April 30, Bank of Montreal’s trading revenue fell 35% to C$321 million, with its equities business showing a C$137 million loss for the three-month period. Among Canadian banks that have reported fiscal second-quarter results so far, Bank of Montreal is the only one with a decline in trading revenue for the period.The company, in its presentation Wednesday, offered an explanation: “In March, markets experienced unprecedented asset price declines, record volatility, extreme liquidity challenges and dislocations, and significant widening of corporate bond spreads. Given certain trading activities and positions, we experienced negative trading revenue during the most volatile days.”Flynn described the quarter’s trading results as “mixed” with “strong results” in fixed-income, currencies and commodities. For equities, he said, it was a “tougher quarter.”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.

  • Bank of Montreal (BMO) Q2 2020 Earnings Call Transcript
    Motley Fool

    Bank of Montreal (BMO) Q2 2020 Earnings Call Transcript

    Image source: The Motley Fool. Bank of Montreal (NYSE: BMO)Q2 2020 Earnings CallMay 27, 2020, 7:15 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning and welcome to the BMO Financial Group Q2 2020 Earnings Release and Conference Call for May 27th, 2020.

  • BMO reports Q2 profit down from year ago as provisions for credit losses rise
    The Canadian Press

    BMO reports Q2 profit down from year ago as provisions for credit losses rise

    TORONTO — BMO Financial Group reported a second-quarter profit of $689 million, down from $1.5 billion a year ago, as it increased the amount set aside for bad loans due to the pandemic.The bank said Wednesday its total provision for credit losses for the quarter was $1.11 billion, up from $176 million in the same quarter last year.However, BMO still reported a profit of $1.00 per share for the quarter ended April 30 compared with a profit of $2.26 per share a year earlier.BMO chief executive Darryl White said the full scope and scale of the of the pandemic remains uncertain, but the bank is well positioned to face the challenges."For the second quarter, we demonstrated the resilience of our earnings power as we earned through the impact of market volatility and prudent loan loss provisioning," White said. "As we transition to the reopening of our economies, we will sustain and adapt operations to support our customers, employees, communities and the broader economic recovery, and together emerge from this crisis even stronger."On an adjusted basis, BMO says it had a profit of $1.04 per share for the quarter compared with an adjusted profit of $2.30 per share a year ago.Analysts on average had expected an adjusted profit of $1.22 per share for the quarter, according to financial markets data firm Refinitiv.BMO said its provision for credit losses on impaired loans was $413 million, up from $150 million a year ago, while the provision for credit losses on performing loans totalled $705 million due to the weaker economic outlook.The bank said it Canadian personal and commercial banking business earned $361 million for the quarter, down from $616 million a year ago due to the higher provisions for credit losses, while higher revenue was partially offset by higher expenses.In the U.S., the bank's personal and commercial banking operations earned $339 million, compared with $406 million in same quarter a year ago.BMO's wealth management division earned $144 million, compared with $305 million a year ago, while its capital markets operations lost $74 million, compared a profit of $250 million in the same quarter last year.Results at the bank's corporate services group was relatively unchanged at a loss of $81 million, compared a loss of $80 million a year ago.This report by The Canadian Press was first published May 27, 2020.Companies in this story: (TSX:BMO)The Canadian Press

  • Bank of Montreal (BMO) Q2 Earnings and Revenues Miss Estimates
    Zacks

    Bank of Montreal (BMO) Q2 Earnings and Revenues Miss Estimates

    Bank of Montreal (BMO) delivered earnings and revenue surprises of -19.15% and -8.43%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Bank of Montreal Sets Aside $813 Million for Soured Loans
    Bloomberg

    Bank of Montreal Sets Aside $813 Million for Soured Loans

    (Bloomberg) -- Bank of Montreal followed other Canadian lenders in building up reserves for loan losses to brace for the aftershocks from plunging oil prices and a pandemic that’s caused a near economic standstill.Bank of Montreal, which has consumer-banking operations in Canada and the U.S., set aside a record C$1.12 billion ($813 million) in loan-loss provisions in the fiscal second quarter. The Toronto-based lender joins Bank of Nova Scotia and National Bank of Canada in posting a surge in provisions, which eroded earnings in results for Bank of Montreal that missed analysts’ estimates.Key InsightsBanks in Canada are trying to get ahead of soured loans they expect to result from the double-whammy of low oil prices sideswiping the energy industry and pandemic-spurred lockdowns that shuttered businesses, leading to record unemployment. Bank of Montreal’s provisions as a percentage of average net loans was 0.94% in the quarter, triple the portion in the first quarter and up from 0.16% a year earlier.Canadian banking is the lender’s largest division and typically accounts for most of its loan-loss provisions. The domestic retail bank posted C$361 million of profit in the quarter, down 41% from a year earlier on a surge in provisions.Chief Executive Officer Darryl White has pushed for more growth from the U.S. banking division, which includes Chicago-based BMO Harris Bank. Earnings from the U.S. personal and commercial division fell 17% to C$339 million from a year earlier.Market volatility in the early days of Covid-19 had been a boon for banks’ capital-markets divisions thanks to heavy trading, countering some of the pandemic’s pain. That volatility failed to help Bank of Montreal. The company’s BMO Capital Markets unit posted a C$74 million loss in the quarter, compared with a C$250 million profit a year earlier, as trading revenue and investment banking fees fell.Market ReactionBank of Montreal shares have fallen 30% this year through Tuesday, compared with a 20% decline for Canada’s eight-company S&P/TSX Commercial Banks Index.Get MoreSecond-quarter net income fell 54% to C$689 million, or C$1 a share, from C$1.5 billion, or C$2.26 a share, a year earlier. Adjusted per-share earnings totaled C$1.04 a share, missing the C$1.27 average estimate of 12 analysts in a Bloomberg survey.Read more about Bank of Montreal’s quarterly results here.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.

  • BMO Financial Group Declares Dividends
    CNW Group

    BMO Financial Group Declares Dividends

    TORONTO , May 27, 2020 /CNW/ - Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced that its Board of Directors declared a quarterly dividend of $1.06 per share on paid-up common shares of Bank of Montreal ...

  • ACCESSWIRE

    Bank of Montreal to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 27, 2020 / Bank of Montreal (NYSE:BMO) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on May 27, 2020 at 7:15 AM Eastern ...

  • $2,000 Invested in These 3 TSX Stocks Could Make You a Fortune in 10 Years
    The Motley Fool

    $2,000 Invested in These 3 TSX Stocks Could Make You a Fortune in 10 Years

    The market crashed and many stocks are still cheap. Now you can make a fortune from these TSX stocks over the next 10 years.The post $2,000 Invested in These 3 TSX Stocks Could Make You a Fortune in 10 Years appeared first on The Motley Fool Canada.

  • ALERT: Canadian Banks Earnings Loom: Buy the Dip or Jump Ship?
    The Motley Fool

    ALERT: Canadian Banks Earnings Loom: Buy the Dip or Jump Ship?

    Should you be a buyer of Royal Bank of Canada (TSX:RY)(NYSE:RY) and the Big Six Canadian banks headed into a brutal second quarter?The post ALERT: Canadian Banks Earnings Loom: Buy the Dip or Jump Ship? appeared first on The Motley Fool Canada.

  • Top TSX Financial Stocks for June 2020
    The Motley Fool

    Top TSX Financial Stocks for June 2020

    We asked our writers for their top stock picks from the financial sector. Some of the picks include Toronto-Dominion Bank (TSX:TD)(NYSE:TD), goeasy Ltd (TSX:GSY), and TMX Group Ltd (TSX:X). The post Top TSX Financial Stocks for June 2020 appeared first on The Motley Fool Canada.

  • Market Crash 2020: 2 Stocks That Are Still Dividend Aristocrats
    The Motley Fool

    Market Crash 2020: 2 Stocks That Are Still Dividend Aristocrats

    With the COVID-19 pandemic causing Canadian Dividend Aristocrats to lose their streaks, the National Bank of Canada and Bank of Montreal still maintain theirs.The post Market Crash 2020: 2 Stocks That Are Still Dividend Aristocrats appeared first on The Motley Fool Canada.

  • CNW Group

    BMO Creates Dedicated Online Resource Hubs for Canadians

    BMO Creates Dedicated Online Resource Hubs for Canadians