Bank of Montreal

C$241.42As of Sun 8 Nov 2026, 12:00 UTC

TSX:BMOFinancials

Country Canada

PE (Fwd) •••

TSR 10Y CAGR 15.61%

Div yield 2.83%

ROTE 13.63%

Banks (Diversified)

Beta (5Y) 1.12

PE TTM 19.68

TSR TTM 42.90%

Mkt cap C$167.8B

NIM —

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

$253

4.85%

(86.76%)

Hold 9|10|1|12|3

TTM

FYE 31 Oct CAD

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

FY2027E

Trend

10Y

Peers

22.00

Revenue$B

55.11

55.38

57.13

58.08

60.73

61.58

64.02

66.64

69.82

23.62

25.08

3.75%

2.56%

13.74

Revenue growth%

23.26

26.14

28.38

27.61

25.49

22.58

24.46

26.66

27.39

29.92

17.34

25.49

25.81

29.64

NIM%

27.89

27.43

24.76

23.16

24.83

22.32

22.67

23.75

22.95

27.88

9.32

22.95

24.26

4.83

Effic. R.%

17.58

17.67

14.73

15.88

16.78

15.10

15.68

17.83

20.57

16.83

4.81

16.78

17.18

26.27

Net margin%

15.79

16.56

17.88

20.18

21.07

18.67

19.98

17.53

16.85

14.58

4.38

18.67

17.70

11.52

P/E ratio (avg)x

27.65

27.17

30.05

29.88

31.24

34.09

36.85

39.58

40.81

18.96

18.47

36.85

30.64

33.28

P/TBVx

31.43

34.75

35.52

36.72

40.47

43.85

44.11

48.08

52.68

30.61

36.47

44.11

38.60

19.60

P/Bx

37.47

35.14

37.19

34.64

33.13

36.87

35.74

34.88

35.70

7.342

30.53

35.70

35.42

57.78

NII$B

37.78

37.89

39.29

38.97

41.44

41.56

43.93

45.53

46.84

30.46

66.25

3.75%

2.33%

—

23.95

NII grth%

11.31

11.08

12.03

13.33

13.26

15.63

18.58

20.03

18.15

26.18

14.48

18.15

13.29

26.95

ROTE%

15.20

14.19

11.83

9.75

11.96

9.30

9.54

10.65

12.52

15.57

8.76

10.65

11.90

17.37

Return on equity%

8.02

7.43

4.83

3.22

5.20

5.21

3.22

4.04

16.86

29.59

5.20

8.30

Return on assets%

24.35

25.02

26.29

25.82

24.43

25.11

22.94

24.10

21.68

7.21

13.30

24.10

24.39

12.88

EPS$

15.70

15.30

13.77

11.97

10.43

10.14

11.02

10.42

11.03

13.97

14.37

(1.63%)

(3.36%)

—

22.96

EPS growth%

9.39

12.09

9.57

11.23

9.06

6.84

7.03

7.00

9.43

6.66

4.07

7.03

9.23

31.50

Bookvalue per sh$

20.70

21.06

19.55

21.59

21.16

22.02

24.69

26.51

28.05

29.97

13.90

5.37%

4.77%

—

19.52

TBV/sh$

9.29

8.28

7.42

6.89

6.70

6.56

6.74

6.41

6.99

34.18

19.62

0.30%

(2.98%)

—

22.26

Dividend per sh$

34.66

39.09

42.04

48.64

57.07

61.89

67.76

72.75

76.59

30.93

28.39

9.50%

11.30%

—

23.62

Div yield (avg)%

12.27

12.02

11.28

11.56

12.64

10.41

8.72

8.26

10.43

20.90

2.01

10.41

10.85

29.93

Payout ratio%

7.42

7.44

8.03

5.52

2.57

0.40

1.06

27.47

17.60

0.40

4.05

675.1

Shares (diluted)M

553.7

485.9

424.2

411.3

416.5

384.8

351.8

315.8

305.3

679.7

696.9

(5.78%)

(6.89%)

9.51

Buyback yield%

3.04

5.59

5.47

5.11

6.21

8.87

9.60

7.84

4.89

6.17

11.94

7.84

5.53

108.82

Eq/Assets%

93.43

102.27

109.91

125.50

135.62

153.95

156.71

164.60

195.40

174.24

74.44

156.71

130.56

55.63

Assets$B

121.4

130.5

143.3

159.5

180.8

195.6

206.7

227.8

243.1

12.75

68.81

8.79%

9.17%

22.85

LT debt$B

20.28

18.19

20.02

20.95

18.80

19.21

16.88

15.58

15.49

18.62

8.963

(5.86%)

(3.25%)

Peers (US$118.8B)

Cap (US$)

The Toronto-Dominion…

199.9B

18.58x

The Bank of Nova Scotia

111.6B

16.92x

Canadian Imperial Bank…

104.6B

15.62x

Bank of Communications…

105.1B

6.920x

Capital

TTM

10Y

Tang eq%

20.70

39.66

43.71

LT debt%

41.07

8.16

11.77

Cash%

130.45

19.46

19.70

Sh yield%

33.14

18.32

16.71

Owners

Insiders/Inst%

11.53

82.43

Short interest%

4.27

SBC / revenue%

0.77

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

ROE range%

3–8

$1 testx

—

Incr. ROIC%

—

Bank of Montreal provides diversified financial services primarily in North America through Canadian Personal and Commercial Banking, U.S. Banking, Wealth Management and Capital Markets segments. It offers accounts, cards, loans, mortgages and commercial banking to individuals and businesses, plus wealth management, insurance, investment banking, and sales and trading services for retail, institutional and corporate clients.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Total assets

$243.1B

9.17%

1.87×

Revenue

$69.82B

2.56%

1.00×

Non-interest expense

$38.39B

2.76%

1.02×