Bank of Montreal (TSE:BMO) Price Target Raised to C$244.00

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price objective increased by equities researchers at Canadian Imperial Bank of Commerce from C$226.00 to C$244.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperformer” rating on the bank’s stock. Canadian Imperial Bank of Commerce’s price objective would indicate a potential upside of 8.74% from the stock’s previous close.

A number of other research analysts have also recently commented on BMO. National Bank Financial increased their price target on shares of Bank of Montreal from C$223.00 to C$236.00 and gave the company a “sector perform” rating in a research report on Thursday. Scotiabank increased their price target on shares of Bank of Montreal from C$208.00 to C$209.00 and gave the company a “sector perform” rating in a research report on Monday, May 4th. Desjardins increased their price target on shares of Bank of Montreal from C$212.00 to C$230.00 and gave the company a “hold” rating in a research report on Thursday. Raymond James Financial increased their price target on shares of Bank of Montreal from C$227.00 to C$233.50 and gave the company an “outperform” rating in a research report on Thursday. Finally, Jefferies Financial Group increased their price target on shares of Bank of Montreal from C$195.00 to C$196.00 in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$221.04.

Bank of Montreal Price Performance

BMO stock traded down C$1.15 during mid-day trading on Thursday, hitting C$224.38. 991,485 shares of the stock were exchanged, compared to its average volume of 2,659,322. The business has a fifty day moving average price of C$202.46 and a 200 day moving average price of C$191.04. Bank of Montreal has a 12 month low of C$143.35 and a 12 month high of C$226.08. The stock has a market capitalization of C$158.17 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 0.71 and a beta of 1.25.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings results on Wednesday, May 27th. The bank reported C$3.67 earnings per share (EPS) for the quarter. Bank of Montreal had a return on equity of 10.47% and a net margin of 11.77%.The firm had revenue of C$9.57 billion during the quarter. As a group, equities analysts forecast that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Key Headlines Impacting Bank of Montreal

Here are the key news stories impacting Bank of Montreal this week:

• Positive Sentiment: Bank of Montreal delivered stronger-than-expected quarterly results, with profit rising to C$2.63 billion from C$1.96 billion a year ago and earnings boosted by capital markets and fee revenue. BMO Earnings Beat Estimates on Capital Markets, Fee Revenue
• Positive Sentiment: The bank raised its quarterly dividend, which signals management confidence in capital strength and cash generation. BMO raises dividend, reports $2.63B Q2 profit, up from $1.96B a year ago
• Positive Sentiment: BMO reported stronger earnings coverage ratios for debt and preferred equity, suggesting a healthier cushion for obligations and preferred shareholders. Bank of Montreal Reports Stronger Earnings Coverage Ratios for Debt and Preferred Equity
• Positive Sentiment: The company also said its updated earnings coverage ratios for the year ended April 30, 2026 improved, reinforcing balance-sheet stability. Bank of Montreal Reports Stronger Earnings Coverage Ratios for Year to April 30, 2026
• Neutral Sentiment: BMO filed its Q2 2026 earnings release, financial statements, MD&A, and related control certifications, which are routine disclosure updates and not new operational surprises. Bank of Montreal Files Q2 2026 Earnings Release for Public Access
• Neutral Sentiment: Its CFO and CEO certified the accuracy and controls of the latest quarterly report, a standard governance step that should not materially affect the stock. Bank of Montreal CFO Certifies Accuracy of Latest Quarterly Report
• Neutral Sentiment: BMO updated its covered bond and note programs and confirmed upcoming dividend payment dates, which are administrative capital-markets actions. Bank of Montreal Updates $50 Billion Global Covered Bond Programme
• Neutral Sentiment: One Seeking Alpha piece argues the shares may be overvalued after the earnings run-up, which could temper enthusiasm despite the strong quarter. Bank of Montreal: Looking At Overvaluation And Q2

Bank of Montreal Company Profile

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.