BMO - Bank of Montreal

NYSE - NYSE Delayed Price. Currency in USD
70.53
+0.36 (+0.51%)
At close: 4:02PM EDT

70.70 +0.17 (0.24%)
After hours: 4:26PM EDT

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Previous Close70.17
Open70.88
Bid70.66 x 1100
Ask70.62 x 1000
Day's Range70.51 - 71.04
52 Week Range62.79 - 84.36
Volume328,536
Avg. Volume465,995
Market Cap44.92B
Beta (3Y Monthly)1.19
PE Ratio (TTM)11.48
EPS (TTM)6.14
Earnings DateN/A
Forward Dividend & Yield3.12 (4.44%)
Ex-Dividend Date2019-07-31
1y Target Est85.95
Trade prices are not sourced from all markets
  • Why Bank of Montreal (BMO) is Poised to Beat Earnings Estimates Again
    Zacks

    Why Bank of Montreal (BMO) is Poised to Beat Earnings Estimates Again

    Bank of Montreal (BMO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Are You Looking for a High-Growth Dividend Stock? Bank of Montreal (BMO) Could Be a Great Choice
    Zacks

    Are You Looking for a High-Growth Dividend Stock? Bank of Montreal (BMO) Could Be a Great Choice

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of Montreal (BMO) have what it takes? Let's find out.

  • Zayo (ZAYO) to Report Q4 Earnings: What's in the Offing?
    Zacks

    Zayo (ZAYO) to Report Q4 Earnings: What's in the Offing?

    Zayo's (ZAYO) fiscal fourth-quarter results are likely to benefit from a diversified blue-chip customer base that comprises the largest and most sophisticated users of bandwidth.

  • Canadian Banks Due to Report Q3 Earnings: RY, CM, BNS & More
    Zacks

    Canadian Banks Due to Report Q3 Earnings: RY, CM, BNS & More

    Canadian banks are expected to report decent earnings growth, driven by slight rise in interest income. However, dismal non-interest income performance and higher expenses may act as dampeners.

  • Financial Times

    US bond funds swell as investors seek safety

    Investors have flocked to US bond funds at the fastest clip in two months as volatile trading and a deteriorating growth outlook nudge investors into safer assets. Fixed-income mutual funds and exchange traded funds added $11.5bn for the week ended Wednesday, the biggest weekly figure since early June and the fifth-largest on record, according to data from EPFR Global. Safe government debt like US Treasury bonds have lured investors away from riskier investments like equities and high-yield bonds as they become uneasy that the long global economic expansion is set to turn.

  • CNW Group

    Bank of Montreal Announces Results of Conversion Privilege of Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 29

    Bank of Montreal Announces Results of Conversion Privilege of Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 29

  • Moody's

    Master Credit Card Trust II, Series 2019-2 -- Moody's assigns provisional ratings to Master Credit Card Trust II 2019-2 ABS

    Moody's Investors Service ("Moody's") has assigned a provisional (P)Aaa (sf) rating to the Class A Notes, a provisional (P)Aa3 (sf) rating to the Class B Notes, and a provisional (P)Baa1 (sf) to the Class C Notes of the Series 2019-2 to be issued by Master Credit Card Trust II, (the trust), sponsored by Bank of Montreal (BMO, long-term deposits/long-term senior unsecured Aa2 stable, long-term CR assessment Aa2(cr), short-term deposit P-1, and BCA a3). The ratings are based on the quality of the underlying credit card receivables, the expertise of BMO as servicer, the transaction's legal and structural protections including early amortization trigger events, the credit enhancement provided by the subordinate Class B and Class C notes in the 2019-2 series, and the likelihood of the sponsor becoming insolvent and shutting down its credit card portfolio.

  • BMO 1st Art! Competition Recognizes Fresh Perspectives from Emerging Canadian Artists
    CNW Group

    BMO 1st Art! Competition Recognizes Fresh Perspectives from Emerging Canadian Artists

    BMO 1st Art! Competition Recognizes Fresh Perspectives from Emerging Canadian Artists

  • CNW Group

    BMO Bank of Montreal Strengthens Partnership with Fintech Platform Blend to Enhance Bank's Technology and Improve Customer Experience

    TORONTO , Aug. 9, 2019 /CNW/ - BMO is pleased to announce an expanded partnership with leading digital lending platform Blend, having participated as a strategic investor in the company's recent Series E round. "Customers are telling us that they are looking for digital-first experiences, and working with Blend gives us the opportunity to find innovative ways to bring digital solutions to customers across their banking journey," said Brett Pitts , Chief Digital Officer, BMO Financial Group. "BMO has been an excellent partner as we work to transform the banking experience and help our clients deepen relationships with their customers," said Tim Mayopoulos , President, Blend.

  • PR Newswire

    Media Advisory - BMO Financial Group to Announce its Third Quarter 2019 Results

    TORONTO , Aug. 7 2019 /PRNewswire/ -- BMO Financial Group will announce its third quarter 2019 financial results and hold its investor community conference call on August 27, 2019 . Financial results will ...

  • Mitsubishi UFJ Closes Colonial First State Group Limited Deal
    Zacks

    Mitsubishi UFJ Closes Colonial First State Group Limited Deal

    Mitsubishi UFJ (MUFG) completes the acquisition of shares of nine subsidiaries of Colonial First State Group Limited.

  • Deutsche Reserves $1.1B to Meet Derivatives Offloading Costs
    Zacks

    Deutsche Reserves $1.1B to Meet Derivatives Offloading Costs

    Deutsche Bank (DB) makes progress in meeting the radical restructuring targets it had announced in July 2019 to free up capital for other productive business lines.

  • China Retaliation Is ‘11’ on Scale of 1 to 10, Wall Street Warns
    Bloomberg

    China Retaliation Is ‘11’ on Scale of 1 to 10, Wall Street Warns

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Analysts continued to warn about the dangers of an escalating trade war on Monday, as China moved to strike back at the U.S., hitting U.S. stocks and boosting Treasuries. Semiconductors, with direct exposure to trade, and banks stocks, which are sensitive to interest rates, were among the decliners. The biggest U.S. banks slid, with the KBW Bank Index dropping as much as 4.1% to the lowest since June 4. Bank of America Corp. led index decliners, with a drop of 5.5%, the most since Dec. 4, while Citigroup Inc. shed more than 4% and JPMorgan Chase & Co. slipped 3.8%.Micron Technology Inc. fell 6.2% while Texas Instruments Inc. lost 4.4% and Intel Corp. was down 4%. Apple Inc. dropped 5.6%, the most since May 13. Shares in Chinese tech giants Alibaba Group Holding and JD.com Inc. fell near two month lows in U.S. Trading.Agriculture equipment makers Deere & Co. and AGCO Corp. tumbled as China suspended imports of U.S. agricultural products. The escalating trade tensions are also a major risk for the U.S. automotive industry, which has a significant exposure to the country. According to UBS’s Global Wealth Management Chief Investment Officer Mark Haefele, the latest spat raises the possibility that "tariffs could also be placed on auto imports."President Donald Trump tweeted about China and the Fed on Monday morning, saying: “China dropped the price of their currency to an almost a historic low. It’s called ‘currency manipulation.’ Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!”Here’s a sample of some of the latest commentary:Cowen, Chris KruegerKrueger called China’s retaliation “massive,” adding that “on a scale of 1-10, it’s an 11.” He cited the Chinese government calling on state buyers to halt U.S. agricultural purchases, while there’s “increased anecdotal evidence that the Chinese government is tightening its overview of foreign firms.”“While there were measures that could have been chosen with larger direct effects on supply chains, the announcements from Beijing represent a direct shot at the White House and seem designed for maximum political impact,” Krueger said. “ We expect a quick (and possibly intemperate) response from the White House, and consequently expect a more rapid escalation of trade tensions.”“There now will be increased expectations that the Fed will cut again in September to offset the drag caused by this escalation in the trade war,” he added. “Such moves will only be a partial, lagged offset to the recessionary headwinds a cycle of retaliation would cause.”In a mid-day note, Krueger added that “the next stop on the currency manipulation road is probably off the map.” Krueger expects Trump’s “drumbeat on currency” will get louder, with the potential for the president to use a “charge of currency manipulation to justify some combination of (more) tariffs, investment restrictions and export controls.”BMO, Ian Lyngen“The wait is over for those wondering how Beijing would respond to Trump’s recent tariff announcement,” BMO said. “The result: the yuan was allowed to depreciate well beyond 7.0.”Instructing state-owned Chinese firms to halt U.S. crop purchases triggered “the obligatory flight-to-quality,” which pushed 10-year yields to 1.74%, with two-year yields keeping pace. That was “an impressive move that suggests August will not experience the traditional summer doldrums. Who needs vacation anyway?”“The most significant unknown at this moment,” Lyngen added, “is how much further the yuan will be allowed to fall given that it’s already the weakest since 2008.”Morgan Stanley, Betsy Graseck (bank analyst)Bank investors’ eyes were “glued to the yield curve last week,” with Trump’s tariff tweet on Thursday, Graseck wrote in a note. They’re now asking about Morgan Stanley’s net interest margin (NIM), outlook.Graseck didn’t change her NIM assumptions -- yet. “We bake one additional cut of 25 basis points in 2019 in-line with our economist, and bake in the 10-year at 1.75% by mid 2020,” she wrote. She’ll update NIM and earnings per share estimates “if it looks like these trade tariffs are going through as September approaches.”Morgan Stanley, Michael Zezas (policy strategist)“The dynamics of U.S.-China negotiation and macro conditions mean the next round of tariffs will likely be enacted, and investors are likely to behave as if further escalation will follow in 2019 until markets price in impacts,” Zezas wrote. “This supports our core view of weaker growth and skews the Fed dovish.”Zezas sees incentives for the U.S. to escalate quickly. If the administration “understands the Fed’s trade policy reaction function, then it may also perceive that a more rapid escalation could deliver one or more of three beneficial points ahead of the 2020 election: 1) A quicker, potentially more aggressive Fed stimulus response that could help the economy heading into the election; 2) More time to re-frame the potential economic downside; and 3) A major concession by China (not our base case, but it is, of course, a possibility).”Veda, Henrietta Treyz“The U.S. and China are moving into one of their most aggressive phases yet in the year-plus long trade war and we fully expect things to escalate from here,” Treyz wrote in a note.Treyz added that China’s ability to quickly adjust their currency is an advantage they have over the U.S. that “goes to the heart of the issue for the Trump administration.” The administration may view China’s communist regime as a “systemic advantage” versus “free markets and democracy” in the U.S., as the Chinese can “subsidize domestic industry, quickly, enact lower tax rates and provide stimulus.”Furthermore, her conversations with Republicans point to the belief that “China’s economy is on the brink of collapse,” she said, with turmoil in Hong Kong “considered evidence of an organic domestic uprising that many believe the Chinese government cannot contain.” Republicans may also believe Trump will “galvanize” his base behind him, while attracting “anti-trade and union Democrats in the Rust Belt as he takes on the mantle of a war time president going into 2020 by engaging in this trade war.”(Updates shares in second and third paragraphs; adds ag stock decline; adds comments from Cowen.)\--With assistance from Ryan Vlastelica, Cristin Flanagan and Esha Dey.To contact the reporter on this story: Felice Maranz in New York at fmaranz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Scott Schnipper, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • BMO or WBK: Which Is the Better Value Stock Right Now?
    Zacks

    BMO or WBK: Which Is the Better Value Stock Right Now?

    BMO vs. WBK: Which Stock Is the Better Value Option?

  • Bank of Montreal Sees Hammer Chart Pattern: Time to Buy?
    Zacks

    Bank of Montreal Sees Hammer Chart Pattern: Time to Buy?

    Bank of Montreal has been struggling lately, but the selling pressure may be coming to an end soon.

  • Moody's

    RBC (Barbados) Trading Bank Corporation -- Moody's affirms large Canadian banks' ratings; maintains stable outlook

    Rating Action: Moody's affirms large Canadian banks' ratings; maintains stable outlook. Global Credit Research- 01 Aug 2019. Toronto, August 01, 2019-- Moody's Investors Service has affirmed the short-term ...

  • Moody's

    Bicentennial Trust, Mortgage Pass Through Certificates 2017-1 -- Moody's upgrades Canadian RMBS certificates issued by Bicentennial Trust in 2017

    Moody's Investors Service ("Moody's") has upgraded securities issued from the Bicentennial Trust, Mortgage Pass Through Certificates 2017-1 securitization issued in 2017. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.

  • PR Newswire

    Bank of Montreal to Redeem $1,000,000,000 3.12% Series H Medium-Term Notes First Tranche

    TORONTO , Aug. 2, 2019 /PRNewswire/ -- Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced that it intends to redeem all of its $1,000,000,000 3.12% Series H Medium-Term Notes First Tranche due September ...

  • This is Why Bank of Montreal (BMO) is a Great Dividend Stock
    Zacks

    This is Why Bank of Montreal (BMO) is a Great Dividend Stock

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of Montreal (BMO) have what it takes? Let's find out.

  • CNW Group

    BMO Asset Management Inc. Announces Proposed Termination of Three BMO Exchange Traded Funds

    TORONTO , July 31, 2019 /CNW/ - BMO Asset Management Inc. (the "Manager"), the Manager of each of BMO Global Banks Hedged to CAD Index ETF (Ticker:Ticker::BANK), BMO Global Insurance Hedged to CAD Index ETF (Ticker:Ticker::INSR) and BMO Shiller Select US Index ETF (ZEUS) (each a "Fund" and collectively, the "Funds"), has announced that it will terminate the Funds on or about November 1, 2019 (the "Termination Date"). ZEUS is not sponsored, endorsed, sold or promoted by Barclays Bank PLC or any of its affiliates.

  • ICICI Bank (IBN) Catches Eye: Stock Jumps 6.1%
    Zacks

    ICICI Bank (IBN) Catches Eye: Stock Jumps 6.1%

    ICICI Bank (IBN) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

  • CNW Group

    Bank of Montreal Announces Dividend Rates on Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 29 and Non-Cumulative Floating Rate Class B Preferred Shares, Series 30

    TORONTO , July 26, 2019 /CNW/ - Further to the announcement by Bank of Montreal (the "Bank") (BMO.TO)(BMO) on June 27, 2019 , the Bank today announced the applicable dividend rates for its Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 29 (the "Preferred Shares Series 29") and Non-Cumulative Floating Rate Class B Preferred Shares, Series 30 (the "Preferred Shares Series 30"). With respect to any Preferred Shares Series 29 that remain outstanding after August 25, 2019 , commencing as of such date, holders thereof will be entitled to receive fixed rate non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of the Bank and subject to the provisions of the Bank Act ( Canada ).

  • Moody's

    Bank of Montreal -- Moody's rates Baa3 (hyb) BMO's USD500 million additional tier 1 capital notes

    Moody's Investors Service ("Moody's") assigned a Baa3 (hyb) rating to Bank of Montreal's (BMO) USD500 million issuance of fixed to fixed rate perpetual non-cumulative subordinated NVCC additional tier 1(AT1) capital notes. The rating on the AT1 capital notes is positioned three notches below the a3 adjusted baseline credit assessment (adjusted BCA) of BMO, in line with Moody's standard notching guidance for contractual non-viability perpetual securities. BMO is one of six major banks in Canada which benefit from the protection of significant barriers to entry and the stability of a prudent regulatory environment.

  • CNW Group

    BMO Asset Management Inc. Announces Cash Distributions for Certain BMO Exchange Traded Funds

    BMO Asset Management Inc. Announces Cash Distributions for Certain BMO Exchange Traded Funds