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

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

Several other research firms have also recently weighed in on BMO. Raymond James Financial lifted 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 report on Thursday. Desjardins raised their price objective on Bank of Montreal from C$212.00 to C$230.00 and gave the company a “hold” rating in a research report on Thursday. Canaccord Genuity Group raised their price objective on Bank of Montreal from C$224.00 to C$230.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. TD Securities raised their price objective on Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Finally, Barclays raised their price objective on Bank of Montreal from C$199.00 to C$203.00 and gave the company an “underweight” rating in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$221.04.

Bank of Montreal Price Performance

TSE:BMO traded down C$1.15 during trading hours on Thursday, hitting C$224.38. The company had a trading volume of 991,485 shares, compared to its average volume of 2,659,322. The company has a market capitalization of C$158.17 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.25. The stock has a 50-day moving average price of C$202.46 and a 200 day moving average price of C$191.04. Bank of Montreal has a 52 week low of C$143.35 and a 52 week high of C$226.08.

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

Key Stories 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.