BMO Stock Quote Canada: Stock Price Movement and Analysis

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BMO stock price movement in Canada can be quite volatile, with a high of $113.44 in 2022 and a low of $73.41 in 2020.

BMO stock price has been steadily increasing over the past few years, with a compound annual growth rate (CAGR) of 10%.

This growth can be attributed to the bank's strong financial performance and strategic investments in digital banking and other areas.

BMO's revenue has consistently exceeded $20 billion annually since 2018.

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Financial Performance

In 2024, Bank of Montreal's revenue was 29.03 billion, an increase of 7.21% compared to the previous year's 27.08 billion.

The bank's earnings were 6.93 billion, marking a significant increase of 69.32% from the previous year.

Bank of Montreal's strong financial performance in 2024 was reflected in its revenue, which reached 29.03 billion.

The bank's financial performance was also marked by a significant increase in earnings, with a 69.32% increase from the previous year.

In its fourth-quarter and fiscal 2024 results, BMO Financial Group reported a GAAP EPS of C$1.90 and revenue of C$8.96B.

Bank of Montreal's Board of Directors declared a quarterly dividend of $1.59 per share on paid-up common shares.

Analysts estimated that Bank of Montreal's quarterly earnings would be strong, with expectations of significant growth.

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Receives Regulatory Approvals

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Bank of Montreal has received regulatory approvals from the Toronto Stock Exchange and the Office of the Superintendent. This is a significant development for the bank.

The approvals were granted in January 2025, allowing the bank to move forward with its plans. The Toronto Stock Exchange (TSX) and the Office of the Superintendent played a crucial role in this process.

In addition to this, Bank of Montreal has also been approved as a category 2 member of the London Metal Exchange (LME). This approval was granted on a specific date, although it's not specified in the article.

Stock Price and Movement

The Bank of Montreal (BMO) stock price has experienced significant fluctuations over the years. On December 6, the stock price was up 3.47% from the previous day.

The all-time high Bank of Montreal stock closing price was $106.99 on March 22, 2022. This is a notable milestone in the company's history.

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The average Bank of Montreal stock price for the last 52 weeks is $91.23. This gives us a sense of the overall trend in the stock's value over the past year.

Here is a breakdown of the Bank of Montreal's historical annual stock price data:

The 52-week high stock price for Bank of Montreal is $104.63, which is 5.5% above the current share price.

Stock Price Up 3.47% on Dec 6

Bank of Montreal's stock price saw a significant boost on December 6, rising 3.47% from the previous day. This increase is a notable trend in the stock market, and it's essential to understand the factors that contribute to such movements.

The stock price history of Bank of Montreal shows a fluctuating pattern over the years. In 2022, the stock price reached an all-time high of $106.99 on March 22. This is a significant milestone, and it's essential to note that the current share price is 5.5% below this high.

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One crucial aspect to consider is the 52-week high and low stock prices. The 52-week high stock price is $104.63, which is 5.5% above the current share price. On the other hand, the 52-week low stock price is $0.73, which is 99.3% below the current share price.

Here's a summary of the 52-week stock price data:

The recent increase in Bank of Montreal's stock price is a positive trend, but it's essential to consider the overall stock price movement over the years. By analyzing the historical data, we can gain a better understanding of the stock's performance and make more informed investment decisions.

Stocks Plummet 5% on Earnings Miss

Bank of Montreal's shares took a hit, dropping over 5% after their Q4 earnings missed the mark.

The bank's provision for credit losses rose, contributing to the disappointing earnings report.

This sudden decline in stock value is a stark reminder that financial markets can be unpredictable and volatile.

Bank of Montreal's adjusted earnings per share (EPS) beat expectations, but it wasn't enough to offset the decline in revenue.

Dividend and Payouts

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Bank of Montreal's dividend history is a notable aspect of its stock performance. The bank has a remarkable 195-year streak of consecutive dividend payments, making it a premier dividend stock in Canada.

The bank's dividend payout has been consistently increasing over the years. In 2024, the quarterly dividend payout was $1.59 per share.

Here's a breakdown of the bank's dividend payout history:

Analyst Opinions and Estimates

Analyst opinions on BMO stock are mixed, with 5 analysts giving an average rating of "Hold" and a 12-month stock price forecast of $128.0, representing a 29.20% increase from the latest price.

Keefe, Bruyette & Woods, Inc. downgraded BMO stock to "Hold" on June 3, 2024, with a price target of CAD124. Barclays Capital, on the other hand, maintained a "Buy" rating on August 21, 2023, with a price target of CAD131.

Analysts are predicting a strong financial performance for BMO in the coming years, with estimates pointing to a revenue of $36,639 CAD in 2026 and a dividend of $6.76 CAD.

Here's a breakdown of the analyst estimates for BMO's financial performance in 2025 and 2026:

Note that these estimates are subject to change and may not reflect the actual financial performance of BMO.

Company News and Events

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Bank of Montreal has a history of releasing its earnings reports on a quarterly basis. The actual earnings per share (EPS) for Q4 2024 was 2.950 CAD.

The bank's earnings reports have been released on the following dates: Q4 2024 (12/05/2024), Q3 2024 (08/27/2024), Q2 2024 (05/29/2024), Q1 2024 (02/27/2024), Q4 2023 (12/01/2023), Q3 2023 (08/29/2023), Q2 2023 (05/24/2023), Q1 2023 (02/28/2023), Q4 2022 (12/01/2022), Q3 2022 (08/30/2022), Q2 2022 (05/25/2022), and Q1 2022 (03/01/2022).

The bank also holds an Annual General Meeting, which was held on the following dates: 04/16/2024, 04/18/2023, and 04/13/2022.

London Metal Exchange Approves Member

Bank of Montreal has been approved as a category 2 member of the London Metal Exchange (LME).

This approval is a significant development for the bank, allowing it to expand its services and offerings in the metals market.

The LME has a long history of providing a platform for metals trading, and its approval of Bank of Montreal is a testament to the bank's reputation and expertise in the field.

Bank of Montreal is a well-established financial institution with a strong presence in the market, and this approval will enable it to tap into new opportunities and customers.

BMO Expands Private Credit Reach

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BMO Financial Group has entered a partnership with alternative asset manager Canal Road Group, enabling the latter to invest up to $1 billion in direct lending.

This partnership will give Canal Road Group a significant boost in its private credit reach, allowing it to make more investments in this area.

As part of the arrangement, BMO's commitment to CRG will be instrumental in helping the alternative asset manager achieve its investment goals.

The partnership between BMO and Canal Road Group was announced on January 10, 2025.

Bmo Says Loan Losses Contained

Bank of Montreal missed estimates after once again setting aside more money than expected to cover potential loan losses. This was despite the bank's strong business growth, which led to a 10% increase in net interest income.

The bank's cautious outlook is largely due to rising credit loss provisions, which have put pressure on profits. This is a concern for investors, but the bank's board of directors is taking steps to address it.

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Bank of Montreal has announced plans to purchase up to 20 million of its common shares under a normal course issuer bid. This move is aimed at reducing the number of outstanding shares and potentially boosting the bank's stock price.

The bank's quarterly dividend of $1.59 per share is a positive sign for investors. It shows that the bank is still committed to returning value to its shareholders despite the challenges it's facing.

Past Events

Bank of Montreal has a history of releasing earnings reports on a quarterly basis. The most recent earnings report was released on 12/05/2024, with an actual earnings per share (EPS) of 2.950 CAD.

The bank's Q4 2024 earnings release was a significant event, with an actual EPS of 2.950 CAD. This is a notable increase from the previous quarter, where the EPS was 2.490 CAD.

Bank of Montreal's Annual General Meeting (AGM) is also a notable event, with the most recent one taking place on 04/16/2024. The AGM is an important event where shareholders can attend and participate in discussions.

Stunning aerial view of BMO Field and Toronto's scenic waterfront on a clear summer day.
Credit: pexels.com, Stunning aerial view of BMO Field and Toronto's scenic waterfront on a clear summer day.

The bank's Q1 2024 earnings release was also a significant event, with an actual EPS of 1.730 CAD. This is a notable decrease from the previous quarter, where the EPS was 2.360 CAD.

Here is a list of Bank of Montreal's past earnings reports:

Frequently Asked Questions

How is BMO performing?

BMO's net income decreased to $1,617 million, but its adjusted net income and EPS showed slight improvements. Despite a decline in reported earnings, the bank's adjusted performance indicates a more stable financial situation.

What is the rating of BMO?

BMO's rating is AA (low) with a Support Assessment of SA2, indicating a stable outlook. This rating is supported by the expectation of timely government backing from Canada, rated AAA by DBRS.

Joan Corwin

Lead Writer

Joan Corwin is a seasoned writer with a passion for covering the intricacies of finance and entrepreneurship. With a keen eye for detail and a knack for storytelling, she has established herself as a trusted voice in the world of business journalism. Her articles have been featured in various publications, providing insightful analysis on topics such as angel investing, equity securities, and corporate finance.

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