Bank of Montreal is a banks-diversified business based in the US. Bank of Montreal shares (BMO) are listed on the NYSE and all prices are listed in US Dollars. Bank of Montreal employs 43,360 staff and has a trailing 12-month revenue of around USD$25.9 billion.
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Since the stock market crash in March caused by coronavirus, Bank of Montreal's stock price has had significant positive movement.
Its last market close was $107.21, which is 28.67% up on its pre-crash value of $76.47 and 179.85% up on the lowest point reached during the March crash when the stocks fell as low as $38.31.
If you had bought $1,000 worth of Bank of Montreal stocks at the start of February 2020, those stocks would have been worth $512.13 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,418.39.
|Latest market close||$107.21|
|52-week range||$56.78 - $107.35|
|50-day moving average||$101.61|
|200-day moving average||$99.85|
|Wall St. target price||$116.61|
|Dividend yield||$4.24 (4.02%)|
|Earnings per share (TTM)||$8.66|
Note: The dollar amounts in the table below are in Canadian dollars.
|1 week (2021-10-11)||2.76%|
|1 month (2021-09-17)||6.90%|
|3 months (2021-07-16)||8.13%|
|6 months (2021-04-16)||16.81%|
|1 year (2020-10-16)||74.78%|
|2 years (2019-10-18)||45.33%|
|3 years (2018-10-18)||35.25%|
|5 years (2016-10-18)||65.07%|
Valuing Bank of Montreal stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Bank of Montreal's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Bank of Montreal's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 12x. In other words, Bank of Montreal shares trade at around 12x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Bank of Montreal's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.5. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Bank of Montreal's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||$25.9 billion|
|Operating margin TTM||41.84%|
|Gross profit TTM||$22.2 billion|
|Return on assets TTM||0.74%|
|Return on equity TTM||12.79%|
|Market capitalisation||$69.5 billion|
TTM: trailing 12 months
There are currently 2.2 million Bank of Montreal shares held short by investors – that's known as Bank of Montreal's "short interest". This figure is 37.9% down from 3.5 million last month.
There are a few different ways that this level of interest in shorting Bank of Montreal shares can be evaluated.
Bank of Montreal's "short interest ratio" (SIR) is the quantity of Bank of Montreal shares currently shorted divided by the average quantity of Bank of Montreal shares traded daily (recently around 617621.7765043). Bank of Montreal's SIR currently stands at 3.49. In other words for every 100,000 Bank of Montreal shares traded daily on the market, roughly 3490 shares are currently held short.
However Bank of Montreal's short interest can also be evaluated against the total number of Bank of Montreal shares, or, against the total number of tradable Bank of Montreal shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Bank of Montreal's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Bank of Montreal shares in existence, roughly 0 shares are currently held short) or 0.0033% of the tradable shares (for every 100,000 tradable Bank of Montreal shares, roughly 3 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Bank of Montreal.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Bank of Montreal.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 18.57
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Bank of Montreal's overall score of 18.57 (as at 01/01/2019) is pretty good – landing it in it in the 26th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Bank of Montreal is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 0.55/100
Social score: 8.36/100
Governance score: 6.25/100
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Bank of Montreal scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Bank of Montreal has, for the most part, managed to keep its nose clean.
Dividend payout ratio: 37.47% of net profits
Recently Bank of Montreal has paid out, on average, around 37.47% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.08% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Bank of Montreal shareholders could enjoy a 3.08% return on their shares, in the form of dividend payments. In Bank of Montreal's case, that would currently equate to about $4.24 per share.
While Bank of Montreal's payout ratio might seem fairly standard, it's worth remembering that Bank of Montreal may be investing much of the rest of its net profits in future growth.
Bank of Montreal's most recent dividend payout was on 26 November 2021. The latest dividend was paid out to all shareholders who bought their shares by 29 October 2021 (the "ex-dividend date").
Bank of Montreal's shares were split on a 2:1 basis on 15 March 2001. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Bank of Montreal shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Bank of Montreal shares which in turn could have impacted Bank of Montreal's share price.
Over the last 12 months, Bank of Montreal's shares have ranged in value from as little as $56.7836 up to $107.35. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Bank of Montreal's is 1.182. This would suggest that Bank of Montreal's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers. It also offers investment and wealth advisory services; digital investing services; financial services and solutions; and investment management, and trust and custody services to institutional, retail, and high net worth investors. In addition, the company provides life insurance, accident and sickness insurance, and annuity products; creditor and travel insurance to bank customers; and reinsurance solutions. Further, it offers client's debt and equity capital-raising services, as well as loan origination and syndication, balance sheet management, and treasury management; strategic advice on mergers and acquisitions, restructurings, and recapitalizations, as well as valuation and fairness opinions; and trade finance, risk mitigation, and other operating services. Additionally, the company provides research and access to markets for institutional, corporate, and retail clients; trading solutions that include debt, foreign exchange, interest rate, credit, equity, securitization and commodities; new product development and origination services, as well as risk management advice and services to hedge against fluctuations; and funding and liquidity management services to its clients. It operates through approximately 1,400 bank branches and 4,800 automated banking machines in Canada and the United States.
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