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How to buy Bank of Montreal stock in Canada | $60.53
Own Bank of Montreal shares in just a few minutes.
Bank of Montreal is a banks—diversified business based in the US. Bank of Montreal shares (BMO.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $60.53 – a decrease of 2.13% over the previous week. Bank of Montreal employs 45,513 staff and has a market cap (total outstanding shares value) of $39.4 billion.
How to buy shares in Bank of Montreal
- Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: BMO in this case.
- Research Bank of Montreal shares. The platform should provide the latest information available.
- Buy your Bank of Montreal shares. It's that simple.
What's in this guide?
- Can I buy shares in Bank of Montreal?
- Has coronavirus impacted Bank of Montreal shares?
- Bank of Montreal shares summary
- Compare share dealing platforms
- Is Bank of Montreal stock a buy or sell?
- Bank of Montreal performance over time
- Can I short Bank of Montreal shares?
- Is Bank of Montreal suitable for ethical investing?
- Are Bank of Montreal shares over-valued?
- Bank of Montreal's financials
- How volatile are Bank of Montreal shares?
- Does Bank of Montreal pay a dividend?
- Have Bank of Montreal shares ever split?
- Other common questions
How has Coronavirus impacted Bank of Montreal's share price?
Since the stock market crash in March caused by coronavirus, Bank of Montreal's share price has had significant negative movement.
Its last market close was $60.53, which is 20.84% down on its pre-crash value of $76.47 and 58.00% up on the lowest point reached during the March crash when the shares fell as low as $38.31.
If you had bought $1,000 worth of Bank of Montreal shares at the start of February 2020, those shares 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 $800.81.
Bank of Montreal share price
Use our graph to track the performance of BMO stocks over time.Bank of Montreal shares at a glance
Information last updated 2020-10-20.
| Latest market close | $60.53 |
|---|---|
| 52-week range | $38.31 - $79.93 |
| 50-day moving average | $60.6829 |
| 200-day moving average | $55.1758 |
| Wall St. target price | $85.95 |
| PE ratio | 11.5915 |
| Dividend yield | $3.21 (5.3%) |
| Earnings per share (TTM) | $6.142 |
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Is it a good time to buy Bank of Montreal stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Bank of Montreal price performance over time
Historical closes compared with the last close of $60.53
| 1 week (2020-10-21) | -2.93% |
|---|---|
| 1 month (2020-09-29) | 3.68% |
| 3 months (2020-07-28) | 9.58% |
| 6 months (2020-04-28) | 18.90% |
| 1 year (2019-10-28) | -19.51% |
|---|---|
| 2 years (2018-10-26) | -19.86% |
| 3 years (2017-10-27) | -22.40% |
| 5 years (2015-10-28) | 1.77% |
Is Bank of Montreal under- or over-valued?
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 P/E ratio
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 PEG ratio
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.
Bank of Montreal financials
| Gross profit TTM | USD$24.6 billion |
|---|---|
| Return on assets TTM | 0.52% |
| Return on equity TTM | 8.95% |
| Profit margin | 20.91% |
| Book value | $48.663 |
| Market capitalisation | USD$39.4 billion |
TTM: trailing 12 months
How to short and sell Bank of Montreal shares
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "BMO.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 5.4 million Bank of Montreal shares held short by investors – that's known as Bank of Montreal's "short interest". This figure is 4.5% down from 5.7 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)
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 498186.35531136). Bank of Montreal's SIR currently stands at 10.92. In other words for every 100,000 Bank of Montreal shares traded daily on the market, roughly 10920 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 0.01% of the outstanding shares (for every 100,000 Bank of Montreal shares in existence, roughly 10 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable Bank of Montreal shares, roughly 0 shares are currently held short).
A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting against Bank of Montreal.
Find out more about how you can short Bank of Montreal stock.
Bank of Montreal's environmental, social and governance track record
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.
Bank of Montreal's total ESG risk score
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 10/01/2020) 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.).
Bank of Montreal's environmental score
Environmental score: 0.55/100
Bank of Montreal's social score
Social score: 8.36/100
Bank of Montreal's governance score
Governance score: 6.25/100
Bank of Montreal's controversy score
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.
Environmental, social, and governance (ESG) summary
Bank of Montreal was last rated for ESG on: 2020-10-01.
| Total ESG score | 18.57 |
|---|---|
| Total ESG percentile | 26.44 |
| Environmental score | 0.55 |
| Social score | 8.36 |
| Governance score | 6.25 |
| Level of controversy | 2 |
Bank of Montreal share dividends
Dividend payout ratio: 31.11% of net profits
Recently Bank of Montreal has paid out, on average, around 31.11% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.3% 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 5.3% return on their shares, in the form of dividend payments. In Bank of Montreal's case, that would currently equate to about $3.21 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 2020. The latest dividend was paid out to all shareholders who bought their shares by 30 October 2020 (the "ex-dividend date").
Have Bank of Montreal's shares ever split?
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.
Bank of Montreal share price volatility
Over the last 12 months, Bank of Montreal's shares have ranged in value from as little as $38.31 up to $79.93. 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 1.073. 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 overview
Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, BMO Wealth Management, and BMO Capital Markets. 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, and specialized banking programs for small business and commercial banking customers. It also offers wealth management products and services, such as investment and wealth advisory services; digital investing services; financial services and solutions to high net worth and ultra-high net worth clients; 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 to brokers and individuals; creditor and travel insurance to bank customers; and reinsurance solutions. Further, it offers investment and corporate banking services, including 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; 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. The company was founded in 1817 and is headquartered in Montreal, Canada.
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
