Bank of Montreal (BMO) Stock Analysis

November 11, 2026

This is a peer-relative look at Bank of Montreal (BMO): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Banks peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Bank of Montreal (BMO)
Profile Item	BMO
Name	Bank of Montreal
Country/Region	Canada
GICS Sector	Financials
GICS Industry Group	Banks
GICS Industry	Banks
GICS Sub-Industry	Diversified Banks
Market Capitalization	118.95 billion USD
Currency	USD
Exchange	NYSE
Listing Date	October 27, 1994
Security Type	Common Stock

Price Performance

Cumulative Growth

BMO

GSPC

Bank of Montreal (BMO) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Bank of Montreal (BMO) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Bank of Montreal (BMO) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Bank of Montreal (BMO) metric values compared with Banks industry-group medians
Metric	Current stock: BMO	Industry group median
Total Return (1Y)	44.12%	30.28%
Total Return (3Y, Annualized)	35.66%	26.57%
Total Return (5Y, Annualized)	13.54%	9.43%

Risk Profile

Drawdown History

BMO

GSPC

Bank of Montreal (BMO) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Bank of Montreal (BMO) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Bank of Montreal (BMO) metric values compared with Banks industry-group medians
Metric	Current stock: BMO	Industry group median
Volatility (1Y, Annualized)	20.96%	24.34%
Beta (5Y)	0.93	0.72
Max Drawdown (5Y)	-34.29%	-43.36%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. BMO is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Bank of Montreal (BMO) metric values compared with Banks industry-group medians
Metric	Current stock: BMO	Industry group median
Sharpe Ratio (1Y)	1.90	1.08
Sortino Ratio (1Y)	2.79	1.61

Profitability

ROE (TTM)

Bank of Montreal (BMO) posts ROE of 10.57%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

BMO

Banks industry group

10.57%

Group distribution

Max: 19.84%
Q3: 13.67%
Median: 11.49%
BMO: 10.57%
Q1: 9.50%
Min: 3.64%

Largest peers

JPM: 18.01%
RY: 16.21%
HSBC: 14.22%
WFC: 12.91%
BAC: 10.73%
BMO: 10.57%
MUFG: 9.46%

Where Bank of Montreal (BMO) stands on ROE within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Bank of Montreal (BMO) keeps 25.66% of revenue as net profit, in the lower peer quartile for net margin. More of each sales dollar is being absorbed by costs, financing, taxes, or other charges than at most peers.

BMO

Banks industry group

25.66%

Group distribution

Max: 47.19%
Q3: 35.25%
Median: 31.21%
Q1: 27.11%
BMO: 25.66%
Min: 14.93%

Largest peers

HSBC: 41.16%
JPM: 34.59%
RY: 33.87%
BAC: 28.06%
WFC: 27.64%
MUFG: 27.45%
BMO: 25.66%

Where Bank of Montreal (BMO) stands on net margin within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for Bank of Montreal (BMO) in Banks: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

Bank of Montreal (BMO) metric values compared with Banks industry-group medians
Metric	Current stock: BMO	Industry group median
ROE (TTM)	10.57%	11.49%
ROA (TTM)	0.62%	1.24%
Net Margin (TTM)	25.66%	31.21%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Bank of Montreal (BMO) grew revenue 12.67%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Bank of Montreal (BMO): Revenue Growth across different time periods, set against Banks industry-group medians.

EPS Growth

Bank of Montreal (BMO) grew earnings per share 20.29%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Bank of Montreal (BMO): EPS Growth across different time periods, set against Banks industry-group medians.

Growth Metrics

Bank of Montreal (BMO) metric values compared with Banks industry-group medians
Metric	Current stock: BMO	Industry group median
Revenue Growth (YoY)	12.67%	11.23%
Revenue Growth (3Y CAGR)	11.19%	6.33%
EPS Growth (YoY)	20.29%	16.14%
EPS Growth (3Y CAGR)	-16.98%	3.15%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Bank of Montreal (BMO) in Banks: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Bank of Montreal (BMO) in Banks: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Bank of Montreal (BMO) metric values compared with Banks industry-group medians
Metric	Current stock: BMO	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Bank of Montreal (BMO) has dividend yield of 3.87%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

BMO

Banks industry group

3.87%

Group distribution

Max: 5.79%
BMO: 3.87%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
Min: 0.00%

Largest peers

MUFG: 406.81%
BMO: 3.87%
RY: 3.23%
BAC: 2.33%
WFC: 2.19%
JPM: 1.82%
HSBC: 0.86%

Where Bank of Montreal (BMO) stands on dividend yield within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Bank of Montreal (BMO) has payout ratio of 54.44%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

BMO

Banks industry group

54.44%

Group distribution

Max: 70.75%
BMO: 54.44%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

Largest peers

BMO: 54.44%
HSBC: 53.57%
RY: 41.49%
MUFG: 34.74%
BAC: 27.62%
WFC: 26.09%
JPM: 25.80%

Where Bank of Montreal (BMO) stands on payout ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Bank of Montreal (BMO) metric values compared with Banks industry-group medians
Metric	Current stock: BMO	Industry group median
Dividend Yield (TTM)	3.87%	2.39%
Dividend Payout Ratio (TTM)	54.44%	29.26%

Valuation

P/E Ratio (TTM)

Bank of Montreal (BMO) trades at P/E ratio of 19.34, above the peer range for its industry. The market is paying unusually heavily for TTM earnings relative to comparable companies.

BMO

Banks industry group

19.34

Group distribution

BMO: 19.34
Max: 18.16
Q3: 13.75
Median: 11.81
Q1: 10.64
Min: 6.49

Largest peers

BMO: 19.34
RY: 17.58
JPM: 14.03
MUFG: 13.71
WFC: 11.84
BAC: 11.79
HSBC: 11.38

Where Bank of Montreal (BMO) stands on P/E ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

P/S ratio is not assessed for Bank of Montreal (BMO) in Banks: the revenue line is driven by spread economics rather than conventional product or service sales, so book value or earnings usually carry more weight.

P/B Ratio (MRQ)

Bank of Montreal (BMO) trades at 1.97 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

BMO

Banks industry group

1.97

Group distribution

Max: 2.28
BMO: 1.97
Q3: 1.58
Median: 1.32
Q1: 1.10
Min: 0.59

Largest peers

HSBC: 6.87
RY: 2.92
JPM: 2.53
BMO: 1.97
MUFG: 1.64
WFC: 1.59
BAC: 1.26

Where Bank of Montreal (BMO) stands on P/B ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Bank of Montreal (BMO) metric values compared with Banks industry-group medians
Metric	Current stock: BMO	Industry group median
P/E Ratio (TTM)	19.34	11.81
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.97	1.32
Free Cash Flow Yield (TTM)	--	--