BMO vs. RY: Bank of Montreal vs. Royal Bank of Canada Stock Comparison
How do Bank of Montreal (BMO) and Royal Bank of Canada (RY) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Bank of Montreal (BMO) and Royal Bank of Canada (RY) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.
| Profile Item | BMO | RY |
|---|---|---|
| Name | Bank of Montreal | Royal Bank of Canada |
| Country/Region | Canada | Canada |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Diversified Banks |
| Market Capitalization | 118.95 billion USD | 278.49 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | October 27, 1994 | October 16, 1995 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BMO | RY |
|---|---|---|
| Total Return (1Y) | 44.12% | 42.94% |
| Total Return (3Y, Annualized) | 35.66% | 38.10% |
| Total Return (5Y, Annualized) | 13.54% | 17.71% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BMO | RY |
|---|---|---|
| Volatility (1Y, Annualized) | 20.96% | 17.09% |
| Beta (5Y) | 0.93 | 0.78 |
| Max Drawdown (5Y) | -34.29% | -28.69% |
| Avg. Volume (3M) | 728.11K | 1.25M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BMO | RY |
|---|---|---|
| Sharpe Ratio (1Y) | 1.90 | 2.26 |
| Sortino Ratio (1Y) | 2.79 | 3.50 |
Profitability
ROE (TTM)
Royal Bank of Canada (RY) at 16.21% sits in the top ROE quartile, while Bank of Montreal (BMO) at 10.57% is closer to the peer norm — stronger capital efficiency for RY.
BMO
Banks industry group
10.57%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- BMO
- 10.57%
- Q1
- 9.50%
- Min
- 3.64%
RY
Banks industry group
16.21%
- Max
- 19.84%
- RY
- 16.21%
- Q3
- 13.67%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
Royal Bank of Canada (RY) at 33.87% keeps about the industry-typical share of revenue as profit, while Bank of Montreal (BMO) at 25.66% retains only a bottom-quartile share.
BMO
Banks industry group
25.66%
- Max
- 47.19%
- Q3
- 35.25%
- Median
- 31.21%
- Q1
- 27.11%
- BMO
- 25.66%
- Min
- 14.93%
RY
Banks industry group
33.87%
- Max
- 47.19%
- Q3
- 35.25%
- RY
- 33.87%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Bank of Montreal (BMO) in Banks and Royal Bank of Canada (RY) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | BMO | RY |
|---|---|---|
| ROE (TTM) | 10.57% | 16.21% |
| ROA (TTM) | 0.62% | 0.96% |
| Net Margin (TTM) | 25.66% | 33.87% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Bank of Montreal (BMO) at 12.67% and Royal Bank of Canada (RY) at 15.73% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Only one side can be read here: Bank of Montreal (BMO) reports EPS growth of 20.29%, ranked against its industry; Royal Bank of Canada (RY) has no EPS growth figure this period.
Growth Metrics
| Metric | BMO | RY |
|---|---|---|
| Revenue Growth (YoY) | 12.67% | 15.73% |
| Revenue Growth (3Y CAGR) | 11.19% | 10.90% |
| EPS Growth (YoY) | 20.29% | -- |
| EPS Growth (3Y CAGR) | -16.98% | -- |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Bank of Montreal (BMO) in Banks and Royal Bank of Canada (RY) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Bank of Montreal (BMO) in Banks and Royal Bank of Canada (RY) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | BMO | RY |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Bank of Montreal (BMO) at 3.87% and Royal Bank of Canada (RY) at 3.23% offer top-quartile dividend income relative to share price within their industries.
BMO
Banks industry group
3.87%
- Max
- 5.79%
- BMO
- 3.87%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
RY
Banks industry group
3.23%
- Max
- 5.79%
- RY
- 3.23%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Bank of Montreal (BMO) at 54.44% and Royal Bank of Canada (RY) at 41.49% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.
BMO
Banks industry group
54.44%
- Max
- 70.75%
- BMO
- 54.44%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
RY
Banks industry group
41.49%
- Max
- 70.75%
- RY
- 41.49%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | BMO | RY |
|---|---|---|
| Dividend Yield (TTM) | 3.87% | 3.23% |
| Dividend Payout Ratio (TTM) | 54.44% | 41.49% |
Valuation
P/E Ratio (TTM)
Both look expensive on trailing earnings: Royal Bank of Canada (RY) at 17.58 sits in the richer P/E ratio quartile, and Bank of Montreal (BMO) at 19.34 is richer still, above its industry range.
BMO
Banks industry group
19.34
- BMO
- 19.34
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- Min
- 6.49
RY
Banks industry group
17.58
- Max
- 18.16
- RY
- 17.58
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both Bank of Montreal (BMO) in Banks and Royal Bank of Canada (RY) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.
P/B Ratio (MRQ)
Both look rich against book: Bank of Montreal (BMO) at 1.97 sits in the upper P/B ratio quartile, and Royal Bank of Canada (RY) at 2.92 prices even higher, above its industry range.
BMO
Banks industry group
1.97
- Max
- 2.28
- BMO
- 1.97
- Q3
- 1.58
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
RY
Banks industry group
2.92
- RY
- 2.92
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | BMO | RY |
|---|---|---|
| P/E Ratio (TTM) | 19.34 | 17.58 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 1.97 | 2.92 |
| Free Cash Flow Yield (TTM) | -- | -- |