BMO vs. TD: Bank of Montreal vs. Toronto-Dominion Bank Stock Comparison

Company Profile

Bank of Montreal (BMO) and Toronto-Dominion Bank (TD) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Both Bank of Montreal (BMO) at 10.57% and Toronto-Dominion Bank (TD) at 12.83% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

Both Bank of Montreal (BMO) at 25.66% and Toronto-Dominion Bank (TD) at 26.62% let more of each sales dollar slip away before the bottom line than peers do, sitting in the lower net margin quartile of their industries.

Neither side reports a meaningful operating margin: for Bank of Montreal (BMO) in Banks and Toronto-Dominion Bank (TD) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Both Bank of Montreal (BMO) at 12.67% and Toronto-Dominion Bank (TD) at 8.93% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Toronto-Dominion Bank (TD) at 144.92% clears its industry range for EPS growth, a much stronger earnings trajectory than Bank of Montreal (BMO) at 20.29%, which is closer to a typical peer reading.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Bank of Montreal (BMO) in Banks and Toronto-Dominion Bank (TD) 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-to-equity ratio is set aside for both: Bank of Montreal (BMO) in Banks and Toronto-Dominion Bank (TD) 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

Dividends

Both Bank of Montreal (BMO) at 3.87% and Toronto-Dominion Bank (TD) at 3.52% offer top-quartile dividend income relative to share price within their industries.

Both Bank of Montreal (BMO) at 54.44% and Toronto-Dominion Bank (TD) at 46.36% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

Dividend Metrics

Valuation

Both look expensive on trailing earnings: Toronto-Dominion Bank (TD) at 18.16 sits in the richer P/E ratio quartile, and Bank of Montreal (BMO) at 19.34 is richer still, above its industry range.

P/S ratio is set aside for both Bank of Montreal (BMO) in Banks and Toronto-Dominion Bank (TD) 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.

Both Bank of Montreal (BMO) at 1.97 and Toronto-Dominion Bank (TD) at 2.27 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

Valuation Metrics