profit from every $100 of sales.
$0$100
Bank of Montreal
$173.24+0.18% today
+39.6% in 1 year
1-year low $119.921-year high $185.81
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $19.73 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Bank of Montreal sold, what it kept, and what it did with the cash.
Sales went from CA$26.3 billion in 2022 to CA$36.1 billion in 2025, with CA$8.71 billion of profit last year.
SalesProfit
Bank of Montreal handed back more cash to shareholders than it generated last year.
Buybacks CA$3.9BCA$5.0B
Free cash flow 2025CA$8.5B
Bought back its own sharesCA$3.9B
Paid as dividendsCA$5.0B
Cash vs. debtCA$70.3B vs. CA$280.2B
Bank of Montreal vs. similar companies
Bank of Montreal grows the fastest of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Bank of Montreal | 19.7× · Fair price | ||
 JPMorgan Chase | 16.1× · Fair price | ||
 China Construction Bank | 9.3× · Cheap | ||
 Industrial and Commercial Bank of China | 8.6× · Cheap | ||
 Agricultural Bank of China | 8.9× · Cheap |
Compare Bank of Montreal with i BBCA ID SDR 1to2 · JPMorgan Chase · Mastercard · Moody's · S&P Global · Visa
AI analysis
An AI analyst reads Bank of Montreal's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 26,259 | 31,115 | 32,041 | 36,099 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 13,537 | 4,425 | 7,318 | 8,709 | |
| 19.99 | 5.76 | 9.51 | 11.44 | |
| – | – | – | – | |
| – | – | – | – | |
| 51.6% | 14.2% | 22.8% | 24.1% |
Balance sheet
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 1,139,199 | 1,347,006 | 1,409,647 | 1,476,802 |
| Cash | 93,200 | 82,043 | 68,738 | 70,322 |
| Total debt | 222,641 | 248,735 | 265,969 | 280,228 |
| Total liabilities | 1,068,161 | 1,270,883 | 1,325,361 | 1,388,702 |
| 71,038 | 76,095 | 84,250 | 88,051 | |
| 666 | 711 | 729 | 723 | |
| – | – | – | – | |
| 19.1% | 5.8% | 8.7% | 9.9% |
Cash flow
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 4,957 | 9,591 | 26,703 | 10,240 | |
| 1,448 | 1,677 | 1,564 | 1,729 | |
| 3,509 | 7,914 | 25,139 | 8,511 | |
| Dividends paid | 2,595 | 2,703 | 3,840 | 5,031 |
| 1,517 | 0 | 1,250 | 3,896 | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 19.7×
- 12.2×
- –
- 1.9×
- 4.8×
- 5.1%
- 2.9%
Profitability
- 24.1%
- 0.6%
- 2.0%
- 11.2%
- 0.6%
Growth
- +11.2%
- −17.0%
- +7.8%
- +2.8%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 19%of 688
Bottom 38%of 540
Bottom 27%of 900
Top 37%of 908
Bottom 49%of 941
What analysts expect
- Average price target
- $92.00
- Range
- $92.00 – $92.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Feb 25, 2026 | 2.51 | 2.35 | +6.8% |
| Dec 4, 2025 | 2.36 | 2.16 | +9.3% |
| Aug 26, 2025 | 2.33 | 2.12 | +9.9% |
| May 28, 2025 | 1.84 | 1.84 | +0.0% |
| Feb 25, 2025 | 2.14 | 1.70 | +25.9% |
| Dec 5, 2024 | 1.39 | 1.75 | −20.6% |
| Aug 27, 2024 | 1.93 | 1.98 | −2.5% |
| May 29, 2024 | 1.88 | 2.01 | −6.5% |
2.9%of the share price, paid each year
On $1,000 invested$29a year at today's yield, before tax
+7.8%2020 to 2025
Raised5 yearsin a row, in our data
Paid per share, each year
$2.56 in 2015 → $4.60 in 2025
How safe it looks
57.8% of its profit
Room to growStretchedMore than it earns: 59.1%
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
37No pass
Benjamin Graham
44No pass
Philip Fisher
45No pass
Peter Lynch
26No pass
Joel Greenblatt
11No pass
Charlie Munger
35No pass
Terry Smith
37No pass
Questions about Bank of Montreal
Is Bank of Montreal a good stock to buy?
A strong, very profitable business at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Bank of Montreal AI analysis
What does Bank of Montreal do?
Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian Personal and Commercial Banking; U.S. Banking; Wealth Management; and Capital Markets segments. It is in Banks - Diversified, based in Montreal, QC, Canada, with 53,234 employees.
Does Bank of Montreal pay a dividend?
Yes. At today's price the dividend is 2.9% a year, about 58% of its yearly profit. In 2025 it paid out $5.03 billion in dividends.
Is Bank of Montreal stock halal?
No. Bank of Montreal does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Bank of Montreal stock done over the past year?
Up 39.6% over the past twelve months, to $173.24. It traded between $119.92 and $185.81 and is 6.8% below its high.
Who are Bank of Montreal's competitors?
The largest listed companies in the same industry are JPMorgan Chase, China Construction Bank, Industrial and Commercial Bank of China and Agricultural Bank of China. The peers table on this page compares their profit, growth and price with Bank of Montreal's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.