Desjardins Has Positive Outlook for TSE:BMO FY2026 Earnings

Bank of Montreal (TSE:BMO) (NYSE:BMO) – Analysts at Desjardins boosted their FY2026 earnings per share estimates for shares of Bank of Montreal in a research report issued to clients and investors on Thursday, December 5th. Desjardins analyst D. Young now expects that the bank will earn $12.60 per share for the year, up from their prior estimate of $12.20. Desjardins currently has a “Hold” rating and a $120.00 price objective on the stock. The consensus estimate for Bank of Montreal’s current full-year earnings is $9.65 per share.

Several other research analysts have also issued reports on the stock. Canaccord Genuity Group increased their target price on shares of Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday. Jefferies Financial Group cut their target price on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Bank of America lowered shares of Bank of Montreal from a “buy” rating to a “neutral” rating and cut their target price for the stock from C$134.00 to C$117.00 in a research note on Wednesday, August 28th. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday. Finally, Royal Bank of Canada cut their target price on shares of Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 28th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$131.33.

Bank of Montreal Stock Up 4.7 %

Bank of Montreal stock opened at C$146.32 on Monday. The company has a market capitalization of C$106.73 billion, a PE ratio of 16.84, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$147.54. The firm’s fifty day moving average is C$128.88 and its 200 day moving average is C$121.67.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Thursday, January 30th will be issued a $1.59 dividend. This represents a $6.36 annualized dividend and a dividend yield of 4.35%. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.55. Bank of Montreal’s dividend payout ratio is currently 71.35%.

Insider Activity

In other news, Senior Officer David Robert Casper sold 12,819 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$121.85, for a total value of C$1,562,007.97. 0.03% of the stock is currently owned by corporate insiders.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.