BANK OF MONTREAL /CAN/ (BMO) Company Report

Analyst Coverage

Research analysts who have asked questions during BANK OF MONTREAL /CAN/ earnings calls.

Gabriel Dechaine

National Bank Financial

9 questions for BMO

Also covers: , BNS, CM +6 more

Mario Mendonca

TD Securities

9 questions for BMO

Also covers: BNS, CM, GRWTF +5 more

Ebrahim Poonawala

Bank of America Securities

8 questions for BMO

Also covers: , BK, BNS +31 more

Doug Young

Desjardins Capital Markets

7 questions for BMO

Also covers: , BNS, CM +7 more

Paul Holden

CIBC World Markets

7 questions for BMO

Also covers: BNS, GRWTF, GWLIF +5 more

Darko Mihelic

RBC Capital Markets

5 questions for BMO

Also covers: , BNS, CM +4 more

John Aiken

Jefferies Securities

5 questions for BMO

Also covers: BNS, CM, MFC +3 more

Lemar Persaud

Cormark Securities

4 questions for BMO

Also covers: BNS, CM, MFC +3 more

Meny Grauman

Scotiabank

3 questions for BMO

Also covers: , CM, GWLIF +4 more

Mike Rizvanovic

Scotiabank

3 questions for BMO

Also covers: CM, RY, VBNK

Matthew James Lee

Canaccord Genuity Group

2 questions for BMO

Also covers: BNS, RY, TD

Darko Mihalik

RBC

1 question for BMO

Ebrahim Poonawalla

Bank of America

1 question for BMO

Also covers: BNS, MTB, NTRS +3 more

Matthew Lee

Canaccord Genuity

1 question for BMO

Also covers: BNS, CAE, CM +1 more

Mehmed Rizvanovic

KBW Research

1 question for BMO

Also covers: TD, VBNK

Shalabh Garg

Veritas Investment Research Corporation

1 question for BMO

Also covers: CM, TD

Latest news

Recent press releases and 8-K filings for BMO.

Bank of Montreal Reports Earnings Coverage Ratios

BMO

Earnings

Dividends

Bank of Montreal filed an Exhibit to Financial Statements on February 25, 2026, detailing its earnings coverage ratios for the 12 months ended January 31, 2026, and October 31, 2025.
For the 12 months ended January 31, 2026, the interest coverage on subordinated indebtedness was 27.56 times, an increase from 26.32 times for the 12 months ended October 31, 2025.
The grossed up dividend coverage on Class B Preferred Shares and other equity instruments was 23.90 times for the 12 months ended January 31, 2026, compared to 23.63 times for the 12 months ended October 31, 2025.
The combined interest and grossed up dividend coverage on subordinated indebtedness, Class B Preferred Shares and other equity instruments was 13.05 times for the 12 months ended January 31, 2026, up from 12.70 times for the 12 months ended October 31, 2025.

3 days ago

6-K

BMO Financial Group Reports Strong Q1 2026 Results

BMO

Earnings

Dividends

Share Buyback

BMO Financial Group reported net income of $2,489 million, an increase of 16%, and diluted earnings per share (EPS) of $3.39, an increase of 20%, for the first quarter ended January 31, 2026, compared to the prior year. Adjusted net income was $2,551 million and adjusted diluted EPS was $3.48, up 11% and 15% respectively.
Revenue increased by 6% to $9,824 million in Q1 2026 compared to Q1 2025. Reported return on equity (ROE) was 12.1%, up from 10.6% in the prior year.
The provision for credit losses (PCL) decreased to $746 million in Q1 2026 from $1,011 million in Q1 2025. The Common Equity Tier 1 (CET1) Ratio was 13.1%.
The company announced a second quarter 2026 dividend of $1.67 per common share, an increase of 5% from the prior year, and purchased 6.0 million common shares for cancellation during the quarter.

3 days ago

6-K

BMO Financial Group Reports Strong Q1 2026 Results with Double-Digit Earnings Growth

BMO

Earnings

Dividends

Share Buyback

BMO Financial Group reported Q1 2026 net income of $2,489 million, a 16% increase from the prior year, with diluted EPS of $3.39, up 20%. Adjusted net income rose 11% to $2,551 million, and adjusted diluted EPS increased 15% to $3.48.
The provision for credit losses (PCL) decreased to $746 million in Q1 2026 from $1,011 million in the prior year.
Reported Return on Equity (ROE) improved to 12.1% (from 10.6%), and adjusted ROE to 12.4% (from 11.3%).
The Common Equity Tier 1 (CET1) Ratio stood at 13.1% as of January 31, 2026.
BMO announced a Q2 2026 dividend of $1.67 per common share and repurchased 6.0 million common shares for cancellation during the quarter.

3 days ago

6-K

Bank of Montreal Reports Strong Q1 2026 Results with Double-Digit EPS Growth and Significant ROE Improvement

BMO

Earnings

Guidance Update

Share Buyback

Strong Q1 2026 Performance: Bank of Montreal reported adjusted EPS of CAD 3.48, up 15% year-over-year, and adjusted net income of CAD 2.6 billion, an 11% increase, driven by record pre-provision, pre-tax earnings of CAD 4.1 billion and record revenue across all operating segments.
Enhanced Returns and Capital: The bank's underlying ROE reached 13.1%, an increase of 180 basis points from a year ago, with a target of 15% ROE by the end of 2027. BMO maintained a strong CET1 ratio of 13.1% and executed a buyback of 6 million shares during the quarter.
Strategic Progress and Outlook: US banking optimization is 90% complete, contributing to a 150 basis point year-over-year increase in US ROE. The bank anticipates mid-single-digit loan growth and a relatively stable Net Interest Margin (NIM) in the near term, alongside expected annualized savings of approximately CAD 250 million from severance charges.
Solid Credit Quality and Segment Growth: Total provision for credit losses (PCL) was CAD 746 million or 44 basis points, with impaired provisions at CAD 739 million. All operating segments demonstrated strong net income growth, including Canadian P&C up 8%, US banking up 18%, Wealth Management up 16%, and Capital Markets up 11%.

3 days ago

Transcript

BMO Announces Strong Q1 2026 Results and Progress Towards ROE Target

BMO

Earnings

Guidance Update

Share Buyback

BMO reported strong Q1 2026 results, with adjusted EPS of CAD 3.48, an increase of 15% from last year, and record pre-provision, pre-tax earnings of CAD 4.1 billion.
The bank's underlying Return on Equity (ROE) reached 13.1%, up 180 basis points year-over-year, strengthening confidence in achieving its 15% ROE target by the end of 2027.
The U.S. banking segment's optimization work is 90% complete and is expected to conclude in Q2 2026, with management anticipating mid-single-digit loan growth from this point.
BMO maintained a strong CET1 ratio of 13.1% and repurchased 6 million shares during the quarter.
Credit performance remained stable, with total provision for credit losses at CAD 746 million or 44 basis points.

3 days ago

Transcript

BMO Financial Group Reports Strong Q1 2026 Results

BMO

Earnings

Share Buyback

Guidance Update

BMO Financial Group reported adjusted EPS of CAD 3.48 for Q1 2026, a 15% increase from the prior year, which included a CAD 202 million severance charge.
The bank achieved record pre-provision, pre-tax earnings of CAD 4.1 billion and record revenue across all operating segments, with total revenue growing 6% (or 8% on a constant currency basis).
Underlying Return on Equity (ROE) reached 13.1%, up 180 basis points year-over-year, and the bank is targeting 15% ROE by the end of 2027.
The CET1 ratio remained strong at 13.1%, and the bank repurchased 6 million shares during the quarter.
Total provision for credit losses (PCLs) were CAD 746 million, stable quarter-over-quarter at 44 basis points, with impaired provisions declining. PCLs are expected to remain in the mid-40 basis points range.

3 days ago

Transcript

BMO Reports Strong Q1 Fiscal 2026 Results

BMO

Earnings

Dividends

Share Buyback

BMO Financial Group opened fiscal 2026 with adjusted EPS of $3.48 and revenue of approximately $9.82 billion.
The bank reported net income of $2.489 billion, with adjusted net income around $2.6 billion, and adjusted EPS rising 15% year-over-year.
Profitability was materially supported by a drop in provision for credit losses to $746 million from about $1.01 billion.
BMO repurchased 6 million common shares and declared a Q2 2026 dividend of $1.67 per common share, up 5% year over year.

3 days ago

Bloomberg

BMO Financial Group Reports Strong First Quarter 2026 Results

BMO

Earnings

Dividends

Share Buyback

BMO Financial Group reported Q1 2026 net income of $2,489 million, an increase of 16% from $2,138 million in Q1 2025, and adjusted net income of $2,551 million, up 11% from $2,289 million.
Reported diluted EPS was $3.39, a 20% increase from $2.83 in the prior year, while adjusted diluted EPS was $3.48, an increase of 15% from $3.04.
The provision for credit losses (PCL) decreased to $746 million in Q1 2026 from $1,011 million in Q1 2025.
The company announced a second quarter 2026 dividend of $1.67 per common share, unchanged from the prior quarter and an increase of 5% from the prior year, and purchased 6.0 million common shares for cancellation during the quarter.

3 days ago

Press Release

BMO Issues US$1.1 Billion in Senior Notes

BMO

Debt Issuance

BANK OF MONTREAL filed a Form 6-K on January 14, 2026, for the month of January 2026.
The filing details the issuance and sale of US$1,100,000,000 aggregate principal amount of the Bank's 4.439% Fixed/Floating Rate Senior Notes due 2032.
These notes constitute part of the Senior Medium-Term Notes, Series J of the Bank.

Jan 14, 2026, 9:12 PM

6-K

BMO Outlines Path to 15% ROE by End of 2027

BMO

Guidance Update

Share Buyback

New Projects/Investments

BMO is targeting a 15% Return on Equity (ROE) by the end of 2027, with a commitment to sustain this level in 2028 and beyond. This follows a 150 basis point increase in ROE and 26% EPS growth in 2025.
The U.S. banking segment is expected to achieve a 12% ROE by the end of 2027, supported by a structural reorganization in July 2025 and projected mid-single digit loan growth after Q2 2026.
The company anticipates a restructuring expense of approximately $200 million in Q1 2026, which is expected to generate an annual run rate benefit of $250 million, with half realized in 2026 and the full amount in 2027.
BMO forecasts mid-single digit revenue growth for 2026 and is not actively pursuing M&A, prioritizing organic growth and capital deployment, including the buyback of 22 million shares in 2025.