Commerce Bank Acquires New Stake in Bank Of Montreal $BMO

Commerce Bank purchased a new position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,698 shares of the bank’s stock, valued at approximately $653,000.

Several other institutional investors have also recently made changes to their positions in BMO. TD Asset Management Inc boosted its stake in Bank Of Montreal by 1.5% during the fourth quarter. TD Asset Management Inc now owns 19,372,601 shares of the bank’s stock valued at $2,519,180,000 after buying an additional 293,575 shares during the period. FIL Ltd raised its holdings in shares of Bank Of Montreal by 15.2% during the 4th quarter. FIL Ltd now owns 9,445,162 shares of the bank’s stock valued at $1,226,622,000 after buying an additional 1,245,500 shares in the last quarter. Norges Bank bought a new stake in Bank Of Montreal in the 4th quarter worth approximately $1,059,320,000. Geode Capital Management LLC lifted its position in Bank Of Montreal by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 7,030,219 shares of the bank’s stock worth $932,242,000 after buying an additional 442,812 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Bank Of Montreal by 0.5% in the fourth quarter. Legal & General Group Plc now owns 4,550,324 shares of the bank’s stock worth $591,714,000 after buying an additional 24,658 shares in the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Stock Performance

Bank Of Montreal stock opened at $172.83 on Thursday. The stock’s 50 day simple moving average is $177.88 and its two-hundred day simple moving average is $159.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $120.49 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.06 and a beta of 0.94. Bank Of Montreal has a fifty-two week low of $118.13 and a fifty-two week high of $187.22.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.14. Bank Of Montreal had a return on equity of 13.60% and a net margin of 11.72%.The firm had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same quarter in the prior year, the company earned $2.62 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, analysts expect that Bank Of Montreal will post 10.49 earnings per share for the current fiscal year.

Bank Of Montreal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 26th. Investors of record on Friday, October 30th will be given a dividend of $1.71 per share. The ex-dividend date is Friday, October 30th. This represents a $6.84 annualized dividend and a dividend yield of 4.0%. Bank Of Montreal’s payout ratio is currently 51.06%.

More Bank Of Montreal News

Here are the key news stories impacting Bank Of Montreal this week:

• Positive Sentiment: Adjusted earnings exceeded expectations: Adjusted EPS rose 22% year over year to $3.96, above the approximately $2.71–$2.86 analyst estimates cited in reports. Revenue increased about 10% to roughly $7.1 billion, supported by strength in U.S. banking and capital markets. BMO Financial beats third-quarter forecasts as capital markets earnings surge
• Positive Sentiment: Capital markets momentum was a key catalyst: Earnings in the division surged, while stronger U.S. banking results helped BMO beat forecasts despite ongoing concerns about tariffs and the economic outlook. Provisions for credit losses also declined to $722 million from $797 million a year earlier. Bank of Montreal beats earnings estimates on US banking strength
• Positive Sentiment: Planned share repurchases could support the stock: BMO intends to buy back and cancel up to 25 million common shares, subject to OSFI and TSX approval. The program could reduce the share count and enhance per-share earnings over time. BMO announces intention to repurchase shares
• Neutral Sentiment: Dividend was maintained: BMO declared a quarterly dividend of $1.71 per share, unchanged from the prior quarter, representing an annualized $6.84 payout and an indicated yield near 3.9%. The consistency supports income investors but offers no new dividend-growth catalyst. BMO declares dividends
• Negative Sentiment: Reported results declined sharply: Net income fell 25% to $1.75 billion and reported EPS dropped 24% to $2.38, primarily reflecting a charge related to the sale of assets. Reported ROE decreased to 8.4% from 11.6%, while the CET1 ratio eased to 13.0% from 13.5%. These figures likely explain the cautious reaction despite the adjusted earnings beat. BMO reports third-quarter 2026 results

Wall Street Analyst Weigh In

Several research firms recently commented on BMO. Weiss Ratings lowered shares of Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Scotiabank reissued an “outperform” rating on shares of Bank Of Montreal in a research note on Wednesday. Barclays restated an “underweight” rating on shares of Bank Of Montreal in a research report on Friday, August 21st. Keefe, Bruyette & Woods began coverage on Bank Of Montreal in a research note on Friday, August 21st. They set an “outperform” rating on the stock. Finally, Canadian Imperial Bank of Commerce downgraded Bank Of Montreal from a “sector outperform” rating to a “neutral” rating in a report on Tuesday, August 18th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $163.00.

About Bank Of Montreal

Bank of Montreal (NYSE:BMO), commonly known as BMO Financial Group, is one of Canada’s largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO’s core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.