Bank of Montreal
BMO - Insider Information
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+ FollowMarket Cap$88.43B
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Earnings Call Q3 2026
August 25, 2026 - AI Summary
Strong Q3 profitability + ROE momentum (core upside)
- EPS: $3.96 adjusted (+22% YoY) on record net income of $2.9B.
- Pre-provision pretax earnings (PPPT): $4.5B (+13% YoY) with positive operating leverage of 1.6% (disciplined expense growth vs revenue).
- ROE: 14% (+200 bps YoY), sustaining a multi-quarter improvement; management confidence to reach ~15% ROE exiting fiscal 2027.
Credit quality improved; provisions low (good, with a watch-item risk)
- Total PCL: $722M, down from $739M prior quarter; driven by lower impaired provisions.
- Impaired losses: $708M (down $26M; 41 bps).
- Watch list: - $1B due to net positive migration; gross impaired loans $6.8B (down 4 bps QoQ).
- Outlook: Q4 impaired PCL expected ~in line with Q3; no change to 2026 guidance.
- Risk lens: tariff/trade uncertainty could create second-order macro effects in Canada, though BMO says not a broad-based credit event today.
Net interest income (NII) / deposits: resilient margin, driven by mix and growth
- Average loans: +3% YoY and +2% QoQ.
- Core operating deposits: +8% YoY; term deposits deliberately reduced to improve mix/margin resilience.
- NIM ex Markets: 226 bps (+5 bps YoY); -3 bps QoQ mainly from more low-yielding liquidity in corporate, partly offset by segment margin strength.
- Guidance tone: expect resilient underlying NIM, with possible modest quarter-to-quarter fluctuations from liquidity management and divestiture-related balance sheet mix.
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$50.09
71.8% downside
Current Fair Value
71.8% downsideOvervalued by 71.8% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $88.43 Billion |
|---|---|
| Enterprise Value | $181.73 Billion |
| Annual dividend | $4.90 |
| Dividend yield | 2.83% |
| Earnings per Share | $11.46 |
| Beta | 1.12 |
| Outstanding Shares | 498,574,456 |
Return
| Return on Equity | 10.57% |
|---|---|
| Return on Assets | 0.59% |
| Return on Invested Capital | 0.87% |
Valuation & Multiples
| P/E Ratio | 19.45 |
|---|---|
| PEG | -78.28 |
| Price to Sales | 1.31 |
| Price to Book Ratio | 1.03 |
| Enterprise Value to Revenue | 2.68 |
| Enterprise Value to EBIT | 14.87 |
| Enterprise Value to Net Income | 19 |
| Total Debt to Enterprise | 0.92 |
| Debt to Equity | 1.93 |
Revenue Sources
No data
Last Earnings Call
Report Date
August 25, 2026
EPS Estimate
$2.71
Consensus analyst estimateRevenue Estimate
$6.94 B
Consensus analyst estimateNext Earnings Call
Expected Date
December 2, 2026
EPS Estimate
$2.67
Consensus analyst estimateRevenue Estimate
$7.12 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 168.40% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | 24,800▼ 99.62% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 2.35%▼ 43.59% |
|---|---|
| Total Invested | $2.01B▼ 96.67% |
| Investors Holding | 222▼ 479.00% |
About Bank of Montreal
30,727 employees
CEO: Darryl White
at bmo, banking is our personal commitment to helping people at every stage of their financial lives. the truth is, people’s needs change: so we change too. but we never change who we are. which means we’ll never waiver from providing ou...