Analyst Consensus ?
ConsensusHold18 ratings
Bullish844.5%
Neutral844.4%
Bearish211.1%
Bank of Montreal · BMO · FY2025 Q1 · Calendar Q1 2025
BMO: Strong quarter, with U.S. execution and credit risks ahead
BMO's earnings profile is constructive if U.S. deposit growth, digital adoption, and Bank of the West synergies translate into better returns. The thesis is not yet fully de-risked because tariffs, credit losses, funding costs, and execution could offset operating momentum.
Reported Before market openNYSEFinancial Services
$116.13B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.69
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $8.54B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+4.4%
Event window
SPY move
-0.5%
Same window
Abnormal move
+4.9%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-5.8%
Up to 20 sessions
BMOSPY benchmark
Ask FN2 about BMO FY2025 Q1
Transcript, numbers and history already loaded
What drove BMO's +4.4% move after FY2025 Q1 earnings?What changed in BMO's guidance and outlook in FY2025 Q1?Give me the bull and bear case for BMO after FY2025 Q1 earnings.
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Transcript intelligence
What changed
The latest analysis shows stronger operating momentum than the prior quarter, with growth broadening across U.S. banking, wealth management, and capital markets. The risk discussion also shifted toward tariff uncertainty, consumer credit quality, funding costs, and the execution of acquisition synergies.
Guidance delta
Maintained; management continued to describe a path toward stronger U.S. performance, revenue synergies, and improved returns.
Key takeaways
- Management described broad-based momentum across U.S. banking, wealth management, and capital markets.
- Deposit growth, digital adoption, and acquisition synergies remain central to the U.S. strategy.
- Capital strength supports continued growth initiatives and shareholder returns.
- Tariffs, consumer credit losses, funding costs, and macro volatility remain the main counterweights.
Management priorities
- Build the U.S. core deposit base, especially in western markets.
- Capture Bank of the West revenue synergies and improve U.S. returns.
- Continue digital product expansion, including BMO Sync and related capabilities.
- Maintain capital discipline while pursuing buybacks and growth initiatives.
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Estimate
Beat
Miss
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Analyst 52W Price Targets
$167.07Current
$50Low
$144.18Average
$580High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 17, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Sector Perform | Sector Perform | Maintain | May 28, 2026 |
| Scotiabank | Sector Perform | Sector Outperform | Downgrade | Aug 28, 2024 |
| Barclays | Overweight | Overweight | Maintain | Aug 28, 2024 |
| B of A Securities | Neutral | Buy | Downgrade | Aug 28, 2024 |
| Keefe, Bruyette & Woods | Market Perform | Outperform | Downgrade | Jun 3, 2024 |
| Credit Suisse | Outperform | Neutral | Upgrade | Feb 24, 2021 |
| Canaccord Genuity | Buy | Buy | Maintain | Feb 24, 2021 |
| Bank of America | Underperform | Neutral | Downgrade | Jan 28, 2019 |
| Macquarie | Outperform | Neutral | Upgrade | Feb 15, 2018 |
| Citigroup | Buy | Neutral | Upgrade | May 18, 2017 |
| Dundee | Neutral | Neutral | Maintain | Sep 21, 2016 |
| Rafferty Capital | Buy | Hold | Upgrade | Jun 9, 2016 |
| Rafferty | Buy | Hold | Upgrade | Jun 9, 2016 |
| TD Securities | Hold | Buy | Downgrade | May 26, 2016 |
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 28, 2013 |
| Morgan Stanley | Underweight | Equal Weight | Downgrade | May 14, 2013 |
| Desjardins | Buy | Hold | Upgrade | Aug 29, 2012 |
| Stifel Nicolaus | Hold | Hold | Maintain | Aug 28, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $167.07. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BMO Capital | Joel Jackson | $85 | $166.3 | -49.1% | Oct 2, 2026 |
| BMO Capital | Daniel Jester | $90 | $172.72 | -46.1% | Sep 9, 2026 |
| Capital One Financial | Analyst unavailable | $80 | $175.05 | -52.1% | Sep 8, 2026 |
| Morgan Stanley | Analyst unavailable | $580 | $172.87 | +247.2% | Aug 26, 2026 |
| BMO Capital | Michael Zaremski | $203 | $172.35 | +21.5% | Aug 25, 2026 |
| Capital One Financial | Analyst unavailable | $74 | $173.51 | -55.7% | Aug 24, 2026 |
| BMO Capital | Daniel Jester | $103 | $173.49 | -38.3% | Aug 24, 2026 |
| BMO Capital | Fadi Chamoun | $140 | $163.13 | -16.2% | May 28, 2026 |
| BMO Capital | Daniel Jester | $92 | $138.11 | -44.9% | Mar 13, 2026 |
| BMO Capital | Brennan Hawken | $78 | $139.17 | -53.3% | Feb 5, 2026 |
| BMO Capital | Daniel Jester | $125 | $126.69 | -25.2% | Dec 5, 2025 |
| BMO Capital | John McNulty | $50 | $124.18 | -70.1% | Nov 3, 2025 |
| BMO Capital | John McNulty | $380 | $126.64 | +127.4% | Oct 28, 2025 |
| BMO Capital | Bhavesh Lodaya | $109 | $127.27 | -34.8% | Oct 28, 2025 |
| BMO Capital | John McNulty | $70 | $125.8 | -58.1% | Oct 21, 2025 |
| Loop Capital Markets | Analyst unavailable | $50 | $96.91 | -70.1% | Mar 12, 2025 |
| Bank of America Securities | Ebrahim Poonawala | $120.95 | $102 | -27.6% | Aug 25, 2021 |
Track every rating change on BMO the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationBank of Montreal engages in the provision of diversified financial services primarily in North America. The company operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. It’s personal banking products and services include deposits, 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. It also offers investing, banking, and wealth management advisory; digital investing services; financial solutions for individuals, families, and businesses; offers investment management services to institutional, retail, and high net worth investors; and diversified insurance, and wealth and pension de-risking solutions.…
Historical context
All BMO earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| MTB-PH M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T Bank: Loan Growth Holds Up as Rates Pressure Margins |
| MTB-PJ M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T: Deposit growth supports margins as AI use expands |
| RF-PE Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee Growth and Credit Quality Support Q3 |
| RF-PC Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee growth supports a steady Q3 outlook |
| TFC-PI Truist Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | -50.9% | — | Truist sharpens focus as Q3 EPS rises 12% |
| TRV The Travelers Companies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +24.2% | +1.5% | Travelers posts strong Q3, with investment income above $900 million |
Latest beats and misses
Who reports nextBeat on EPS
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One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-11T00:01:39.744939+00:00
- Polygon adjusted daily market bars · 2026-10-17T21:10:42.768537+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T21:10:42.766471+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-17. For educational purposes only; not investment advice.