Analyst Consensus ?
ConsensusHold18 ratings
Bullish844.5%
Neutral844.4%
Bearish211.1%
Bank of Montreal · BMO · FY2025 Q2 · Calendar Q2 2025
BMO maintains ROE rebuild focus amid macro and credit risks
The supplied analysis supports a measured view: BMO's ROE rebuild, balance-sheet optimization and fee businesses provide potential support, but the case remains dependent on execution and is exposed to macroeconomic, credit and margin risks.
Reported Before market openNYSEFinancial Services
$113.88B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.90
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $8.70B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.4%
Event window
SPY move
-0.6%
Same window
Abnormal move
+2.0%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
+2.6%
Up to 20 sessions
BMOSPY benchmark
Ask FN2 about BMO FY2025 Q2
Transcript, numbers and history already loaded
What drove BMO's +1.4% move after FY2025 Q2 earnings?What changed in BMO's guidance and outlook in FY2025 Q2?Give me the bull and bear case for BMO after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the focus remains on ROE rebuilding, deposit-mix optimization, digital products and fee growth. The current analysis places greater emphasis on commercial-loan growth, tariff-related credit risk, margin expansion and possible portfolio impairments.
Guidance delta
Maintained; the supplied analysis indicates no change in guidance sentiment.
Key takeaways
- Management emphasized balance-sheet optimization, lower-cost funding and continued ROE rebuilding.
- Fee-generating businesses, including wealth management and Treasury and Payment Solutions, remain central growth priorities.
- Tariffs, unemployment, loan demand and credit provisions remain the main risks to the outlook.
- The supplied analysis describes management tone as confident, while analyst concerns remain focused on execution and credit quality.
Management priorities
- Continue balance-sheet optimization and the ROE rebuild strategy
- Execute the remaining share-buyback program
- Expand digital products and Treasury and Payment Solutions coverage
- Pursue fee-driven growth in wealth management and capital markets
- Monitor and adapt to macroeconomic and trade-policy changes
Follow BMO with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$162.59Current
$50Low
$144.18Average
$580High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 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 $162.59. 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 | -47.7% | Oct 2, 2026 |
| BMO Capital | Daniel Jester | $90 | $172.72 | -44.6% | Sep 9, 2026 |
| Capital One Financial | Analyst unavailable | $80 | $175.05 | -50.8% | Sep 8, 2026 |
| Morgan Stanley | Analyst unavailable | $580 | $172.87 | +256.7% | Aug 26, 2026 |
| BMO Capital | Michael Zaremski | $203 | $172.35 | +24.9% | Aug 25, 2026 |
| Capital One Financial | Analyst unavailable | $74 | $173.51 | -54.5% | Aug 24, 2026 |
| BMO Capital | Daniel Jester | $103 | $173.49 | -36.7% | Aug 24, 2026 |
| BMO Capital | Fadi Chamoun | $140 | $163.13 | -13.9% | May 28, 2026 |
| BMO Capital | Daniel Jester | $92 | $138.11 | -43.4% | Mar 13, 2026 |
| BMO Capital | Brennan Hawken | $78 | $139.17 | -52.0% | Feb 5, 2026 |
| BMO Capital | Daniel Jester | $125 | $126.69 | -23.1% | Dec 5, 2025 |
| BMO Capital | John McNulty | $50 | $124.18 | -69.2% | Nov 3, 2025 |
| BMO Capital | John McNulty | $380 | $126.64 | +133.7% | Oct 28, 2025 |
| BMO Capital | Bhavesh Lodaya | $109 | $127.27 | -33.0% | Oct 28, 2025 |
| BMO Capital | John McNulty | $70 | $125.8 | -56.9% | Oct 21, 2025 |
| Loop Capital Markets | Analyst unavailable | $50 | $96.91 | -69.2% | Mar 12, 2025 |
| Bank of America Securities | Ebrahim Poonawala | $120.95 | $102 | -25.6% | 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 |
|---|---|---|---|---|
| FDS FactSet Research Systems Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.9% | +3.8% | FactSet reports record FY26 results as AI and MCP adoption accelerate |
| PUK Prudential plc | FY2026 Q2 · Calendar Q3 2026 | -40.9% | -0.5% | Prudential sustains growth and capital returns focus in H1 2026 |
| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
Latest beats and misses
Who reports nextBeat on EPS
Get the BMO recap when the next report posts
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 · 2025-05-17T04:35:12.436431+00:00
- Polygon adjusted daily market bars · 2026-10-11T08:00:41.644066+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T08:00:41.641231+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 2026-10-11. For educational purposes only; not investment advice.