Bank of Montreal · BMO · Next earnings

Bank of Montreal reports Wednesday, Dec 2, 2026

BMO reports before market open with consensus EPS at $2.67 and revenue at $7.12B. Last quarter: BMO reports strong Q3 as ROE advances toward 15% target

Reports Before market open27 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $2.67 Calendar consensus
Consensus revenue $7.12B Calendar consensus
Report date Dec 2, 2026 Wednesday, date estimated
Session Before market open 27 days away

Where BMO left off: FY2026 Q3

Full report

BMO reports strong Q3 as ROE advances toward 15% target

EPS surprise +4.8% Reported $2.84 vs $2.71
Revenue surprise +2.4% Reported $7.10B vs $6.94B
Stock move +0.6% Event window
Subsequent drift +0.6% Up to 20 sessions

Maintained; management reaffirmed its guidance and remained focused on the 15% ROE target for fiscal 2027.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Tariff and trade-policy uncertainty could weigh on Canadian exporters and credit performance.
  • Faster loan growth than deposit growth could pressure net interest margin.
  • Macroeconomic volatility, inflation, and higher rates could drive credit deterioration.
  • The proposed share-buyback issuer bid requires regulatory approval.
  • Capital-markets earnings and margins may not remain at current levels.

Questions analysts left open

  • Management still needs to lift U.S. ROE from about 10% toward 12%.
  • Tariffs and trade-policy uncertainty could affect Canadian growth and loan performance.
  • The sustainability of capital-markets earnings and margin trends remains a question.
  • Potential U.S. M&A could affect the path toward ROE targets.

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Recent BMO quarters

All BMO earnings
+0.6%FY2026 Q3+0.8%FY2026 Q2-0.1%FY2025 Q4+4.9%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.