The Bank of Montreal's recent earnings report shows significant challenges, as it missed EPS estimates by 36.8%.
On August 25, 2026, the Bank of Montreal (TSX: BMO) announced its latest earnings, revealing an adjusted EPS of $2.3757, which fell short of analysts' expectations of $3.76. This disappointing result highlights ongoing difficulties for the financial institution in a competitive banking landscape.
Recent earnings trend
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Bank of Montreal
BMO.TO
BMO.TO
Bank of Montreal
WealthAwesomeMarket cap
$167.27B
P/E
18.4x
52W high
$259.20
52W low
$157.72
1W change
-5.50%
Beta
1.15
Analyst Price Targets
Based on analyst covering BMO
Wall Street analysts forecast BMO stock price to rise 5.3% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$252.67
+5.3% Upside
Current Price
C$239.94
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on BMO's historical volatility
30-Day Vol
22.5%
Annualized
90-Day Vol
19.4%
Annualized
Trend (90d)
+29.0%
Annualized drift
90d Mean
C$266.13
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$248.37 | C$229.79 โ C$268.45 |
| 60 trading days | C$257.09 | C$230.32 โ C$286.98 |
| 90 trading days | C$266.13 | C$232.60 โ C$304.49 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 10 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-07-31 | 2026-08-25 | 2.3757 | 3.7600 | -36.8% |
| 2026-04-30 | 2026-05-27 | 3.6700 | 3.4500 | +6.4% |
| 2026-01-31 | 2026-02-25 | 3.4800 | 3.2100 | +8.4% |
| 2025-10-31 | 2025-12-04 | 2.9700 | 2.8900 | +2.8% |
| 2025-07-31 | 2025-08-26 | 3.2300 | 2.9600 | +9.1% |
| 2025-04-30 | 2025-05-28 | 2.5000 | 2.3900 | +4.6% |
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Investor takeaway: Investors should be cautious as the Bank of Montreal navigates a quarter marked by lower-than-expected earnings. Given its historical track record of beating estimates, this miss raises concerns about the bank's future performance and profitability.
EPS Misses Estimates by 36.8%
The Bank of Montreal's adjusted EPS of $2.3757 significantly underperformed against the consensus estimate of $3.76, marking a sharp decline in earnings expectations.
Bull case
Despite the earnings miss, the Bank of Montreal has a solid foundation, with a profit margin of 28.06% and a market capitalization of around CAD 167.27 billion. The bank's diversified operations and plans for share buybacks could help restore investor confidence.
Bear case
The substantial earnings miss of 36.8% suggests potential underlying issues within the bank's operations. With the upcoming EPS consensus at $3.69 and a year-over-year EPS growth estimate of 14.4%, any further disappointments could lead to decreased investor sentiment and pressure on the stock price.
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Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
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