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How to Buy Bank Of Montreal Stock

Bank Of Montreal

Bank Of Montreal is a diversified bank company located in Ontario, Canada, which is part of the Financial Services sector, and is traded under the ticker BMO on the NYSE exchange.

Bank Of Montreal stock last closed at $83.59, down 1.04% from the previous day, and has decreased 5.75% in one year. It has underperformed other stocks in the Banks - Diversified industry by 0.23 percentage points. Bank Of Montreal stock is currently +11,350.68% from its 52-week low of $0.73, and -16.51% from its 52-week high of $100.12.

At the moment, there are 729.25M shares of BMO outstanding. The market cap of BMO is $60.96B. In the past 24 hours, 420,766 BMO shares were traded.

How to Buy Bank Of Montreal Stock

Not sure how to invest in Bank Of Montreal stock? Here's how.
  1. Decide where to buy Bank Of Montreal stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Bank Of Montreal stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Pick your method of payment and add your info.
  4. Analyze Bank Of Montreal stock: The Bank Of Montreal ticker symbol is BMO. Is Bank Of Montreal stock a good investment? Should you buy shares of BMO? How do BMO's underlying business fundamentals look? Do top analysts think Bank Of Montreal is a good buy? Why has BMO's stock price moved recently? (Hint: Our stock market research website can help you evaluate if BMO is a good stock to buy).
  5. Place your BMO purchase: Decide if you will purchase BMO shares at the current market price or use a limit order to purchase BMO shares at a particular price.
  6. Get notifications regarding your investment in BMO: Create a watchlist to keep tabs on your new investment in Bank Of Montreal stock.

Step 1: Decide where to buy Bank Of Montreal stock

You will need a brokerage account to access the NYSE market and buy BMO stock.

A brokerage account allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

Based on our analysis, eToro is the best place to buy stocks. Here's why:

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Step 2: Sign up for a brokerage account

Now that you've chosen the right brokerage, the next step is to fill out some personal info so you are able to buy BMO stock today.

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  1. Click here to get started.
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  2. Enter your personal details to start your new brokerage account.
  1. Send your data by pressing the "Create Account" button.
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    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit funds into your brokerage account

Now that you've created your account on a mobile trading app, you need to deposit funds:

Watch the tutorial below for more details transferring funds into your brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Analyze Bank Of Montreal stock

After you have identified the best place to buy Bank Of Montreal stock, it's absolutely critical to evaluate their stock before you buy, so you truly comprehend the risk and opportunity.

Bank Of Montreal stock quick numbers

BMO Price
$83.59
1w %
-1.61%
1y %
-5.75%
5y %
12.41%
P/E
13.78x
P/B
1.04x
P/S
2.6x
PEG
0.73x
Revenue
$23.45B
Earnings
$4.64B
Fore. Rev. Growth
4.01%
Fore. Earn. Growth
21.02%
Market Cap
$60.96B
Next Earnings
N/A
Next Dividend
Aug 27, 2024

BMO Overview

WallStreetZen was created to help everyday investors do better fundamental analysis quickly.

You can view all of the due diligence checks on BMO's stock page.

Is BMO stock undervalued or overvalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge BMO's true value.

Using relative valuations ratios:

  • BMO could be overvalued based on its P/E ratio of 13.78x, relative to Banks - Diversified industry P/E ratio of 12.58x
  • BMO may be undervalued based on its P/B ratio of 1.04x, relative to Banks - Diversified industry P/B ratio of 1.09x
  • BMO may be undervalued based on its PEG ratio of 0.73x

You can access more valuation research on BMO's stock here.

BMO Financial Overview

Pros:

  • BMO earnings of $5.96B is not enough to cover its interest payments.

Cons:

  • BMO profit margin has gone down from 23.7% to 19.8% in the past year.
  • BMO's operating cash flow of $26.86B allows it to safely service it's debt of $155.63B.
  • BMO has a relatively high debt to equity ratio of 16.28.
  • Total BMO debt is higher than 5 years ago, relative to shareholder equity.

Do Wall Street analysts think it's a good time to buy BMO stock

Out of 1 Wall Street analysts who give forecasts on BMO, the consensus analyst rating on BMO is a Hold

Please note that analyst ratings are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the Bank Of Montreal stock forecast page.

Metrics for Advanced BMO Traders

SMA10
85.57
SMA20
89.2
SMA50
91.52
SMA100
92.84
SMA200
89.35
MACD
-2.46
MACD Signal
-1.92
MACD Histogram
-0.54
RSI
30.6
Stochastic %K
87.38
Stochastic %D
87.36
StochRSI %K
14.87
StochRSI %D
10.85

BMO Performance Metrics

Last year, BMO earnings were $4.64B. During the past 5 year, BMO's earnings have increased by -3.18% per year. This was slower than the Banks - Diversified industry average of 6.25%.

Last year, BMO revenue was $23.45B. During the last 5 year, BMO's revenue has increased by 4.95% per year. This was faster than the Banks - Diversified industry average of 3.34%.

Find out more about BMO's earnings and revenue performance here.

Are BMO executives and large shareholders buying or selling the stock?

In the past 12 months, insiders at BMO have not bought or sold any shares.

Get more info about who owns BMO stock here.

Can I get consistent income from BMO stock?

Bank Of Montreal pays a dividend of 5.75%, compared to the Banks - Diversified industry's average dividend yield of 4.63%. If you owned $1,000 of BMO stock, you would have been paid $57.55 in the past year.

Bank Of Montreal dividend payments have consistently grown over the past decade but have not remained stable.

Dig into more data about Bank Of Montreal dividend yield and history here.

What others are saying about BMO

One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Place your BMO purchase

There are two main options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are generally the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a particular price limit, use a limit order.

Hit the Open Trade button and eToro will place your order.

If you need more info about buying stocks on eToro, watch the how to video below:

Open eToro Account

Step 6: Get notifications regarding your investment in BMO

Now that you own some shares in BMO, you'll want to keep up with your new investment.

Create a watchlist to monitor your BMO stock.

BMO Feed

How to Buy Stock in Bank Of Montreal

To reiterate, here are the 6 steps to buy stock in Bank Of Montreal:

  1. Decide where to buy Bank Of Montreal stock
  2. Sign up for a brokerage account
  3. Deposit funds into your brokerage account
  4. Analyze Bank Of Montreal stock
  5. Place your BMO purchase
  6. Get notifications regarding your investment in BMO

If you are looking for a brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to watch your new investment in Bank Of Montreal, get started below.

NYSE: BMO
$83.59-0.88 (-1.04%)
Updated Jun 14, 2024
Open eToro Account
NYSE: BMO
$83.59-0.88 (-1.04%)
Updated Jun 14, 2024
Open eToro Account

FAQ

How much does it cost to buy one Bank Of Montreal share?

As of Jun 14, 2024, it costs $83.59 to buy one share of Bank Of Montreal stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.12 shares of BMO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Bank Of Montreal stock?

According to 1 Wall Street analysts who monitor Bank Of Montreal, their consensus recommendation is to hold Bank Of Montreal stock.

What is the best way to buy Bank Of Montreal stock?

One way to place an order for Bank Of Montreal stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.