WallStSmart
BMO

Bank of Montreal

NYSE: BMO · FINANCIAL SERVICES · BANKS - DIVERSIFIED

$152.16
+2.68% today

Updated 2026-04-30

Market cap
$107.25B
P/E ratio
17.33
P/S ratio
3.20x
EPS (TTM)
$8.78
Dividend yield
4.30%
52W range
$91 – $154
Volume
0.8M

Bank of Montreal (BMO) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$152.16
Consensus
$163.00
+7.12%
2030 Target
DCF
17 analysts:
1 Buy1 Hold2 Sell

Management guidance

BMO management has not provided specific revenue targets through 2030 in available public guidance. Recent investor day commentary (March 2026) emphasizes targeting 15% ROE on wealth and US businesses growth, with strategic focus on California expansion (150+ new branches) and AI-driven efficiency. No explicit revenue dollar targets were disclosed for 2026-2030 period.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,239.69
Base case (2030)
$749.27
Bear case (2030)
$490.43

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)
Revenue$68.0B$78.6B$78.1B$39.0B$40.7B$42.5B
Revenue growth15.5%-0.5%19.3%4.5%4.5%
EPS$11.74$9.00$12.17$14.29$16.26$17.84
P/S ratio12.0x12.0x12.0x
Implied price$681.15$708.40$749.27

Catalysts & risks

Growth catalysts
+ California/Southwest US expansion (145+ new branches, targeting top-5 commercial bank status in US)
+ AI and digital transformation driving operational efficiency and revenue growth
+ Tokenized cash platform launch with CME and Google Cloud (March 2026)
+ Strong Q1 2026 results (record earnings, revenue beat, widespread business line growth)
+ Strategic wealth management and US business ROE targets (15%+ return goals)
Key risks
- Canadian economic softness and potential recession from tariff impacts (Bank of Canada rate cuts to 2% or lower)
- Rising credit card delinquencies and loan growth headwinds in North America
- Integration execution risk from branch expansion and strategic repositioning
- Interest rate sensitivity and potential NII compression if BoC cuts rates aggressively
- Regulatory and geopolitical uncertainties affecting cross-border banking operations

Methodology

Bank of Montreal's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 17 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.