BMO stock gains 1.38 percent as earnings growth reaches 22 percent

Published on 10/06/2026 at 17:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BMO stock's adjusted third-quarter net income rose 19 percent to CAD 2.9 billion, while adjusted ROE reached 14 percent. Normalized EPS came in at CAD 3.96.

BMO, CA0636711016, Illustration mit AI erstellt.

Bank of Montreal stock (ISIN CA0636711016) was trading at USD 166.72 on the NYSE on October 6, 2026 at 11:52 a.m. ET, up 1.38 percent from USD 164.45. The latest fiscal-quarter figures show normalized EPS of CAD 3.96 for Q3 2026, above the CAD 3.76 consensus estimate reported by Yahoo Finance.

Adjusted earnings keep rising

In fiscal Q3 2026, ended July 31, adjusted net income rose 19 percent year over year to CAD 2.9 billion, while adjusted return on equity improved to 14 percent from 12 percent, according to The Globe and Mail.

The same quarter produced reported net income of CAD 1.8 billion, down 25 percent year over year, after a CAD 962 million after-tax charge connected with the sale of Transportation Finance and Vendor Finance businesses. Adjusted results therefore provide the cleaner comparison for operating performance.

Payments expansion adds a new angle

On October 1, 2026, BMO and Mastercard announced embedded commercial payments for eligible corporate-card clients in Canada and the United States. The capability lets clients initiate and manage virtual-card payments inside enterprise resource planning, procurement, accounts-payable and travel-management software, according to BMO.

The release describes BMO as the first Mastercard issuer in Canada to offer this embedded virtual-card experience through participating platform integrations. The commercial-payments move gives the bank an additional operating link to corporate software workflows, while the earnings comparison keeps credit provisions and one-time charges central to the near-term reading of results.

Consensus stays close to the stock

MarketBeat reported an overall Hold consensus based on five Buy ratings, six Hold ratings and one Sell rating, with an average target of USD 163.00. That target lies 2.2 percent below the October 6 price of USD 166.72, according to MarketBeat.

Stock remains below its yearly high

BMO's October 6 market capitalization was USD 116.8 billion, with 74,926 shares traded at the quoted time. The 52-week range was USD 119.84 to USD 187.22, leaving the intraday price USD 20.50 below the high.