BMO stock reports stronger adjusted earnings after Q3 results

Published on 10/05/2026 at 17:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BMO stock posted adjusted EPS of CAD 3.96 in Q3 2026, up 22 percent year over year. Adjusted net income reached CAD 2.859 billion, while analysts held a USD 163 average target on September 26, 2026.

BMO, CA0636711016, Illustration mit AI erstellt.

BMO stock (ISIN CA0636711016) closed at CAD 236.25 on the Toronto Stock Exchange on October 2, 2026, down 0.16 percent from the previous session. The bank's latest quarter delivered adjusted EPS of CAD 3.96, up 22 percent year over year, according to The Globe and Mail on August 25, 2026.

Adjusted profit sets the tone

The Q3 2026 result showed adjusted net income of CAD 2.859 billion, a 19 percent increase from CAD 2.399 billion in the prior year. Adjusted revenue rose 11 percent to CAD 9.896 billion, while adjusted return on equity reached 14.0 percent, 200 basis points higher than a year earlier, according to The Globe and Mail.

The improvement was broad across the group. Capital Markets net income increased 45 percent year over year to CAD 610 million, while Wealth Management net income rose 22 percent to CAD 434 million. The figures give the earnings beat more depth than the headline EPS number alone.

Credit quality and returns improve

Total provisions for credit losses declined to CAD 722 million from CAD 797 million in the prior year. BMO also reported a 13.0 percent common equity Tier 1 ratio and said it remains on track for a 15 percent return on equity target when fiscal 2027 ends, according to Yahoo Finance on September 22, 2026.

The counterweight is valuation and investor disagreement. MarketBeat reported on September 26, 2026, that 12 research firms rated the stock Hold overall, with five Buy ratings, six Hold ratings and one Sell rating. The average 12-month target was USD 163, below the USD 172.44 reference price cited in that report, so the consensus uses a different listing currency from the Toronto quote.

Stock remains below its yearly high

The Toronto-listed shares stood 8.87 percent below their 52-week high of CAD 259.20 and 39.87 percent above the 52-week low of CAD 168.92 on October 2, 2026. That positioning leaves the stock closer to its annual peak than its annual floor, while the latest quarterly figures provide the operating benchmark for the valuation debate.

BMO also declared a CAD 1.71 quarterly dividend, with October 30, 2026 named as the ex-dividend date by MarketBeat on October 2, 2026.

BMO stock closes at CAD 236.25

BMO stock closed at CAD 236.25 on the Toronto Stock Exchange on October 2, 2026, with a daily change of minus 0.16 percent and a session range of CAD 235.00 to CAD 238.11. Global Banking and Finance Review identifies Bank of Montreal as BMO on the Toronto Stock Exchange and assigns ISIN CA0636711016 to the listing.