Public market insider selling at Bank of Montreal (BMO)

Bank of Montreal issued €750 million in floating rate covered bonds due 2029 under its $50B Global Registered Covered Bond Program. The bonds, guaranteed by BMO Covered Bond Guarantor, are set for trading under UK regulations. This move highlights BMO's strategy to access European funding markets and diversify its funding sources.

BMO Financial Group has completed the sale of 138 U.S. branches to First Citizens Bank. The transaction was announced on September 4, 2026. BMO trades on the TSX and NYSE under the ticker BMO.

Bank of Montreal (BMO) received approval to repurchase up to 25 million shares, about 3.6% of its total shares, from September 2026 to September 2027. The company offers a 2.86% dividend yield with a 46% payout ratio and a 3-year dividend growth rate of 5.8%. BMO's GF Score is 72/100, with strengths in growth and momentum but weaknesses in financial strength. The stock's P/E ratio is 19.55x, near a 2-year high, and it is trading at a 39.6% premium to its GF Value. Four gurus hold the stock, with

Bank of Montreal (BMO) received approvals from the TSX and OSFI to repurchase up to 25 million common shares, starting September 8, 2026. This represents 3.6% of its public float. The bank aims to manage its capital position with this normal course issuer bid, with purchases depending on market conditions and capital adequacy. BMO has already repurchased 23.6 million shares under a previous bid at an average price of $197.76 per share.

BMO reported Q3 2026 earnings with adjusted net income of $2.86B, up 19% YoY. EPS rose 22% to $3.96, and ROE improved to 14.0%. Revenue grew 11% to $9.896B. The bank announced divestitures and share repurchases, while highlighting growth in U.S. banking and wealth management. Management noted risks from trade policy and Canadian labor markets.

Canada’s Big 6 banks all beat Q3 earnings estimates, with EPS surprises ranging from +5.9% to +13.1%. Despite the beats, three banks saw stock declines, while Scotiabank surged. Analysts have raised EPS estimates, and tailwinds include stabilizing margins and strong capital markets. Forward growth estimates range from +7.7% to +12.4%.