Bank of Montreal Stock: Analysts Stick With “Hold” as Shares Swing—What Investors Are Watching Next
BMO’s U.S.-listed shares dropped 3.3% on December 24 amid low trading volume, while analysts maintained a consensus “Hold” rating and raised average price targets to $163 (U.S.) and C$182.75 (Canada). The bank beat earnings estimates and increased its quarterly dividend to $1.67 per share. Market sentiment remains cautious due to concerns over rates and credit quality.