Bank of Montreal

BMO: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Bank of Montreal: We Expect Peak Credit Costs in 2025; US Segment Is Key to Total Bank Return

Maoyuan Chen

Apr 1, 2025

After taking a fresh look at Bank of Montreal, we are slightly increasing our fair value estimates to CAD 146 and USD 102 from CAD 145 and USD 102. We also maintain our narrow moat and Standard Morningstar capital allocation ratings. We view shares as fairly valued.

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Bank of Montreal

Bank of Montreal: We Expect Peak Credit Costs in 2025; US Segment Is Key to Total Bank Return

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