Bank of Montreal

BMO: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Bank of Montreal Earnings: US Segment Still Has More Balance Sheet Optimization in Fiscal 2026

Maoyuan Chen

Dec 4, 2025

Narrow-moat Bank of Montreal reported OK results in the fourth quarter, with adjusted EPS of CAD 3.28, up 1.5% sequentially. Fiscal 2025 adjusted return on equity came in at 11.3%, which it improved by 150 basis points above its fiscal 2024 level, but it is still below its 15% medium-term target.

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Bank of Montreal

Bank of Montreal Earnings: US Segment Still Has More Balance Sheet Optimization in Fiscal 2026

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