Bank Of Montreal's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Bank Of Montreal (BMO) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Bank Of Montreal vs Its Competitors
- TTM: Trailing 12-month revenue of 27,786M vs 39,780M combined for tracked competitors (41.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+34.5% annualized vs trailing 12 months), vs decelerating (-2.6%) for its tracked peer group.
- Growth: Bank Of Montreal generated 4.3% revenue growth year over year in Q4 2025, vs 9.7% for its tracked competitors combined.
- Profitability: Its 24.6% net margin compares with 36.0% for the peer group.
- Scale: Bank Of Montreal ranks #8 of 33 companies by market capitalization in the Money Center Banks industry, holding 5.6% of industry market cap.
- Peer revenue share: Bank Of Montreal accounted for 49.1% of combined revenue among its tracked peer group, down from 50.3% a year earlier.
- Peer differentiation: Revenue per employee of $0.62M compares with $1.14M for the peer group (0.5x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
BMO Sales vs. its Competitors, Q4 2025
Bank Of Montreal reported revenue growth of 4.29 % year on year in Q4 2025, below its competitors' combined revenue growth of 9.65 %.
With a net margin of 24.57 %, Bank Of Montreal reported lower profitability than its competitors (36.00 %).
Bank Of Montreal generated 49.09 % of the combined sales of its peer group, down from 50.34 % a year earlier.
Bank Of Montreal vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Bank Of Montreal and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Bank Of Montreal | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Bank Of Montreal's competitor groups requires a Commercial License.
For context: the Money Center Banks industry grew revenue -2.5% year over year, combined, vs 4.3% for Bank Of Montreal. Bank Of Montreal's share of combined industry revenue moved from 0.93% to 0.99%, a gain of 0.06 percentage points.
Bank Of Montreal's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Bank Of Montreal | Yes | Yes | No | No |
| Competitors combined (18) | ||||
| Similar-Size Competitors (8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BMO Stock Performance relative to its Competitors
BMO Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Amalgamated Financial Corp | 282.9% | Outperformed |
| 2 | Discover Financial Services | 282.9% | Outperformed |
| 3 | Blue Foundry Bancorp | 282.9% | Outperformed |
| 4 | Sierra Bancorp | 282.9% | Outperformed |
| 5 | Fvcbankcorp Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Bank Of Montreal's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Bank Of Montreal
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Bank Of Montreal | 123,787.15 | 27,785.88 |
| Discover Financial Services | 50,412.60 | 13,343.00 |
| Affirm Holdings Inc | 23,445.98 | 4,261.08 |
| Federal Home Loan Mortgage Corporation | 12,936.00 | 23,534.00 |
| First Horizon Corp | 11,133.59 | 3,516.00 |
| Evercore Inc | 10,761.48 | 4,741.99 |
| SUBTOTAL | 246,452.98 | 84,686.86 |
Sign in to see all competitors of Bank Of Montreal.
Sources: Bank Of Montreal's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Bank Of Montreal versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Bank Of Montreal's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Blue Foundry Bancorp | Named by the company | 85% |
| Evercore Inc | Named by the company | 85% |
| Oak Valley Bancorp | Named by the company | 85% |
| Argo Group International Holdings Inc | Named by the company | 85% |
| Citizens Community Bancorp Inc | Named by the company | 85% |
| Federal Home Loan Mortgage Corporation | Named by the company | 85% |
| S and t Bancorp Inc | Named by the company | 85% |
| Affirm Holdings Inc | Named by the company | 85% |
| Sierra Bancorp | Named by the company | 85% |
| First Financial Northwest Inc | Named by the company | 85% |
| Perella Weinberg Partners | Named by the company | 85% |
| Bankunited inc | Named by the company | 85% |
| Discover Financial Services | Named by the company | 85% |
| Fvcbankcorp Inc | Named by the company | 85% |
| Waterstone Financial Inc | Named by the company | 85% |
| Amalgamated Financial Corp | Named by the company | 85% |
| Codorus Valley Bancorp Inc | Named by the company | 85% |
| First Horizon Corp | Named by the company | 85% |
| Seacoast Banking Corporation Of Florida | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Bank Of Montreal's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Bank Of Montreal's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Evercore Inc | Investment Banking and Equities 97.29 % |
| Argo Group International Holdings Inc | Casualty Lines 57.12 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Bank Of Montreal's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Bank Of Montreal | 123,787 | 617,464 | 148,519 |
| Discover Financial Services | 50,413 | 632,370 | 222,844 |
| Affirm Holdings Inc | 23,446 | 1,807,075 | 818,402 |
| Federal Home Loan Mortgage Corporation | 12,936 | 3,199,728 | 1,760,163 |
| First Horizon Corp | 11,134 | 475,135 | 144,730 |
| Evercore Inc | 10,761 | 1,845,132 | 314,863 |
| PEERS TOTAL | 122,666 | 1,141,902 | 451,234 |
Bank Of Montreal's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Perella Weinberg Partners | United States 82.75 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Bank Of Montreal's Position in Industry Market Structure
Market-capitalization share and concentration across all 31 companies in Bank Of Montreal's industry classification, broader than the peer set above. Market cap in millions of $.Bank Of Montreal ranks #8 of 31 companies by market capitalization in its industry, holding 5.58 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 838, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Royal Bank Of Canada | 283,874 | 12.95 % |
| 2 | Mitsubishi Ufj Financial Group Inc | 274,417 | 12.52 % |
| 3 | Santander Uk Group Holdings Plc | 256,720 | 11.71 % |
| 4 | Toronto dominion Bank | 203,158 | 9.27 % |
| 5 | Ubs Ag | 1,234 | 5.2% |
| 6 | Natwest Group Plc | 1,234 | 5.2% |
| 7 | Ing Groep Nv | 1,234 | 5.2% |
| 8 | Bank Of Montreal | 122,369 | 5.58 % |
| 9 | Barclays Plc | 1,234 | 5.2% |
| 10 | Grupo Aval Acciones Y Valores S a | 1,234 | 5.2% |
Market cap and industry share for the rest of Bank Of Montreal's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Bank Of Montreal's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 3 | Santander Uk Group Holdings Plc | 256,720 | 39.19 % |
| 4 | Toronto dominion Bank | 203,158 | 52.96 % |
| 5 | Ubs Ag | 170,162 | 21.42 % |
| 6 | Natwest Group Plc | 150,209 | 35.72 % |
| 7 | Ing Groep Nv | 1,234 | 12.3% |
| 8 | Bank Of Montreal | 122,369 | 33.17 % |
| 9 | Barclays Plc | 1,234 | 12.3% |
| 10 | Grupo Aval Acciones Y Valores S a | 1,234 | 12.3% |
| 11 | Hdfc Bank Limited | 1,234 | 12.3% |
| 12 | Canadian Imperial Bank Of Commerce | 1,234 | 12.3% |
| 13 | Kb Financial Group Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Bank Of Montreal's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Bank Of Montreal's Valuation vs Competitive Position
Valuation multiples vs the Money Center Banks industry average (8 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 10.2x | 19.5x | -9.3x |
| EV / EBITDA | 0.8x | 12.7x | -11.9x |
| P/B | 1.3x | 1.5x | -0.3x |
| Return on Equity | 9.90 % | industry aggregate | -3.12 % |
| Return on Invested Capital | 0.57 % | 2.15 % (avg) | -1.58 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Bank Of Montreal's BCG Growth-Share Matrix
Relative market share (vs Bank Of Montreal's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Bank Of Montreal falls in the Question Mark quadrant: relative market share of 0.43x vs its largest competitor, in an industry growing revenue 13.8% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Bank Of Montreal's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 838 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Bank Of Montreal's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Bank Of Montreal's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Bank Of Montreal's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Bank Of Montreal falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Bank Of Montreal's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+34.5% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.43x).
Opportunities
- Industry revenue growing at a healthy 13.8% median pace.
- A meaningful share of tracked competitors (31.30 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-2.6% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Bank Of Montreal's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Bank Of Montreal | 1,134.18 | 13,402.64 | - |
| Discover Financial Services | 0.13 | 1.36 | 0.04 |
| Affirm Holdings Inc | 6.45 | 43.06 | 1.88 |
| Federal Home Loan Mortgage Corporation | 0.04 | 111.77 | 13.68 |
| First Horizon Corp | 0.03 | 0.04 | 0.54 |
| Evercore Inc | 0.94 | 2.54 | 0.26 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Bank Of Montreal's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Bank Of Montreal | Q3 2025 | +10.6 % | +19.1 % |
| Discover Financial Services | Q1 2025 | +12.9 % | +25.6 % |
| Affirm Holdings Inc | Q2 2026 | +33.0 % | +2,234.7 % |
| Federal Home Loan Mortgage Corporation | Q2 2026 | -10.6 % | +60.8 % |
| First Horizon Corp | Q2 2026 | +10.9 % | +11.8 % |
| Evercore Inc | Q2 2026 | +19.1 % | -0.4 % |
| PEERS TOTAL | +12.3 % | +45.8 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Bank Of Montreal's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Bank Of Montreal | Q3 2025 | - | - |
| Discover Financial Services | Q1 2025 | -16.9 % | -9.9 % |
| Affirm Holdings Inc | Q2 2026 | +42.5 % | +30.8 % |
| Federal Home Loan Mortgage Corporation | Q2 2026 | - | - |
| First Horizon Corp | Q2 2026 | - | +111.1 % |
| Evercore Inc | Q2 2026 | +97.1 % | -58.8 % |
Bank Of Montreal's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Bank Of Montreal | 0.59% | 0.45% | 9.90% |
| Discover Financial Services | 3.14% | 3.18% | 26.87% |
| Affirm Holdings Inc | 14.97% | 14.78% | 49.37% |
| Federal Home Loan Mortgage Corporation | 0.37% | 0.37% | 17.88% |
| First Horizon Corp | 1.28% | 3.58% | 11.48% |
| Evercore Inc | 17.22% | 21.62% | 37.32% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Bank Of Montreal's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Bank Of Montreal | 23.49 | 4.46 |
| Discover Financial Services | 10.69 | 3.78 |
| Affirm Holdings Inc | 12.15 | 5.50 |
| Federal Home Loan Mortgage Corporation | - | 0.55 |
| First Horizon Corp | 11.20 | 3.17 |
| Evercore Inc | 14.72 | 2.27 |
| PEERS AVERAGE | 8.45 | 2.91 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.