LIVE
BMO
Bank of Montreal · Financials
$180.32
+7.14% this month
VERSUS
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COMPARE
TD
The Toronto-Dominion Bank · Financials
$122.21
+4.85% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
BMO
2
TD
2
Comparison scoreboard
MIXED SETUPAI Score
BMO ✓50.8
TD 47.8
1Y Return
BMO +61.75%
TD ✓+67.50%
Fwd P/E
BMO ✓11.07
TD 11.37
Target Up.
BMO -10.61%
TD ✓-7.75%
Op. Margin
BMO N/A
TD N/A
Metrics last refreshed: 7/14/2026
Quick take
BMO vs TD: Bank of Montreal vs TD Bank Stock Comparison: AI Score, Valuation, Performance and Upside
Bank of Montreal has expanded its US commercial banking through BMO Harris and Bank of the West, while TD Bank is facing a significant US regulatory challenge from AML violations with an asset cap imposed by US regulators. BMO is executing a straightforward US integration; TD is managing a regulatory remediation that limits near-term US growth.
BMO vs TD is US commercial banking integration versus US regulatory remediation — BMO wins if Bank of the West integration delivers earnings and the US commercial book performs; TD wins if AML remediation is completed, the asset cap is lifted, and TD's US East Coast franchise re-accelerates.
Live analysis · updated 7/14/2026
BMO and TD are closely matched — they split the tracked metrics evenly. TD has delivered stronger 1-year price return (+67.50% vs +61.75%), though BMO has the better forward P/E setup (11.07x vs 11.37x for TD). Analyst consensus implies similar upside for both: -10.61% for BMO and -7.75% for TD.
Normalized 1Y performance
BMO
TD
Recent returns
BMO
TD
Analyst price targets & sentiment
BMO · 3 analysts
STRONG BUYHOLDSTRONG SELL
Hold (2.7/5.0)
Price target range
analyst low$140.30
analyst high$178.35
analyst mean$161.18
current price$180.32
-10.6% upside to analyst mean
TD · 3 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.1/5.0)
Price target range
analyst low$96.70
analyst high$128.98
analyst mean$112.73
current price$122.21
-7.8% upside to analyst mean
Who should consider this stock?
BMO may suit investors who:
- →prefer a Canadian bank executing a straightforward US commercial banking acquisition integration
- →want Midwest US commercial banking exposure without ongoing regulatory remediation risk
- →value BMO's cleaner near-term operational story vs TD's complex AML resolution timeline
- →believe Bank of the West synergies will materialize and improve US profitability over 2-3 years
TD may suit investors who:
- →believe TD's AML remediation will complete and the US asset cap will be lifted, unlocking US franchise growth
- →value TD's large US East Coast retail banking network as a durable, long-duration asset
- →want exposure to the Schwab 13% stake as a valuable US brokerage investment alongside banking
- →are comfortable with near-term US growth constraints in exchange for a potentially larger re-rating when the cap is lifted
Performance & AI score
| Metric | BMO | TD |
|---|---|---|
| AI score | 50.8 | 47.8 |
| AI rank | #464 | #625 |
| Latest close | $180.32 | $122.21 |
| 1M return | +7.14% | +4.85% |
| 6M return | +35.73% | +31.74% |
| 1Y return | +61.75% | +67.50% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | BMO | TD |
|---|---|---|
| 1Y ago | $16.48K (+64.8%) started 2025-07-14 | $16.99K (+69.9%) started 2025-07-14 |
| 5Y ago | $26.94K (+169.4%) started 2021-07-14 | $27.28K (+172.8%) started 2021-07-14 |
| 10Y ago | $65.94K (+559.4%) started 2016-07-14 | $66.9K (+569.0%) started 2016-07-14 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | BMO | TD |
|---|---|---|
| Market cap | $126.3B | $201.9B |
| Trailing P/E | 19.66 | 20.37 |
| Forward P/E | 11.07 | 11.37 |
| Price/Sales | 3.64 | 3.41 |
| EV/Revenue | 0.06 | 1.48 |
| Analyst target | $161.18 | $112.73 |
| Target upside | -10.61% | -7.75% |
Growth, profitability & risk
| Metric | BMO | TD |
|---|---|---|
| Revenue growth | 15.80% | -31.50% |
| Earnings growth | 41.20% | -61.20% |
| EPS growth | +41.20% | -61.20% |
| FCF margin | N/A | N/A |
| Operating margin | N/A | N/A |
| Profit margin | 28.06% | 25.19% |
| ROIC proxy | 11.37% | 11.91% |
| Return on equity | 11.37% | 11.91% |
| Dividend yield | 2.77% | 2.69% |
| Beta | 1.15 | 0.88 |
| Debt/equity | N/A | N/A |
| Current ratio | N/A | N/A |
| Quick ratio | N/A | N/A |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
BMO max drawdown11.62%
TD max drawdown7.50%
BMO max wkly drop4.62%
TD max wkly drop3.58%
5Y risk snapshot
BMO max drawdown34.29%
TD max drawdown31.16%
BMO max wkly drop10.19%
TD max wkly drop10.38%
10Y risk snapshot
BMO max drawdown50.97%
TD max drawdown41.98%
BMO max wkly drop32.61%
TD max wkly drop25.36%
Performance metrics by period
| Period | Metric | BMO | TD |
|---|---|---|---|
| 1Y | Growth | +61.75% | +67.50% |
| CAGR | +61.81% | +67.55% | |
| Sharpe ratio | 2.37 | 2.86 | |
| Max drawdown | 11.62% | 7.50% | |
| Max daily drop | 3.71% | 4.32% | |
| Max wkly drop | 4.62% | 3.58% | |
| 5Y | Growth | +117.11% | +119.66% |
| CAGR | +16.77% | +17.05% | |
| Sharpe ratio | 0.63 | 0.67 | |
| Max drawdown | 34.29% | 31.16% | |
| Max daily drop | 9.50% | 6.71% | |
| Max wkly drop | 10.19% | 10.38% | |
| 10Y | Growth | +307.75% | +313.93% |
| CAGR | +15.09% | +15.27% | |
| Sharpe ratio | 0.53 | 0.56 | |
| Max drawdown | 50.97% | 41.98% | |
| Max daily drop | 16.12% | 13.92% | |
| Max wkly drop | 32.61% | 25.36% |
Business comparison
| Category | BMO | TD |
|---|---|---|
| Company | Bank of Montreal | The Toronto-Dominion Bank |
| Sector | Financials | Financials |
| Industry | N/A | N/A |
| Core business | Canadian bank with BMO Harris US commercial banking, BMO Capital Markets, and Canadian personal and commercial banking. BMO acquired Bank of the West from BNP Paribas in 2023 to expand its US presence. | Canada's second-largest bank with the largest US retail banking presence of any Canadian bank through TD Bank US (approximately 1,100 US branches from Maine to Florida). TD also owns 13% of Schwab. TD settled with US regulators in 2024 for $3B over BSA/AML failures. |
| Investor focus | Bank of the West integration progress, US commercial banking profitability, credit quality normalization, and Canadian mortgage performance. | AML remediation and US regulatory consent order timeline, US franchise recovery, Canadian personal banking, and Schwab equity stake value. |
BMO strengths
- →US expansion through BMO Harris and Bank of the West creates one of the larger Canadian bank US franchises
- →BMO Capital Markets provides investment banking and trading revenue alongside Canadian and US commercial banking
- →Midwest US commercial banking focus is in a more stable regional economy vs coastal CRE concentration
TD strengths
- →TD's US retail banking franchise (Maine to Florida East Coast) is the largest US banking presence of any Canadian bank
- →TD's 13% stake in Charles Schwab provides valuable exposure to the US brokerage market
- →Strong Canadian retail banking franchise with large personal and commercial market share
Risks to watch — BMO
- →Bank of the West integration cost and timeline risk
- →US commercial real estate credit quality exposure
- →Canadian mortgage portfolio is exposed to housing market stress as mortgage renewals hit higher rates
Risks to watch — TD
- →TD paid $3B in 2024 AML penalties and faces a US regulatory asset cap — the most significant overhang on the stock
- →US asset cap limits TD's ability to grow its US balance sheet until regulators lift the cap
- →AML remediation requires significant compliance investment and management attention for multiple years
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