Bank Of Montreal (BMO) vs Royal Bank Of Canada (RY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Royal Bank Of Canada (RY) has outperformed Bank Of Montreal (BMO) over the past year, gaining 31.4% versus a gain of 26.4%. Over five years, RY leads with a +80.6% price change compared with +49.9% for BMO. Royal Bank Of Canada is the larger company by market cap ($263.82 billion vs $111.70 billion), about 2.4 times the size.
On valuation, Bank Of Montreal trades at a lower forward P/E (13.9x vs 15.2x for Royal Bank Of Canada). Bank Of Montreal offers the higher dividend yield (4.16% vs 3.45%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BMO | RY |
|---|---|---|
| Share price | $160.70 | $190.56 |
| Market cap | $111.70B | $263.82B |
| 1-day change | -0.65% | -0.35% |
| YTD return | +23.82% | +11.77% |
| 1-year return | +26.45% | +31.38% |
| 5-year return | +49.89% | +80.64% |
| P/E ratio (TTM) | 18.16 | 16.66 |
| Forward P/E | 13.87 | 15.20 |
| EPS (TTM) | $8.85 | $11.44 |
| Dividend yield | 4.16% | 3.45% |
| Annual dividend | $6.68 | $6.58 |
| 52-week high | $187.22 | $218.57 |
| 52-week low | $119.84 | $143.13 |
| Distance from 52-week high | -14.17% | -12.82% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +3.22% | +8.81% |
| Average volume | 761.66K | 1.24M |
| Shares outstanding | 695.09M | 1.38B |
| Employees | 53,234 | 101,269 |
| Sector | Financial Services | Finance |
| Industry | Banks - Diversified | Commercial Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Royal Bank Of Canada is about 2.4 times larger than Bank Of Montreal by market value ($263.82B vs $111.70B).
- The two companies sit in different sectors: Bank Of Montreal in Financial Services and Royal Bank Of Canada in Finance.
About Bank Of Montreal
BMO stock →Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian Personal and Commercial Banking; U.S.
Financial Services · Banks - Diversified · 53,234 employees
About Royal Bank Of Canada
RY stock →Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions.
Finance · Commercial Banks · 101,269 employees
BMO vs RY FAQ
Which is bigger, Bank Of Montreal or Royal Bank Of Canada?
Royal Bank Of Canada (RY) is larger, with a market capitalization of $263.82B compared with $111.70B for Bank Of Montreal (BMO).
Which stock has performed better over the past year, BMO or RY?
RY returned +31.38% over the past 12 months, compared with +26.45% for BMO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BMO or RY?
RY has the lower trailing P/E at 16.7, versus 18.2 for BMO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Bank Of Montreal or Royal Bank Of Canada?
Bank Of Montreal has the higher yield at 4.16%, compared with 3.45% for Royal Bank Of Canada.
Are Bank Of Montreal and Royal Bank Of Canada in the same industry?
No. Bank Of Montreal is in the Financial Services sector, while Royal Bank Of Canada is in Finance.