Insider buying: $1,505,858,165 bought by 12 insiders (30d)
Factor divergence:
DIVERGENCE: insider_activity, price_momentum, analyst_revisions bullish vs options_sentiment bearish
Est. revisions:
+0.6%
(11 up, 1 down in 30d)
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model (net +1.9)
Factor Model
net +1.9 5.3 / 10
Est. Revisions
+0.0
Insider Activity
+0.5
Momentum
+0.5
Analyst Rev.
+0.9
Narrative Gap
+0.0
Truck credit cleanup signals end to BMO's worst headwinds
Watch: Watch Q2 results for confirmation—whether impairments stabilize and loan formations accelerate as trucking activity normalizes. If they reverse, it signals the cycle hasn't turned and BMO faces more pain ahead.
BMO's transportation lending metrics improved in Q1 2026—the first real sign the trucking credit cycle may be bottoming. Gross impaired loans fell to CA$563 million from CA$585 million sequentially, provisions dropped to $39 million from $57 million, and net writeoffs declined to $24 million from $43 million. The transportation loan book itself contracted to CA$12.42 billion from CA$12.98 billion, reflecting ongoing portfolio shrinkage from the 2024 downturn, but loan formations ticked up to $65 million from $54 million year-ago, suggesting lenders are beginning to re-enter the market.
This marks a tactical inflection in a segment that's been a drag on BMO's credit metrics since late 2023. Falling impairments and provisions free up capital and reduce earnings drag going forward—if the improvement sticks. The risk: loan formations remain well below historical levels ($65M vs. $131M in Q4 2025), so any true recovery is still early stage and fragile to macro shocks.
Evidence
3d ago
Insider buy by Bank Of Montreal (BMO): $2,267,835
3d ago
Insider buy by Bank Of Montreal (BMO): $3,814,375
3d ago
Insider buy by Bank Of Montreal (BMO): $3,831,525
3d ago
Insider buy by Bank Of Montreal (BMO): $3,810,625
3d ago
Insider buy by Bank Of Montreal (BMO): $4,472,730
3d ago
Insider buy by Bank Of Montreal (BMO): $4,475,940
3d ago
Insider buy by Bank Of Montreal (BMO): $4,424,220
3d ago
Insider buy by Bank Of Montreal (BMO): $4,347,390
7 older signals
3d ago
Insider buy by Bank Of Montreal (BMO): $4,318,320
3d ago
Insider buy by Bank Of Montreal (BMO): $4,259,400
3d ago
Insider buy by Bank Of Montreal (BMO): $4,230,600
3d ago
Insider buy by Bank Of Montreal (BMO): $6,872,600
3d ago
Insider buy by Bank Of Montreal (BMO): $6,866,600
3d ago
Insider buy by Bank Of Montreal (BMO): $6,786,800
3d ago
Insider buy by Bank Of Montreal (BMO): $6,855,600
Fundamentals & Data ▾
Bank of Montreal
Financial Services · Banks - Diversified
Mkt Cap
$109B
P/E
17.6 fwd 13.1
Beta
1.17
Div Yield
323.00%
52w Range
$97.88 - $155.67
Short Interest
4.2M
Days to Cover
6.8 +8%
Technicals
mixed
vs 20d MA
+1.3%
from 52w Hi
-1.2%
Vol (20d)
20%
1w return
+2.1%
1m return
+6.1%
Vol ratio
1.2x
Insiders
buying
16B / 0S
EPS Estimate
$3.43
+0.6% 30d
11up / 1dn
Est. Dispersion
6%
12 analysts
Analyst Target
$142
$127 - $156
Options P/C
1.39
Insider Cluster
buy cluster
2B / 0S
Financials
Revenue
$9.8B +6% YoY
FCF
$1.4B
Momentum:
accelerating
Recent Filings & Data
insider trade
121
net buying
· $1,505,858,165 bought
12 insiders · 121 transactions (30d)
Recent transactions
Bank Of Montreal · other
Bank Of Montreal · buy · $34,162,641
Bank Of Montreal · other
Bank Of Montreal · buy · $48,751,850
Bank Of Montreal · buy · $48,301,750
Bank Of Montreal · buy · $48,814,150
Bank Of Montreal · buy · $49,916,650
Bank Of Montreal · buy · $50,132,250
Bank Of Montreal · buy · $49,196,700
Bank Of Montreal · buy · $49,851,900
Bank Of Montreal · other
Bank Of Montreal · buy · $35,952,250
Bank Of Montreal · buy · $36,411,750
Bank Of Montreal · other
Bank Of Montreal · buy · $40,783,500
Tannenbaum (Alan) · exercise · $973,853
Tannenbaum (Alan) · other · $1,398,976
Bank Of Montreal · buy · $36,085,750
Brown (Tammy Lynne) · other · $49,439
Hackett (Darrel H) · exercise · $693,721
Hackett (Darrel H) · other · $1,373,867
Hackett (Darrel H) · exercise · $1,214,669
Hackett (Darrel H) · other · $2,690,212
Haward Laird,Sharon Marie · exercise · $258,121
Haward Laird,Sharon Marie · other · $522,693
Kamanga (Deland) · exercise · $1,218,743
Kamanga (Deland) · other · $2,362,173
Bank Of Montreal · other
Bank Of Montreal · other
Bank Of Montreal · buy · $13,430,288
Bank Of Montreal · buy · $14,212,900
Bank Of Montreal · other
Bank Of Montreal · other
Bank Of Montreal · buy · $7,184,938
Bank Of Montreal · other
Bank Of Montreal · buy · $7,385,525
Bank Of Montreal · buy · $21,228,750
Bank Of Montreal · buy · $21,031,950
Bank Of Montreal · other
Bank Of Montreal · buy · $21,202,800
Bank Of Montreal · buy · $14,793,478
Bank Of Montreal · other
Bank Of Montreal · buy · $17,515,537
Bank Of Montreal · buy · $21,185,100
Bank Of Montreal · buy · $20,941,500
Bank Of Montreal · buy · $21,155,400
Bank Of Montreal · buy · $21,073,050
Bank Of Montreal · other
Bank Of Montreal · buy · $27,651,600
Bank Of Montreal · other
Bank Of Montreal · buy · $10,308,150
Bank Of Montreal · buy · $10,333,950
Bank Of Montreal · buy · $13,539,200
Bank Of Montreal · buy · $13,501,900
Bank Of Montreal · buy · $13,619,200
Bank Of Montreal · buy · $10,234,725
Bank Of Montreal · buy · $13,420,100
Bank Of Montreal · buy · $13,241,700
Bank Of Montreal · buy · $13,238,700
Bank Of Montreal · buy · $13,338,500
Bank Of Montreal · buy · $13,296,000
Bank Of Montreal · buy · $10,017,150
Bank Of Montreal · buy · $13,243,300
Bank Of Montreal · buy · $13,380,400
Bank Of Montreal · buy · $13,389,600
Claxton (Hazel Cynthia) · other · $43,600
Bank Of Montreal · buy · $13,089,800
Dufaux (Caroline) · other
Hackett (Darrel H) · buy · $14,734
Hackett (Darrel H) · buy · $6,136
Haward Laird,Sharon Marie · buy · $9,582
Kamanga (Deland) · buy · $8,454
Malone (Mona Elizabeth) · buy · $2,138
McManus (Brian) · buy · $35,670
Tannenbaum (Alan) · buy · $909
Tennyson, Steven Lloyd · buy · $6,151
White (William Darryl) · buy · $2,849
Bank Of Montreal · other
Bank Of Montreal · buy · $23,129,750
Tannenbaum (Alan) · exercise · $1,017,134
Tannenbaum (Alan) · other · $1,514,369
Bank Of Montreal · buy · $23,129,050
Bank Of Montreal · buy · $23,035,775
Bank Of Montreal · buy · $22,496,075
Bank Of Montreal · buy · $22,242,150
Bank Of Montreal · buy · $22,245,125
Bank Of Montreal · buy · $22,613,500
Bank Of Montreal · buy · $25,071,600
Brown (Tammy Lynne) · other
Bank Of Montreal · buy · $22,144,150
Bank Of Montreal · other
Bank Of Montreal · buy · $22,012,550
Bank Of Montreal · buy · $28,066,500
Bank Of Montreal · other
Bank Of Montreal · buy · $15,232,375
Bank Of Montreal · buy · $27,646,650
Bank Of Montreal · buy · $27,740,250
Bank Of Montreal · buy · $28,100,925
Bank Of Montreal · buy · $22,078,000
Bank Of Montreal · buy · $21,954,275
Bank Of Montreal · buy · $28,036,575
Bank Of Montreal · buy · $27,615,375
Bank Of Montreal · other
Bank Of Montreal · buy · $2,267,835
Bank Of Montreal · other
Bank Of Montreal · buy · $3,814,375
Bank Of Montreal · buy · $3,831,525
Bank Of Montreal · buy · $3,810,625
Bank Of Montreal · other
Bank Of Montreal · buy · $4,472,730
Bank Of Montreal · buy · $4,475,940
Bank Of Montreal · buy · $4,424,220
Bank Of Montreal · buy · $4,347,390
Bank Of Montreal · buy · $4,318,320
Bank Of Montreal · buy · $4,259,400
Bank Of Montreal · buy · $4,230,600
Bank Of Montreal · other
Bank Of Montreal · buy · $6,872,600
Bank Of Montreal · buy · $6,866,600
Bank Of Montreal · buy · $6,786,800
Bank Of Montreal · buy · $6,855,600
15 signals · latest 3d ago
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