BMO.TO vs. LB.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Bank of Montreal (BMO.TO) and Laurentian Bank of Canada (LB.TO).

Performance

BMO.TO vs. LB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Bank of Montreal (BMO.TO) and Laurentian Bank of Canada (LB.TO). The values are adjusted to include any dividend payments, if applicable.

BMO.TO vs. LB.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMO.TO Bank of Montreal	7.78%	33.33%	11.74%	12.19%	-5.39%	46.90%	2.39%	17.51%	-7.94%	7.99%
LB.TO Laurentian Bank of Canada	0.45%	48.25%	11.70%	-9.82%	-15.45%	33.94%	-25.22%	23.86%	-28.54%	2.23%

Fundamentals

Market Cap BMO.TO : CA$135.24B LB.TO : CA$1.79B
EPS BMO.TO : CA$12.62 LB.TO : CA$1.82
PE Ratio BMO.TO : 15.09 LB.TO : 22.00
PEG Ratio BMO.TO : 0.69 LB.TO : 0.32
PS Ratio BMO.TO : 1.78 LB.TO : 0.82
PB Ratio BMO.TO : 1.61 LB.TO : 0.69
Total Revenue (TTM) BMO.TO : CA$77.01B LB.TO : CA$2.17B
Gross Profit (TTM) BMO.TO : CA$33.31B LB.TO : CA$778.78M
EBITDA (TTM) BMO.TO : CA$13.89B LB.TO : CA$132.48M

Returns By Period

In the year-to-date period, BMO.TO achieves a 7.78% return, which is significantly higher than LB.TO's 0.45% return. Over the past 10 years, BMO.TO has outperformed LB.TO with an annualized return of 14.26%, while LB.TO has yielded a comparatively lower 3.75% annualized return.

BMO.TO

• 1D: 1.07%
• 1M: -4.25%
• YTD: 7.78%
• 6M: 6.65%
• 1Y: 43.69%
• 3Y*: 22.01%
• 5Y*: 16.23%
• 10Y*: 14.26%

LB.TO

• 1D: -1.19%
• 1M: -0.69%
• YTD: 0.45%
• 6M: 23.80%
• 1Y: 55.29%
• 3Y*: 14.51%
• 5Y*: 5.56%
• 10Y*: 3.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BMO.TO vs. LB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMO.TO

BMO.TO Risk / Return Rank: 91
BMO.TO Sharpe Ratio Rank: 92
BMO.TO Sortino Ratio Rank: 90
BMO.TO Omega Ratio Rank: 91
BMO.TO Calmar Ratio Rank: 90
BMO.TO Martin Ratio Rank: 92

LB.TO

LB.TO Risk / Return Rank: 97
LB.TO Sharpe Ratio Rank: 93
LB.TO Sortino Ratio Rank: 99
LB.TO Omega Ratio Rank: 99
LB.TO Calmar Ratio Rank: 98
LB.TO Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMO.TO vs. LB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO.TO) and Laurentian Bank of Canada (LB.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BMO.TO	LB.TO	Difference
Sharpe ratio Return per unit of total volatility	2.29	2.37	-0.08
Sortino ratio Return per unit of downside risk	2.90	5.54	-2.64
Omega ratio Gain probability vs. loss probability	1.42	1.85	-0.43
Calmar ratio Return relative to maximum drawdown	4.05	9.33	-5.27
Martin ratio Return relative to average drawdown	13.03	39.18	-26.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BMO.TO vs. LB.TO - Sharpe Ratio Comparison

The current BMO.TO Sharpe Ratio is 2.29, which is comparable to the LB.TO Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of BMO.TO and LB.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BMO.TO	LB.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.37	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.21	+0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.14	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.28	+0.29

Correlation

The correlation between BMO.TO and LB.TO is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BMO.TO vs. LB.TO - Dividend Comparison

BMO.TO's dividend yield for the trailing twelve months is around 3.42%, less than LB.TO's 3.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BMO.TO Bank of Montreal	3.42%	3.61%	4.39%	4.42%	5.32%	3.74%	5.20%	4.03%	4.24%	3.54%	3.84%	4.15%
LB.TO Laurentian Bank of Canada	3.52%	4.67%	6.84%	5.02%	5.57%	4.08%	5.99%	5.94%	6.72%	4.39%	4.14%	5.57%

Drawdowns

BMO.TO vs. LB.TO - Drawdown Comparison

The maximum BMO.TO drawdown since its inception was -62.39%, which is greater than LB.TO's maximum drawdown of -56.22%. Use the drawdown chart below to compare losses from any high point for BMO.TO and LB.TO.

Drawdown Indicators

	BMO.TO	LB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-62.39%	-56.22%	-6.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-4.65%	-6.29%
Max Drawdown (5Y) Largest decline over 5 years	-26.85%	-41.38%	+14.53%
Max Drawdown (10Y) Largest decline over 10 years	-45.59%	-49.49%	+3.90%
Current Drawdown Current decline from peak	-6.48%	-1.19%	-5.29%
Average Drawdown Average peak-to-trough decline	-10.58%	-18.01%	+7.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	1.42%	+1.98%

Volatility

BMO.TO vs. LB.TO - Volatility Comparison

Bank of Montreal (BMO.TO) has a higher volatility of 7.57% compared to Laurentian Bank of Canada (LB.TO) at 1.68%. This indicates that BMO.TO's price experiences larger fluctuations and is considered to be riskier than LB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMO.TO	LB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.57%	1.68%	+5.89%
Volatility (6M) Calculated over the trailing 6-month period	14.15%	17.89%	-3.74%
Volatility (1Y) Calculated over the trailing 1-year period	19.18%	23.42%	-4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.17%	26.67%	-8.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	26.13%	-5.25%

Financials

BMO.TO vs. LB.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Bank of Montreal and Laurentian Bank of Canada over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BMO.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Bank of Montreal reported a gross profit of 9.03B and revenue of 19.30B. Therefore, the gross margin over that period was 46.8%.

LB.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Laurentian Bank of Canada reported a gross profit of 90.60M and revenue of 428.66M. Therefore, the gross margin over that period was 21.1%.

BMO.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Bank of Montreal reported an operating income of 3.33B and revenue of 19.30B, resulting in an operating margin of 17.2%.

LB.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Laurentian Bank of Canada reported an operating income of -32.32M and revenue of 428.66M, resulting in an operating margin of -7.5%.

BMO.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Bank of Montreal reported a net income of 2.49B and revenue of 19.30B, resulting in a net margin of 12.9%.

LB.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Laurentian Bank of Canada reported a net income of -20.50M and revenue of 428.66M, resulting in a net margin of -4.8%.