TSE:BMO

Bank of Montreal (BMO.TO)

242.45
-1.52 (0.62%)
as of Sep 28, 2026, 2:56:58 pm Market Open.
1164 watching
0
HOLD
Thinks dividend is safe and doesn't see any Canadian banks cutting dividends. Canadian banks have had a huge run and are probably in a bit of a holding pattern for a couple of quarters.
DON'T BUY
He is still not on the bandwagon for this one. Still grinding through its issues. Still have some problems in the US.
PAST TOP PICK
(A Top Pick Jan 9/09. Up 70%.) Getting to the point where he would be a seller and not a buyer.
PAST TOP PICK
(A Top Pick Jan 27/09. Up 33.58%.) Capital Trust II, Dec/17 @ 10.22%. Still likes.
COMMENT
Had gone from being the most conservative Canadian bank to the riskiest one making the yield the highest. Raised a lot of capital and it is not an issue any more. His only bank holding is National (NA-T).
TRADE
Lot of people are asking if their money can earn more elsewhere than the banks. But more analysts are recommending BMO. 5% yield still. No compelling reason to get out.
COMMENT
Bank of Montreal (BMO-T) versus Bank of Nova Scotia (BNS-T)? He would rank Scotia above BMO because it has better growth prospects. However, this is one of the most improved banks in Canada. Excellent dividend.
TRADE
Recent reports were mixed. Longer term, 2010 is a transition year, where they are trying to build up capital and see what the regulatory framework will look like. Owns TD. Thinks TDBankNorth will play out positive for them eventually.
COMMENT
Dividend is high but he doesn't think they will cut them.
HOLD
His least favourite bank. Has a little bit of trouble with their strategy and their US exposure. (See Top Picks.)
COMMENT
Slowly but surely coming around. Prefers others but will continue to perform well. An interesting way to play is to buy Guardian Capital (GCG.A-T), which has a massive block of this company on its balance sheet.
PAST TOP PICK
(A Top Pick Jan 27/09. Up 32.57%.) Capital Trust II, Dec/17 @ 10.22%. Recently trimmed part of his position.
SELL
All of the Canadian banks are looking tired. Had a big run up off the bottom. He has been taking profits.
SELL
(Market Call Minute) Switch over to Royal or BNS.
COMMENT
Getting quite close to his target of $58-$59. At that point he would be looking for a setback. Historically, when the banks have had a move of this size that they had this year, the setback has been quite substantial at 30%+.
Showing 421 to 435 of 955 entries