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Bank of Montreal (BMO-T)
893 watching
TSE:BMO
133.56
0.25
(0.19%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jan 27, 2023, 9:00 pm
0
BUY
Buy for the dividend? If you like the dividend, you own the company. He wouldn't buy it just because it's going ex-dividend, that's more a trading strategy. Canadian banks are in very good shape financially. Even the increase in reserves for loan losses is a healthy thing. Not an expensive multiple, great dividend that increases, well capitalized. Great business for a long-term hold.
banks
$134.750
No
HOLD
Canadian banks are in a tough space right now, with slowing economy and housing. RY and TD are the gold standards of banks in Canada, and they trade at a valuation premium for that. It's always that tradeoff, valuation vs. growth & quality. He owns BMO, a nice happy medium.
banks
BUY
Believes company dividend is safe and will not decrease.
None of big 5 Canadian banks have cut dividend since the 1980's.
~4% dividend yield is stable.
Recent green light on acquisition on Bank of the West very good for the company.
Good time to buy shares.
banks
PAST TOP PICK
(A Top Pick Dec 08/22, Up 1.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with BMO is progressing well. To remain disciplined, we recommend trailing up the stop (from $105) to $118 at this time.
banks
PAST TOP PICK
(A Top Pick Jan 13/22, Down 14%) Liked its price-to-growth at the time, but since then a lot has changed. BMO has executed well in the past year. Trades at 8.7x, cheaper than peers. But we're probably heading into a recession, so it's not a great time to buy the banks. Likes it longer term. Wait 3-6 months to buy this.
banks
BUY
Allan Tong’s Discover Picks So, back to BMO stock. It trades at a measly 6.31x PE and pays a hefty 4.55% dividend yield. BMO recently bought the Bank of West for US$16.3 billion as one of the biggest deals for a Canadian bank, but it will result in a bigger footprint south of the border. BMO projects the deal will add 1.8 million customers when it closes at the end of this year. Short-term, BMO took a Q3 hit of C$983 million to pay for this deal, but long-term the addition should pay off. Read Steady Eddys: 3 Stable Stocks for our full analysis.
banks
TOP PICK
One of favorite stocks (#1 Canadian banking pick).
Recently increased dividend with ~4% yield.
Commercial customers holding up well in recession.
Company in strong position and benefited from pandemic.
Asset based lending lending (esp in automobile) will remain strong.
Least exposure to Canadian mortgages.
banks
TOP PICK
Stockchase Research Editor: Michael O'Reilly Recently reported earnings beat expectations by 31% as revenue increased 20%. Margins are expanding supporting a ROE of 21%. Trading at 6x earnings it all adds up to good value here. It pays a good dividend, backed by a payout ratio under 35% of cashflow. We recommend placing a stop loss at $105, looking to achieve $151 -- upside over 19%. Yield 4.5% (Analysts’ price target is $150.40)
banks
BUY
If you have both earnings and the CAD going for you, you'll get a pretty good move in the banks. Long-term, these stocks are cheap. Just to move back to long-term average value value, a lot of them have to go up 25-35%.
banks
HOLD
Ponzi scheme. They'll get over it. When you make acquisitions, one of the risks is a skeleton in the closet. As a result, due diligence will be enhanced for Bank of the West deal. Not a systemic issue. Likes the bank's US and Canadian positioning.
banks
BUY
Owns shares in the company.
Recently completed USA acquisition.
Very conservative, well run bank.
Excellent business that has executed well in past few years.
banks
WEAK BUY
The dividend is safe, but loan loss provisions are a headwind. BMO is absorbing a massive US company, so there's a little risk, but will give them more scale. Did BMO overpay?
banks
PAST TOP PICK
(A Top Pick Jan 13/22, Down 16%) Trading at 8x, growing 7%. Doing almost everything right. US banks would give you better growth or valuation. Still a good pick based on valuation, plus you get the dividend tax credit.
banks
DON'T BUY
Got stung by low forecasts. Margin spreads are suffering. Not one of his favourites. Sector is cheap, but he's still not being aggressive. Inverted yield curve is not good for banks.
banks
BUY
Allan Tong’s Discover Picks BMO’s EPS growth is rising faster than its peers, specifically nearly 100% in the past year. BMO shares trade at only 7.3x earnings compared to TD’s 10.7x and Royal’s 11.1x. BMO’s profit margin and ROE tick higher, too. Only BMO’s dividend lags its peers, paying merely 4.3%, though it boasts the lowest payout ratio at 26.31%. Read 3 Long-Term Stocks to Buy and Hold for our full analysis.
banks
Bank of Montreal(BMO-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 19
Neutral - Hold Signals / Votes : 4
Bearish - Sell Signals / Votes : 3
Total Signals / Votes : 26
Bank of Montreal(BMO-T) Frequently Asked Questions
What is Bank of Montreal stock symbol?
Bank of Montreal is a Canadian stock, trading under the symbol BMO-T on the Toronto Stock Exchange (BMO-CT). It is usually referred to as TSX:BMO or BMO-T
Is Bank of Montreal a buy or a sell?
In the last year, 26 stock analysts published opinions about BMO-T. 19 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Bank of Montreal.
Is Bank of Montreal a good investment or a top pick?
Bank of Montreal was recommended as a Top Pick by on . Read the latest stock experts ratings for Bank of Montreal.
Why is Bank of Montreal stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Bank of Montreal worth watching?
26 stock analysts on Stockchase covered Bank of Montreal In the last year. It is a trending stock that is worth watching.
What is Bank of Montreal stock price?
On 2023-01-27, Bank of Montreal (BMO-T) stock closed at a price of $133.56.
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