Bank of Montreal
BMO-T
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About Bank of Montreal (BMO-T)
The Bank of Montreal, operating as BMO Financial Group and commonly shortened to BMO, is one of the Big Five banks in Canada.
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Opinion
Expert
COMMENT
COMMENT
November 6, 2019
How big is their real estate exposure? A good bank for sure. Real Estate is studied internally to evaluate overall exposure. Don't worry too much about where they are concentrated, the banks have been doing this for over 170 years.
How big is their real estate exposure? A good bank for sure. Real Estate is studied internally to evaluate overall exposure. Don't worry too much about where they are concentrated, the banks have been doing this for over 170 years.
banks
BUY
banks
WATCH
WATCH
October 15, 2019
The banks as a group are becoming more attractive. He's watching them as housing stats look stronger. They're great to hold long-term. Valuations in the single-digits are compelling. Wait for a good entry point.
The banks as a group are becoming more attractive. He's watching them as housing stats look stronger. They're great to hold long-term. Valuations in the single-digits are compelling. Wait for a good entry point.
banks
HOLD
HOLD
September 19, 2019
banks
COMMENT
COMMENT
September 9, 2019
banks
WEAK BUY
WEAK BUY
August 15, 2019
banks
WEAK BUY
WEAK BUY
August 14, 2019
banks
DON'T BUY
DON'T BUY
July 30, 2019
His 4th or 5th choice among Canadian banks. It isn't special. Their recent American acquisition went okay for them. BMO is merely okay. He has no problem with the sector though.
His 4th or 5th choice among Canadian banks. It isn't special. Their recent American acquisition went okay for them. BMO is merely okay. He has no problem with the sector though.
banks
PAST TOP PICK
PAST TOP PICK
July 18, 2019
(A Top Pick Jul 26/18, Down 1%) Still cheap. Favourable business mix. Still a good place to be.
(A Top Pick Jul 26/18, Down 1%) Still cheap. Favourable business mix. Still a good place to be.
banks
DON'T BUY
DON'T BUY
June 17, 2019
They've had trouble growing internationally, but that's improving. He prefers TD and RY, whcih have more American exposure, but BMO's valuation is in line with its peers. BMO has struggled to perform and he doesn't know why.
They've had trouble growing internationally, but that's improving. He prefers TD and RY, whcih have more American exposure, but BMO's valuation is in line with its peers. BMO has struggled to perform and he doesn't know why.
banks
BUY
BUY
June 4, 2019
He holds some small amounts of this stock. All the banks in Canada have a negative bias towards the pessimism in Canadian real estate. The dividend is safe. They are expanding the US mid-west and they are doing well there. A good long term investment at these levels. Yield 4.2%
He holds some small amounts of this stock. All the banks in Canada have a negative bias towards the pessimism in Canadian real estate. The dividend is safe. They are expanding the US mid-west and they are doing well there. A good long term investment at these levels. Yield 4.2%
banks
HOLD
HOLD
April 30, 2019
Last fall, it got hit especially hard to $90, but has rebounded to around $105. Has the richest valuation of the big 5. But they are doing a great job. They're a steady eddy, not doing acquisitions, and sticking to their core business--and that's fine. He sold BMO and bought CIBC because it pays a higher divdend. Otherwise, you can hold this.
Last fall, it got hit especially hard to $90, but has rebounded to around $105. Has the richest valuation of the big 5. But they are doing a great job. They're a steady eddy, not doing acquisitions, and sticking to their core business--and that's fine. He sold BMO and bought CIBC because it pays a higher divdend. Otherwise, you can hold this.
banks
SELL
SELL
March 22, 2019
Just sold his holding yesterday. Still likes financials, but prefers insurance or mixed use like Fairfax. Seasonality and headlines re housing mean banks are a bit of dead money. Better use of money elsewhere. Short-term, downside risk is about $95.
Just sold his holding yesterday. Still likes financials, but prefers insurance or mixed use like Fairfax. Seasonality and headlines re housing mean banks are a bit of dead money. Better use of money elsewhere. Short-term, downside risk is about $95.
banks
COMMENT
COMMENT
January 15, 2019
Rotation from small-cap banks into large ones? He doesn't see a correlation. BMO itself was the highest flyer in 2018 until it got hit hard in Q4, and now it's back in the middle of the big 5 Canadian banks. He's been gradually selling off BMO (he owns 4 of the 5 banks). BMO is executing well in capital markets and the U.S., but its valuation in neutral.
Rotation from small-cap banks into large ones? He doesn't see a correlation. BMO itself was the highest flyer in 2018 until it got hit hard in Q4, and now it's back in the middle of the big 5 Canadian banks. He's been gradually selling off BMO (he owns 4 of the 5 banks). BMO is executing well in capital markets and the U.S., but its valuation in neutral.
banks
COMMENT
COMMENT
January 4, 2019
BMO or BNS? He slightly favours BNS. But BMO is still a good company. All the top 5 Canadian banks are solid. BMO may lag behind is some areas. At these prices, both are good value.
BMO or BNS? He slightly favours BNS. But BMO is still a good company. All the top 5 Canadian banks are solid. BMO may lag behind is some areas. At these prices, both are good value.
banks
Comments
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