Trending stocks today
Bank of Montreal (BMO-T)
TSE:BMO
109.75
0.58
(0.53%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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$109.840
Unknown
After recent merger, now one of the top 10 banks in the US, operating in 32 states. Merger will bring cost savings. Strong suit is commercial banking and lending. Large Canadian wealth management, good-sized NA capital markets, plus a smaller insurance business. 13% ROE plus 7% growth rate in dividends, resulting in a double-digit return over the coming cycle. Yield is 5.17%.
(Analysts’ price target is $127.24)Canadian banks are reasonably priced, but still headwinds on loan losses. He likes the one with the best balance sheet, TD. He also likes CM, with its outsized dividend yield and low valuation. BMO is OK.
For the heavy lifting in your portfolio, he'd look instead at insurance companies with similar yields and more growth over the next 1-2 years.
Revenues are from Canada (60%) and US (30%), where it's really growing in the US mid-West. Purchase of Bank of the West brings BMO into 3 of the top 5 US markets. US banking exposure has put pressures on the stock price. Above market profitability. Under 10x earnings. Yield is close to 5%.
Canadian banks are one of the strongest oligopolies in the world. Raising dividend shows the results miss is not a long-term problem. Digestion issues on latest acquisition. Raising loan losses to normal levels. Expenses were higher. Inflation has increased wages. Keep holding, comfortable buying more.
Decline reflects decline in the sector. Large cap, very stable. US regional bank issues shouldn't affect its operations. Bigger institutions have benefited from banking turmoil. Diversified. Likes Canadian banking as a whole. Sound investment. See her Top Picks.
We reiterate BMO as a TOP PICK. Trading at 9x earnings and only 1.2x book it is good value here. A recent acquisition of California based Bank of the West will well position it for growth as the US economy rebounds. We note that shares were issued to reduce debt levels. We recommend continuing to maintain a tight stop at $112, looking to achieve $141 -- upside potential of 20%. Yield 4.6%
(Analysts’ price target is $141.41)Volatility in the sector. Nothing wrong with this one. Ignore the volatility in the short term. Long term, it should do well. His preference in the space is TD. See his Top Picks.
Unless another bank melts down, financials will continue to recover. The contagion spread to Big Six in Canada with stocks like TD getting beaten down. With the greatest exposure to the U.S., TD is one to buy (already recommended by Stockchase), but BMO is another that will bounce back. Stockchaser Michael O'Reilly picks it for its consistent and attractive numbers: 5.9x PE, 1.18x price-to-book, and a 4.79% dividend yield. To compare, Royal Bank trades at 12.27x and pays 4.11%. Thanks to the banking crisis, BMO shares sank 6.9% in March, but in the the last week have recovered 2%. Expect this trend to continue.
Owing Canadian chartered banks during periods of market uncertainty is always a good strategy. It currently trades at 1.5x book and under 10x earnings. Cash reserves are growing as the company retires debt. We recommend placing a stop-loss at $100, looking to achieve $143.50 — upside potential over 20%. Yield 4.6%
(Analysts’ price target is $143.45)Has sold shares @ $134.
Still likes fundamentals of business despite headwinds of higher interest rates.
Will buy when shares fall.
Canadian banking system one of strongest in the world.
Better names in the banking sector.
Strong Canadian bank.
Loan growth has slowed.
Continues to be a stand out amongst the banks.
Still likes the company.
More that the market doesn't like banks right now, rather than not liking the acquisition. If the economy slows down, what will that do to loan losses? Earnings start tomorrow, might be all right as the economy hasn't rolled over yet. Lower end of valuation range, decent dividends, but earnings growth will be challenged in the short term.
Bank of Montreal(BMO-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 17
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 21
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, 21 stock analysts published opinions about BMO-T. 17 analysts recommended to BUY the stock. 1 analyst 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?
21 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 2023-11-27, Bank of Montreal (BMO-T) stock closed at a price of $109.75.
Our PAST TOP PICK with BMO has triggered its stop at $112. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 5%, when combined with previous recommendations.