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The experts have mixed opinions about the Bank of Montreal (BMO-T) stock. Some experts see it as a good long-term investment with a high current yield, while others see it as a risky investment due to its exposure to commercial banking. The stock has been recommended as a top pick, but also had a decline due to sector-wide issues. It has been described as a solid quality company with good value trading and a recent acquisition that may position it for growth. Overall, the stock seems to have potential for growth but also carries some risk due to its exposure.
Banks are a good long term investment but you don't have to own all the banks. Bank of Montreal has the largest exposure to commercial banking so it could be a recessionary risk. He wants more stability in a bank so he owns Royal, TD and National.
Current yield ~5% - good offer for investors. Valuation attractive for investors. Canadian banks generally a safe option. Good place for defensive investors. Not huge growth.
If you're going to buy in the space, BMO and RY are the two to consider. Accretion from acquisitions is working for both. BMO is 2 points cheaper. Still, he'd rather go with insurance -- MFC first, IFC second.
They bought Bank of the West, synergistic for pooling resources and adding assets. BMO is the more commercial bank in Canada vs. peers. A great bank, but commercial banking is volatile when the economy is weak. He prefers other banks like RY and TD for their stability.
The question was on his preference for the two banks. Both have international operations with BMO focused more in the U.S. and BNS more in Latin America. He prefers BMO. Now is not the time to buy BNS but watch it over the next four quarters,
One of the best. Banks have nice dividends and decent valuations, but not a lot of growth. BMO has accretion from its Bank of the West deal. Great capital holders over time.
That said, he'd rather go with SLF or MFC right now. Insurance companies have outperformed Canadian banks for 3 years in a row.
One of the 3 best Canadian banks (out of 6). He likes the deal to buy Bank of the West, likes their Canadian business and the new CEO who's improving the efficiency ratio. Capital markets business is also good and improving. The dividend of around 5.5% will continue to grow.
BMO really has the US going well. As the smaller of the big 5 banks, it's really been accelerating its growth. He's long in his value momentum fund.
Q4 a bit shy, due to some charges. Otherwise in line. The one to buy. Better growth rate due to Bank of the West synergies. Still fairly valued around 9x, with around 5% growth. Wait for a pullback, and then sell puts to get in at a lower strike price and get some dividends. Fine over next 5-10 years; not if it will work, but when.
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)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
In the last year, 17 stock analysts published opinions about BMO-T. 13 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.
Bank of Montreal was recommended as a Top Pick by on . Read the latest stock experts ratings for Bank of Montreal.
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.
17 stock analysts on Stockchase covered Bank of Montreal In the last year. It is a trending stock that is worth watching.
On 2024-04-23, Bank of Montreal (BMO-T) stock closed at a price of $128.11.
Large exposure to commercial loan portfolio. Overall, a quality business that can weather economic storm. If interest rates rise will determine future of business. If interest rates fall - will be good for business. 2025/26 mortgage renewals will be interesting to watch. Would recommend holding shares in company. Would recommend investors "hold".