Bank of Montreal

BMO-T

TSE:BMO

99.72
0.40 (0.40%)
The Bank of Montreal, operating as BMO Financial Group and commonly shortened to BMO, is one of the Big Five banks in Canada.
More at Wikipedia

Analysis and Opinions about BMO-T

Signal
Opinion
Expert
BUY
BUY
December 3, 2019

BNS vs. BMO He prefers BNS, though their last report disappointed. Their credit did hold up well; capital positions are strong. BMO just reported this morning. BNS pays a slightly higher yield. PB is identical. BNS will enjoy a better upside given its Latin American operations, whereas BMO is focussed on North America. Both are buys.

Bank of Montreal (BMO-T)
December 3, 2019

BNS vs. BMO He prefers BNS, though their last report disappointed. Their credit did hold up well; capital positions are strong. BMO just reported this morning. BNS pays a slightly higher yield. PB is identical. BNS will enjoy a better upside given its Latin American operations, whereas BMO is focussed on North America. Both are buys.

Michael Sprung
President, Sprung Investment Management
Price
$100.710
Owned
No
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.
Bank of Montreal (BMO-T)
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.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$99.210
Owned
Unknown
BUY
BUY
October 25, 2019

His favorite Canadian bank is RY. However both RY and BMO are investing in technology, which should allow them to continue growing dividends. No problem buying BMO or RY here.

Bank of Montreal (BMO-T)
October 25, 2019

His favorite Canadian bank is RY. However both RY and BMO are investing in technology, which should allow them to continue growing dividends. No problem buying BMO or RY here.

Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$98.100
Owned
Unknown
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.
Bank of Montreal (BMO-T)
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.
James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$96.830
Owned
No
HOLD
HOLD
September 19, 2019

Hold these companies. They can continue to increase the dividends. BMO-T is his least favourite of the big 5 right now. Their US business is not as stable as TD-T's. This is the one he has been trimming recently.

Bank of Montreal (BMO-T)
September 19, 2019

Hold these companies. They can continue to increase the dividends. BMO-T is his least favourite of the big 5 right now. Their US business is not as stable as TD-T's. This is the one he has been trimming recently.

Ryan Bushell
President, Newhaven Asset Management
Price
$97.310
Owned
Unknown
COMMENT
COMMENT
September 9, 2019

This and TD-T are not two of the banks he not is invested in. You always have to look at what businesses they are in. Both grew significantly in the US. He prefers BMO-T over TD-T because it has less premium to book value than TD-T is selling at.

Bank of Montreal (BMO-T)
September 9, 2019

This and TD-T are not two of the banks he not is invested in. You always have to look at what businesses they are in. Both grew significantly in the US. He prefers BMO-T over TD-T because it has less premium to book value than TD-T is selling at.

Michael Sprung
President, Sprung Investment Management
Price
$93.210
Owned
No
WEAK BUY
WEAK BUY
August 15, 2019

Great franchise in the US, but not as good as TD's. Canadian franchise has always lagged TD and Royal. Canadian banks are suffering due to real estate and debt worries. Great dividend, can own for the long term, an oligopoly. Prefers the other two.

Bank of Montreal (BMO-T)
August 15, 2019

Great franchise in the US, but not as good as TD's. Canadian franchise has always lagged TD and Royal. Canadian banks are suffering due to real estate and debt worries. Great dividend, can own for the long term, an oligopoly. Prefers the other two.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$92.350
Owned
No
WEAK BUY
WEAK BUY
August 14, 2019

The Canadian banks are very cheap now, but net interest margins are a headwind. He sees 5% EPS growth with a decent dividend. Toronto's housing report in July had an uptick, which is encouraging. BMO has some US exposure, but he prefers TD and RY given more US exposure.

Bank of Montreal (BMO-T)
August 14, 2019

The Canadian banks are very cheap now, but net interest margins are a headwind. He sees 5% EPS growth with a decent dividend. Toronto's housing report in July had an uptick, which is encouraging. BMO has some US exposure, but he prefers TD and RY given more US exposure.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$92.700
Owned
Unknown
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.
David Baskin
President, Baskin Wealth Management
Price
$99.590
Owned
No
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.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$99.100
Owned
Yes
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.
Andrew Pink
Portfolio Manager, LDIC
Price
$99.560
Owned
No
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%
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$99.830
Owned
Yes
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.
Ryan Bushell
President, Newhaven Asset Management
Price
$105.820
Owned
No
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.
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$100.740
Owned
No
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.

Bank of Montreal (BMO-T)
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.

Ryan Bushell
President, Newhaven Asset Management
Price
$93.620
Owned
Yes
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.
Bank of Montreal (BMO-T)
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.
Tim Regan
Managing Director, Kingwest & Company
Price
$90.150
Owned
_N/A
DON'T BUY
DON'T BUY
January 2, 2019
He didn't understand their U.S. strategy though he does now. Even still, BMO doesn't stand out to him. It's his least-favourite Canadian bank and hasn't owned it for years. Look at BNS or TD instead (he owns them).
Bank of Montreal (BMO-T)
January 2, 2019
He didn't understand their U.S. strategy though he does now. Even still, BMO doesn't stand out to him. It's his least-favourite Canadian bank and hasn't owned it for years. Look at BNS or TD instead (he owns them).
Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$89.560
Owned
No
DON'T BUY
DON'T BUY
November 27, 2018
This is too big for him, since he invests in small/mid-caps. Canadian consumers are levered up, so he doesn't buy Canadian banks. He prefers TD.
Bank of Montreal (BMO-T)
November 27, 2018
This is too big for him, since he invests in small/mid-caps. Canadian consumers are levered up, so he doesn't buy Canadian banks. He prefers TD.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$98.080
Owned
No
BUY
BUY
November 12, 2018
Their highs and lows are getting higher, which is good. It's better-run than, say, CIBC. Seasonality is coming for Canadian banks. He expects BMO is hit its $109 high.
Bank of Montreal (BMO-T)
November 12, 2018
Their highs and lows are getting higher, which is good. It's better-run than, say, CIBC. Seasonality is coming for Canadian banks. He expects BMO is hit its $109 high.
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$98.650
Owned
Unknown
BUY
BUY
October 25, 2018

He is comfortable with most of the companies in the financial sector right now. He likes BNS, then Royal, then TD and then BMO and CIBC. You could own any one of them or an ETF that has all of them.

Bank of Montreal (BMO-T)
October 25, 2018

He is comfortable with most of the companies in the financial sector right now. He likes BNS, then Royal, then TD and then BMO and CIBC. You could own any one of them or an ETF that has all of them.

Cole Kachur
Senior Wealth Advisor, ScotiaWealth Management
Price
$99.720
Owned
No
COMMENT
COMMENT
October 19, 2018

BMO is third on their list. They have done a great job of building their US franchise. They are not trading at an expensive multiple. Room for these to tread water or move higher and collect the dividend. The bigger concern is looking out 2 – 3 years to see where the growth is going to come from.

Bank of Montreal (BMO-T)
October 19, 2018

BMO is third on their list. They have done a great job of building their US franchise. They are not trading at an expensive multiple. Room for these to tread water or move higher and collect the dividend. The bigger concern is looking out 2 – 3 years to see where the growth is going to come from.

Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$103.690
Owned
No
TOP PICK
TOP PICK
July 26, 2018

He likes banks in general. If you look at banks, 80% of their return since 2010 have come on the second half of the year. There are signs of stability in Canadian housing markets. This one has better growth prospects than its peers and in line valuations. ROE is the highest its been in 4 years. Relatively drama-free. (Analysts’ price target is $111.26)

He likes banks in general. If you look at banks, 80% of their return since 2010 have come on the second half of the year. There are signs of stability in Canadian housing markets. This one has better growth prospects than its peers and in line valuations. ROE is the highest its been in 4 years. Relatively drama-free. (Analysts’ price target is $111.26)

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$103.900
Owned
Yes
BUY
BUY
July 20, 2018

They own Royal Bank (RY-T) and TD (TD-T). They changed the CEO recently. It has done a good job in the last while. The problem with Canadian Banks is the they are not as cheap as the US banks. The good thing is that they continue to grow their dividends and are very well capitalized. Owning here it is fine. Great ROE.

They own Royal Bank (RY-T) and TD (TD-T). They changed the CEO recently. It has done a good job in the last while. The problem with Canadian Banks is the they are not as cheap as the US banks. The good thing is that they continue to grow their dividends and are very well capitalized. Owning here it is fine. Great ROE.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$103.660
Owned
No
DON'T BUY
DON'T BUY
July 12, 2018

He does not own any Canadian banks. He looks at the level of consumer leverage and the economy. They have been good stocks over the long term but he thinks going forward there are better opportunities to invest money.

He does not own any Canadian banks. He looks at the level of consumer leverage and the economy. They have been good stocks over the long term but he thinks going forward there are better opportunities to invest money.

Stephen Groff
Principal & Portfolio Manager, Cambridge Global Asset Management
Price
$103.050
Owned
No
DON'T BUY
DON'T BUY
April 16, 2018

TD-T vs. BMO-T. Canadian banks have been underperforming the US. There are still some challenges here in Canada, such as less interest rate increases. The changes in real estate laws are still working through the market place. He would underweight Canadian banks.

TD-T vs. BMO-T. Canadian banks have been underperforming the US. There are still some challenges here in Canada, such as less interest rate increases. The changes in real estate laws are still working through the market place. He would underweight Canadian banks.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$95.170
Owned
No
BUY
BUY
March 7, 2018

They increased their dividend. U.S. operations are attractive and they are expanding them. Better U.S. growth helps them. A good stock. Ranks BMO #4 of the big Canadian banks after TD, RBC and SB.

They increased their dividend. U.S. operations are attractive and they are expanding them. Better U.S. growth helps them. A good stock. Ranks BMO #4 of the big Canadian banks after TD, RBC and SB.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$96.510
Owned
Yes
BUY
BUY
January 9, 2018

Long-term investors who have just held Canadian banks have made out like bandits. They’ve compounded rates of double digits and dividend growth, and he doesn't see that ending. Canadian banks should trade at more than 13X earnings. The overall market is trading at 19X earnings. He likes Canadian banks and feels you should overweight them in your portfolio.

Bank of Montreal (BMO-T)
January 9, 2018

Long-term investors who have just held Canadian banks have made out like bandits. They’ve compounded rates of double digits and dividend growth, and he doesn't see that ending. Canadian banks should trade at more than 13X earnings. The overall market is trading at 19X earnings. He likes Canadian banks and feels you should overweight them in your portfolio.

Barry Schwartz
CIO & Portfolio Manager, Baskin Wealth Management
Price
$102.410
Owned
Unknown
BUY
BUY
December 28, 2017

The worst performing bank in a year is a good one the following year. It has decent US exposure. He favours US banks so if you want US exposure from a Canadian bank this would be a good one.

Bank of Montreal (BMO-T)
December 28, 2017

The worst performing bank in a year is a good one the following year. It has decent US exposure. He favours US banks so if you want US exposure from a Canadian bank this would be a good one.

Norman Levine
Managing Director, Portfolio Management Corp
Price
$100.490
Owned
Unknown
COMMENT
COMMENT
December 8, 2017

You should be fine owning this. It is not his preferred Canadian bank. If he had to choose, he would probably pick Toronto Dominion (TD-T) or Royal (RY-T) because of the big exposure to the US. All the metrics on this bank look okay, but he would choose more US financials.

Bank of Montreal (BMO-T)
December 8, 2017

You should be fine owning this. It is not his preferred Canadian bank. If he had to choose, he would probably pick Toronto Dominion (TD-T) or Royal (RY-T) because of the big exposure to the US. All the metrics on this bank look okay, but he would choose more US financials.

Veeral Khatri
Partner and Portfolio Manager, JC Clark
Price
$100.910
Owned
No
COMMENT
COMMENT
November 24, 2017

Has an ROE slightly below 14%, which is why it would trade at a lower Price to Book multiple of 1.6X. The bank has bought its way into very competitive markets, mainly in the US and things like commercial banking. It would not be the bank he would buy, but doesn’t see any particular risk in owning it. Doesn’t feel you are going to get a lot of performance above the group.

Bank of Montreal (BMO-T)
November 24, 2017

Has an ROE slightly below 14%, which is why it would trade at a lower Price to Book multiple of 1.6X. The bank has bought its way into very competitive markets, mainly in the US and things like commercial banking. It would not be the bank he would buy, but doesn’t see any particular risk in owning it. Doesn’t feel you are going to get a lot of performance above the group.

Daniel Lloyd
Portfolio Manager, Forge First Asset Management
Price
$99.060
Owned
No
WAIT
WAIT
October 30, 2017

With a one year horizon, it is too hard to forecast. Over the long term the new management team has a strong leader with a capital markets background and a cost cutting initiative. It is not attractive today but is long term. The critical question is the success of the Harris Bank integration. BMO has been having trouble with growth but this is a long term opportunity.

Bank of Montreal (BMO-T)
October 30, 2017

With a one year horizon, it is too hard to forecast. Over the long term the new management team has a strong leader with a capital markets background and a cost cutting initiative. It is not attractive today but is long term. The critical question is the success of the Harris Bank integration. BMO has been having trouble with growth but this is a long term opportunity.

Danesh Rohinton
Portfolio manager, Cambridge Global Asset Management
Price
$100.010
Owned
Unknown
COMMENT
COMMENT
October 27, 2017

Some of the banks, including this one, are at the $100 mark, which is where banks like to do stock splits. He would be positive on this.

Bank of Montreal (BMO-T)
October 27, 2017

Some of the banks, including this one, are at the $100 mark, which is where banks like to do stock splits. He would be positive on this.

Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
Price
$100.030
Owned
Unknown
DON'T BUY
DON'T BUY
October 25, 2017

He doesn’t own BMO, he prefers Scotia (BNS-T), Royal (RY-T) and CIBC (CM-T). The one lagging in valuation lately is probably CIBC. Some banks are expanding in the US which is a very competitive market, and it could take several years before you start seeing any significant gains to the bottom line.

Bank of Montreal (BMO-T)
October 25, 2017

He doesn’t own BMO, he prefers Scotia (BNS-T), Royal (RY-T) and CIBC (CM-T). The one lagging in valuation lately is probably CIBC. Some banks are expanding in the US which is a very competitive market, and it could take several years before you start seeing any significant gains to the bottom line.

Michael Sprung
President, Sprung Investment Management
Price
$99.520
Owned
No
COMMENT
COMMENT
October 20, 2017

Chart shows a Bull/Flat formation. The top of the flat is represented by disbelievers, people who don’t want the stock and are taking advantage of rallies and selling their position. The key on this is that it has broken out. The buyers are actually winning. That means it will likely go higher. There is a decent chance that this can reach the recent high and go a little higher. There is a nice little bull/flag formation.

Bank of Montreal (BMO-T)
October 20, 2017

Chart shows a Bull/Flat formation. The top of the flat is represented by disbelievers, people who don’t want the stock and are taking advantage of rallies and selling their position. The key on this is that it has broken out. The buyers are actually winning. That means it will likely go higher. There is a decent chance that this can reach the recent high and go a little higher. There is a nice little bull/flag formation.

William Chin
Portfolio manager, Caldwell Investment Management
Price
$98.760
Owned
Unknown
COMMENT
COMMENT
October 4, 2017

Has been Short on this for over 8 years now, through a Pairs trade, being Long on Guardian Capital (GCG-T). When he did this in 2009, Guardian was trading at about a 25% discount just to the value of its BMO shares. Effectively, he was buying BMO $.50 to the dollar. Both stocks have gone up, but Guardian has gone up more and the spread has widened. This is one of the reasons he really likes Pair Trading.

Bank of Montreal (BMO-T)
October 4, 2017

Has been Short on this for over 8 years now, through a Pairs trade, being Long on Guardian Capital (GCG-T). When he did this in 2009, Guardian was trading at about a 25% discount just to the value of its BMO shares. Effectively, he was buying BMO $.50 to the dollar. Both stocks have gone up, but Guardian has gone up more and the spread has widened. This is one of the reasons he really likes Pair Trading.

Jerome Hass
Portfolio Manager, Lightwater Partners
Price
$96.350
Owned
Yes
BUY
BUY
September 28, 2017

He likes all the banks. However, in Q3 this bank had negative operating leverage, a -2.2%. Their US operations at flat earnings which were kind of disappointing. There is uncertainty on the street as to whether they can maintain their efficiency ratios. The weaker US$ hurts them a little. They have a very favourable Cdn/US business mix. This is one you can buy at around these levels.

Bank of Montreal (BMO-T)
September 28, 2017

He likes all the banks. However, in Q3 this bank had negative operating leverage, a -2.2%. Their US operations at flat earnings which were kind of disappointing. There is uncertainty on the street as to whether they can maintain their efficiency ratios. The weaker US$ hurts them a little. They have a very favourable Cdn/US business mix. This is one you can buy at around these levels.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$93.970
Owned
Unknown
COMMENT
COMMENT
September 14, 2017

If you are a long-term investor, you can’t go really too far wrong with Canadian banks. They tend to be these really solid, steady growers. The multiples contract and expand. Banks have some of the best dividend growth history out there. If you are buying for a long-term dividend growth, it is one you just buy and tuck away.

Bank of Montreal (BMO-T)
September 14, 2017

If you are a long-term investor, you can’t go really too far wrong with Canadian banks. They tend to be these really solid, steady growers. The multiples contract and expand. Banks have some of the best dividend growth history out there. If you are buying for a long-term dividend growth, it is one you just buy and tuck away.

Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investment Management Inc.
Price
$91.890
Owned
Unknown
WAIT
WAIT
September 6, 2017

Rising interest rates are positive for banks. Banks in general have been in a near term downtrend. He is looking at the banks, but now is not the time to buy them. The chart on this shows lower highs and lower lows, but at some point, the banks will consolidate. Seasonally, October is generally a good time to buy banks, because they tend to move up into the next earnings season at around Christmas.

Bank of Montreal (BMO-T)
September 6, 2017

Rising interest rates are positive for banks. Banks in general have been in a near term downtrend. He is looking at the banks, but now is not the time to buy them. The chart on this shows lower highs and lower lows, but at some point, the banks will consolidate. Seasonally, October is generally a good time to buy banks, because they tend to move up into the next earnings season at around Christmas.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$89.000
Owned
Unknown
HOLD
HOLD
August 28, 2017

Not his favourite. He has trouble dissecting their strategy. It is more US oriented than it used to be. See top picks today. It is a hold because he likes the industry.

Bank of Montreal (BMO-T)
August 28, 2017

Not his favourite. He has trouble dissecting their strategy. It is more US oriented than it used to be. See top picks today. It is a hold because he likes the industry.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$92.430
Owned
No
BUY
BUY
August 4, 2017

Which Canadian bank would you buy, excluding Toronto Dominion (TD-T)? To him, Bank of Montréal (BMO-T) looks pretty good. He sees an upside in this. It is trading at a discount to its EVB which is $105.66. His model price is $106.43 which is 12% higher.

Which Canadian bank would you buy, excluding Toronto Dominion (TD-T)? To him, Bank of Montréal (BMO-T) looks pretty good. He sees an upside in this. It is trading at a discount to its EVB which is $105.66. His model price is $106.43 which is 12% higher.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$94.610
Owned
Unknown
COMMENT
COMMENT
June 29, 2017

Toronto Dominion (TD-T), Bank of Montréal (BMO-T) or Bank of Nova Scotia (BNS-T)? He likes the financials. In Canada, banks and the insurers have underperformed the rest of the sectors this year. With interest rates starting to move higher, this is good for banks. Of the 3, this is about the cheapest.

Toronto Dominion (TD-T), Bank of Montréal (BMO-T) or Bank of Nova Scotia (BNS-T)? He likes the financials. In Canada, banks and the insurers have underperformed the rest of the sectors this year. With interest rates starting to move higher, this is good for banks. Of the 3, this is about the cheapest.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$95.500
Owned
No
COMMENT
COMMENT
June 7, 2017

Canadian banks pretty much go in lockstep with each other, but there are deviations. When you look at their business mixes, they all are quite different businesses. The wildcard for a number of these banks has typically been the capital markets side, which tends to be a lot more volatile than earnings. He would not have any argument with somebody wanting to own this. (See Top Picks.)

Canadian banks pretty much go in lockstep with each other, but there are deviations. When you look at their business mixes, they all are quite different businesses. The wildcard for a number of these banks has typically been the capital markets side, which tends to be a lot more volatile than earnings. He would not have any argument with somebody wanting to own this. (See Top Picks.)

Michael Sprung
President, Sprung Investment Management
Price
$90.400
Owned
No
HOLD
HOLD
May 26, 2017

In the Canadian banking sector, you have to separate the ones which are highly dependent on Canadian revenues, and those who are more dependent on outside revenues. This one is right in the middle, but probably more dependent on outside revenues. Only 60% of its revenues come from within Canada, with the rest coming from the US. Earnings report was not great and the stock got hurt a little. He has seen this before with a lot of the bank stocks, so it is not a name he would give up on at this point. It could even be an entry point at this time.

In the Canadian banking sector, you have to separate the ones which are highly dependent on Canadian revenues, and those who are more dependent on outside revenues. This one is right in the middle, but probably more dependent on outside revenues. Only 60% of its revenues come from within Canada, with the rest coming from the US. Earnings report was not great and the stock got hurt a little. He has seen this before with a lot of the bank stocks, so it is not a name he would give up on at this point. It could even be an entry point at this time.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$91.170
Owned
No
TOP PICK
TOP PICK
April 4, 2017

Preferred Series V. A new issue that has just been trading for a few weeks. It does not have a floor feature, because banks are not allowed to do so. Has a 4.5% coupon.

Preferred Series V. A new issue that has just been trading for a few weeks. It does not have a floor feature, because banks are not allowed to do so. Has a 4.5% coupon.

Doug Grieve
Portfolio Manager, Lysander-Slater Preferred Share ActiveETF
Price
$25.510
Owned
No
COMMENT
COMMENT
March 15, 2017

Bank of Montréal (BMO-T) or Manulife (MFC-T)? Doesn’t own either, and prefers some US banks, although many of them are no longer as attractive and he has had to reposition.

Bank of Montréal (BMO-T) or Manulife (MFC-T)? Doesn’t own either, and prefers some US banks, although many of them are no longer as attractive and he has had to reposition.

Stephen Groff
Principal & Portfolio Manager, Cambridge Global Asset Management
Price
$101.240
Owned
No
BUY
BUY
March 14, 2017

You can’t build a portfolio without having Canadian banks in it. He likes what this bank is doing in the US. There is growth in the US and this bank is positioned to take advantage of it.

You can’t build a portfolio without having Canadian banks in it. He likes what this bank is doing in the US. There is growth in the US and this bank is positioned to take advantage of it.