Bank of Montreal

BMO-T

TSE:BMO

66.95
1.01 (1.49%)
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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Analysis and Opinions about BMO-T

Signal
Opinion
Expert
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.

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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.

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.

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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.

TOP PICK
TOP PICK
February 24, 2017

This bank has been making some very strategic moves in terms of getting costs down. In terms of their US exposure, Harris is doing a lot better. They continue to make tuck in acquisitions. Increasing rates will be good for net interest margins. Dividend yield of 3.5%, and has had an excellent track record of dividend growth over the past decade. (Analysts’ price target is $101.20.)

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

This bank has been making some very strategic moves in terms of getting costs down. In terms of their US exposure, Harris is doing a lot better. They continue to make tuck in acquisitions. Increasing rates will be good for net interest margins. Dividend yield of 3.5%, and has had an excellent track record of dividend growth over the past decade. (Analysts’ price target is $101.20.)

COMMENT
COMMENT
December 9, 2016

Just reported and made $2.10 versus the consensus of $1.89. Bank operating leverage was up 2.7%. This has really been on fire, and he has not been modelling a lot of growth from this. Trading at a slight premium. There are better ones out there. All the banks are good. He would be Selling Calls on this.

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Bank of Montreal (BMO-T)
December 9, 2016

Just reported and made $2.10 versus the consensus of $1.89. Bank operating leverage was up 2.7%. This has really been on fire, and he has not been modelling a lot of growth from this. Trading at a slight premium. There are better ones out there. All the banks are good. He would be Selling Calls on this.

PAST TOP PICK
PAST TOP PICK
December 2, 2016

(A Top Pick Oct 23/15. Up 20.95%.) 12 months ago, bank shares were beaten up by short sellers in New York. They continue to outperform most of the analysts’ expectations. That may continue. Still feels Canadian banks are not a bad longer-term Buy.

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Bank of Montreal (BMO-T)
December 2, 2016

(A Top Pick Oct 23/15. Up 20.95%.) 12 months ago, bank shares were beaten up by short sellers in New York. They continue to outperform most of the analysts’ expectations. That may continue. Still feels Canadian banks are not a bad longer-term Buy.

COMMENT
COMMENT
October 18, 2016

(Market Call Minute.) Thinks you are okay to own the banks, especially the ones with US exposure. This one fits, but he prefers Toronto Dominion (TD-T).

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Bank of Montreal (BMO-T)
October 18, 2016

(Market Call Minute.) Thinks you are okay to own the banks, especially the ones with US exposure. This one fits, but he prefers Toronto Dominion (TD-T).

TOP PICK
TOP PICK
October 4, 2016

*Short* (Pairs trade with a Long on GCG.A-T). This one takes out a lot of the market risk for him.

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Bank of Montreal (BMO-T)
October 4, 2016

*Short* (Pairs trade with a Long on GCG.A-T). This one takes out a lot of the market risk for him.

HOLD
HOLD
September 21, 2016

He likes this. The results, along with Bank of Nova Scotia (BNS-T) and Bank of Commerce (CM-T) were a surprise on the upside in Q3. They are doing a good job in the retail area as well as in the US where they have exposure in the Midwest. Good dividend. Thinks their long term targets are achievable, but not in the short term.

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Bank of Montreal (BMO-T)
September 21, 2016

He likes this. The results, along with Bank of Nova Scotia (BNS-T) and Bank of Commerce (CM-T) were a surprise on the upside in Q3. They are doing a good job in the retail area as well as in the US where they have exposure in the Midwest. Good dividend. Thinks their long term targets are achievable, but not in the short term.

COMMENT
COMMENT
August 23, 2016

Moving more towards a TD type model, more geared towards retail banking. With that, you are going to see more consistent results. Less volatility, less capital market ups and downs. With their Harris Bank in the Midwest, they are branching out in the US slow and steady. Not a bad dividend. He thinks you will see a steadier approach upwards, and constructive.

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Bank of Montreal (BMO-T)
August 23, 2016

Moving more towards a TD type model, more geared towards retail banking. With that, you are going to see more consistent results. Less volatility, less capital market ups and downs. With their Harris Bank in the Midwest, they are branching out in the US slow and steady. Not a bad dividend. He thinks you will see a steadier approach upwards, and constructive.

COMMENT
COMMENT
August 16, 2016

Prefers Toronto Dominion (TD-T) because of their US exposure and that the US consumer is much healthier than the Canadian consumer at the moment. However, this is one he would be looking at. Expect this will come up with good results. Raised the dividend last quarter, so there probably won’t be a bump this quarter.

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Bank of Montreal (BMO-T)
August 16, 2016

Prefers Toronto Dominion (TD-T) because of their US exposure and that the US consumer is much healthier than the Canadian consumer at the moment. However, this is one he would be looking at. Expect this will come up with good results. Raised the dividend last quarter, so there probably won’t be a bump this quarter.

HOLD
HOLD
June 21, 2016

Brexit affect on Canadian Banks? His view is that it will be a non-event. This bank is working its way more into the US, which he likes. Last acquisition was good and they seem to be hitting their stride.

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Brexit affect on Canadian Banks? His view is that it will be a non-event. This bank is working its way more into the US, which he likes. Last acquisition was good and they seem to be hitting their stride.

BUY
BUY
May 2, 2016

4.1% yield. The best performing bank recently. They did a good job of turning this bank around. He is impressed with how they are doing in Canada as well as internationally. He prefers BNS-T, however.

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4.1% yield. The best performing bank recently. They did a good job of turning this bank around. He is impressed with how they are doing in Canada as well as internationally. He prefers BNS-T, however.

COMMENT
COMMENT
April 26, 2016

Guardian Capital (GCG.A-T) sold its mutual fund to this bank in exchange for 5 million BMO shares in 2001, and have been sitting on them ever since. He has been Long Guardian and Short this bank since 2009, which was the equivalent of buying BMO for $.50 on the dollar. Since then Guardian has risen about 140% versus the 60% that BMO has. In pair trading, it is how they move relative to each other.

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Guardian Capital (GCG.A-T) sold its mutual fund to this bank in exchange for 5 million BMO shares in 2001, and have been sitting on them ever since. He has been Long Guardian and Short this bank since 2009, which was the equivalent of buying BMO for $.50 on the dollar. Since then Guardian has risen about 140% versus the 60% that BMO has. In pair trading, it is how they move relative to each other.

HOLD
HOLD
April 18, 2016

Banks often peak out in the early part of the year. A downtrend was broken. Resistance looks about $82. He is neutral to somewhat bullish on the banks. Hold it if you own it.

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Banks often peak out in the early part of the year. A downtrend was broken. Resistance looks about $82. He is neutral to somewhat bullish on the banks. Hold it if you own it.

COMMENT
COMMENT
April 5, 2016

(Market Call Minute.) This fits his model of wanting US exposure in a bank, but Toronto Dominion (TD-T) is #1 and Royal (RY-T) is #2 on that list.

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(Market Call Minute.) This fits his model of wanting US exposure in a bank, but Toronto Dominion (TD-T) is #1 and Royal (RY-T) is #2 on that list.

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