Bank of Montreal

BMO-T

TSE:BMO

66.66
3.32 (4.74%)
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
BUY
BUY
March 31, 2016

You are looking at their operations in the Midwest US. Harris has proved to be quite good for them. They have done well. Now you have US assets and an economy that is stronger than the Canadian one. 4.3% yield.

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You are looking at their operations in the Midwest US. Harris has proved to be quite good for them. They have done well. Now you have US assets and an economy that is stronger than the Canadian one. 4.3% yield.

COMMENT
COMMENT
March 31, 2016

Executing really well. Capital ratios are really good and were up 11% year-over-year in Q1. Their energy book looks really well contained relative to their peers. They have US exposure which is good. They are trading at a premium to the rest of the banks. This is definitely going to give you dividend growth over time. He would be more of a seller at these levels than a buyer, probably through selling Calls.

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Executing really well. Capital ratios are really good and were up 11% year-over-year in Q1. Their energy book looks really well contained relative to their peers. They have US exposure which is good. They are trading at a premium to the rest of the banks. This is definitely going to give you dividend growth over time. He would be more of a seller at these levels than a buyer, probably through selling Calls.

PAST TOP PICK
PAST TOP PICK
March 3, 2016

(Top Pick Mar 17/15, Up 4.35%) It has done quite well compared to the TSX. He looks for the cheapest of the lot of a group of stocks. This has worked out very nicely. Right now he does not particularly prefer this to the other Canadian Banks. He might prefer BNS-T or CM-T right now.

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(Top Pick Mar 17/15, Up 4.35%) It has done quite well compared to the TSX. He looks for the cheapest of the lot of a group of stocks. This has worked out very nicely. Right now he does not particularly prefer this to the other Canadian Banks. He might prefer BNS-T or CM-T right now.

PAST TOP PICK
PAST TOP PICK
February 8, 2016

(A Top Pick Feb 10/15. Up 1.34%.) *A Short paired with GCG.A Long*. The reason for this trade was that Guardian has sold its mutual fund business to BMO in exchange for $5 million of BMO shares.

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Bank of Montreal (BMO-T)
February 8, 2016

(A Top Pick Feb 10/15. Up 1.34%.) *A Short paired with GCG.A Long*. The reason for this trade was that Guardian has sold its mutual fund business to BMO in exchange for $5 million of BMO shares.

COMMENT
COMMENT
February 4, 2016

All the banks look fairly reasonable, and it’s just a matter of which ones you want to own. It has taken this one a long time to get any payback and reasonable return on investment on their ventures into the US. They recently had some good moves. Sold their retirement service business as well as some other non-core assets. Selling at a bit of a discount at 1.3X Book, where others are higher. If it got a lot cheaper, he would certainly be looking at it. Dividend yield of 4.5%.

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

All the banks look fairly reasonable, and it’s just a matter of which ones you want to own. It has taken this one a long time to get any payback and reasonable return on investment on their ventures into the US. They recently had some good moves. Sold their retirement service business as well as some other non-core assets. Selling at a bit of a discount at 1.3X Book, where others are higher. If it got a lot cheaper, he would certainly be looking at it. Dividend yield of 4.5%.

PAST TOP PICK
PAST TOP PICK
January 26, 2016

(A Top Pick March 17/15. Down 1.47%.) He is happy with this one.

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Bank of Montreal (BMO-T)
January 26, 2016

(A Top Pick March 17/15. Down 1.47%.) He is happy with this one.

COMMENT
COMMENT
January 15, 2016

Canadian Banks are in a conundrum right now. They are not growing the way they should be growing, because parts of their business has dried up. Capital markets activity is not great and the mortgage business is starting to slow down. Some banks are starting to lay people off which is not a good sign as it means they’ve got cost overruns. Just own one of the banks. This one would rank 4th or 5th of the top 5, and only because they have always been trying to reinvent themselves.

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Bank of Montreal (BMO-T)
January 15, 2016

Canadian Banks are in a conundrum right now. They are not growing the way they should be growing, because parts of their business has dried up. Capital markets activity is not great and the mortgage business is starting to slow down. Some banks are starting to lay people off which is not a good sign as it means they’ve got cost overruns. Just own one of the banks. This one would rank 4th or 5th of the top 5, and only because they have always been trying to reinvent themselves.

PAST TOP PICK
PAST TOP PICK
January 8, 2016

(A Top Pick Oct 9/15. Down 1.6%.) Canadian banks tend to run up into their earnings. Between Oct 10 and Dec 1, this tends to gain about 5.1% on average. It has been positive in 15 of the past 19 years. During the current period of seasonal strength, it actually gained 6.6%, so it exceeded the average.

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Bank of Montreal (BMO-T)
January 8, 2016

(A Top Pick Oct 9/15. Down 1.6%.) Canadian banks tend to run up into their earnings. Between Oct 10 and Dec 1, this tends to gain about 5.1% on average. It has been positive in 15 of the past 19 years. During the current period of seasonal strength, it actually gained 6.6%, so it exceeded the average.

HOLD
HOLD
January 4, 2016

It had been a 5th favourite of the big 5 for some time. It has some US exposure. They bought a bank in the US. He prefers TD-T and his Top Pick today in banks. The Canadian housing bubble is a huge risk. He thinks CM-T will be the best performing when energy turns.

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

It had been a 5th favourite of the big 5 for some time. It has some US exposure. They bought a bank in the US. He prefers TD-T and his Top Pick today in banks. The Canadian housing bubble is a huge risk. He thinks CM-T will be the best performing when energy turns.

HOLD
HOLD
December 17, 2015

One of three banks she holds. She would not sell here even though banks have not done well. It is the overhang of the impact of oil. She thinks the Economy will slowly improve going into 2016. They increased the dividend slightly with record profits. Earnings will continue to grow although not as much as previously. There is a view that we won’t see the full impact of low energy prices until next year.

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Bank of Montreal (BMO-T)
December 17, 2015

One of three banks she holds. She would not sell here even though banks have not done well. It is the overhang of the impact of oil. She thinks the Economy will slowly improve going into 2016. They increased the dividend slightly with record profits. Earnings will continue to grow although not as much as previously. There is a view that we won’t see the full impact of low energy prices until next year.

COMMENT
COMMENT
December 4, 2015

Has been buying this recently on the dips. They have a US presence. A relatively conservative bank. You are going to get safe dividends with the banks.

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Bank of Montreal (BMO-T)
December 4, 2015

Has been buying this recently on the dips. They have a US presence. A relatively conservative bank. You are going to get safe dividends with the banks.

COMMENT
COMMENT
November 18, 2015

International investors are cool to Canadian banks right now. They are worried about our housing market and exposure to the oil patch. This gives tremendous buying opportunities. This bank is interesting because coming out of the great recession they made a big acquisition in the American Midwest, and that has worked out pretty well for them. Still not on his list because he doesn’t see anything special about it.

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Bank of Montreal (BMO-T)
November 18, 2015

International investors are cool to Canadian banks right now. They are worried about our housing market and exposure to the oil patch. This gives tremendous buying opportunities. This bank is interesting because coming out of the great recession they made a big acquisition in the American Midwest, and that has worked out pretty well for them. Still not on his list because he doesn’t see anything special about it.

TOP PICK
TOP PICK
November 5, 2015

It is one of the good looking charts within the banks. He chose it because it does not have a lot of South American exposure.

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Bank of Montreal (BMO-T)
November 5, 2015

It is one of the good looking charts within the banks. He chose it because it does not have a lot of South American exposure.

COMMENT
COMMENT
November 4, 2015

Our banks have been laggards this year. There is concern about earnings growth and dividend growth slowing down. Banks are wonderful dividend payers. The issues that are not coming to the table are slow growth and what did he do with their tier 1 capital ratios. You should have a good chunk of your portfolio in banks. (See Top Picks.)

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Bank of Montreal (BMO-T)
November 4, 2015

Our banks have been laggards this year. There is concern about earnings growth and dividend growth slowing down. Banks are wonderful dividend payers. The issues that are not coming to the table are slow growth and what did he do with their tier 1 capital ratios. You should have a good chunk of your portfolio in banks. (See Top Picks.)

BUY
BUY
October 30, 2015

Bank of Nova Scotia (BNS-T) or Bank of Montréal (BMO-T)? Has no preference of one over the other. Characteristics are slightly different. If you have sufficient assets, you should hold both.

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Bank of Montreal (BMO-T)
October 30, 2015

Bank of Nova Scotia (BNS-T) or Bank of Montréal (BMO-T)? Has no preference of one over the other. Characteristics are slightly different. If you have sufficient assets, you should hold both.

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