Bank Of Montreal (Preferred)

BMO.PR.T-T

Analysis and Opinions about BMO.PR.T-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
January 23, 2015

(A Top Pick Sept 8/14. Down 0.77%.) BMO Floating Rate Preferred Share Series 17. Shouldn’t be volatile except when the bank of Canada rate drops. It was up on the year, but as soon as the interest rate cut came in, it dropped. This was a defensive strategy for people who thought rates were going to go up. It is still a pretty good substitute for a Money Market type of return, plus you get the dividend tax credit.

Show full opinionHide full opinion

(A Top Pick Sept 8/14. Down 0.77%.) BMO Floating Rate Preferred Share Series 17. Shouldn’t be volatile except when the bank of Canada rate drops. It was up on the year, but as soon as the interest rate cut came in, it dropped. This was a defensive strategy for people who thought rates were going to go up. It is still a pretty good substitute for a Money Market type of return, plus you get the dividend tax credit.

TOP PICK
TOP PICK
September 8, 2014

BMO Floating Rate Preferred Share Series 17 (BMO.PR.R-T) This is more of a defensive play. It can be Called at any time at $25. This came with the reset spread of 165, so you are getting a T-bill rate, which is around 1%, +165 basis points, 265 for basically a money market piece of paper. If rates go up, you are going to get more money.

Show full opinionHide full opinion

BMO Floating Rate Preferred Share Series 17 (BMO.PR.R-T) This is more of a defensive play. It can be Called at any time at $25. This came with the reset spread of 165, so you are getting a T-bill rate, which is around 1%, +165 basis points, 265 for basically a money market piece of paper. If rates go up, you are going to get more money.

Showing 1 to 2 of 2 entries
  • «
  • 1
  • »

Bank Of Montreal (Preferred)(BMO.PR.T-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Bank Of Montreal (Preferred) is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bank Of Montreal (Preferred)(BMO.PR.T-T) Frequently Asked Questions

What is Bank Of Montreal (Preferred) stock symbol?

Bank Of Montreal (Preferred) is a OTC stock, trading under the symbol BMO.PR.T-T on the (). It is usually referred to as or BMO.PR.T-T

Is Bank Of Montreal (Preferred) a buy or a sell?

In the last year, there was no coverage of Bank Of Montreal (Preferred) published on Stockchase.

Is Bank Of Montreal (Preferred) a good investment or a top pick?

Bank Of Montreal (Preferred) was recommended as a Top Pick by Randy LeClair on 2015-01-23. Read the latest stock experts ratings for Bank Of Montreal (Preferred).

Why is Bank Of Montreal (Preferred) 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 (Preferred) worth watching?

In the last year, there was no coverage of Bank Of Montreal (Preferred) published on Stockchase.

What is Bank Of Montreal (Preferred) stock price?

On , Bank Of Montreal (Preferred) (BMO.PR.T-T) stock closed at a price of $.