|Bid||105.48 x 0|
|Ask||105.49 x 0|
|Day's Range||105.08 - 105.73|
|52 Week Range||86.25 - 109.00|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||11.69|
|Earnings Date||May 29, 2019|
|Forward Dividend & Yield||4.00 (4.00%)|
|1y Target Est||109.92|
Magna International Inc (TSX:MG)(NYSE:MGA) and this other stock are great options for investors looking to buy and forget.
TORONTO , April 18, 2019 /CNW/ - BMO today announced that it has won two Celent Model Bank Awards: Payment Services Hub Implementation for BMO Payment Hub; as well as an Innovation Enablement Award for ...
TORONTO , April 18, 2019 /CNW/ - BMO Asset Management Inc. today announced the April 2019 cash distributions for BMO Exchange Traded Funds (BMO ETFs) that distribute monthly. Unitholders of record of the ...
"In recent days the stocks have behaved more like they did in the dark days of 2008-2010, when we were dealing with relentless EPS guidance cuts, a global stock market meltdown, a severe global economic recession, and a deeply unsettling ACA sausage-making process in D.C.," Stephens analyst Scott Fidel wrote in a note, after the insurance stocks, along with hospitals, lost $28 billion in market value on Tuesday. The S&P 500 Managed Health Care Index extended its slump on Wednesday, falling another 5.5 percent, led by losses in Anthem Inc., UnitedHealth Group Inc., Centene Corp. and Humana Inc. The benchmark is now down 13 percent for the year, significantly underperforming the broader market. Despite slashing their price targets on industry bellwether UnitedHealth as political concerns outweighed an earnings beat, some analysts -- chief among them those at Goldman Sachs -- remain optimistic that the sell-off will stop well before November 2020.
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / TORONTO , April 17, 2019 /CNW/ - Bank of Montreal (TSX, NYSE: BMO) today announced it has closed its domestic ...
Yields on 10-year notes rose to 2.585 percent on Tuesday, the highest level since the Federal Open Market Committee’s surprisingly dovish policy shift on March 20. The Fed’s revised projections for interest rates led traders to position more aggressively for a recession, sending 10-year yields as low as 2.338 percent on March 28. This has reassured investors that the Fed means what it says: It will be patient with its next move on rates after three years of hikes.
VANCOUVER , April 15, 2019 /CNW/ - BMO Financial Group today signed the UN Women's Empowerment Principles (WEPs), a joint initiative of UN Women and the UN Global Compact (UNGC). Darryl White , Chief Executive ...
Here’s why Canadian investors may want to cool off on Big Six bankers like Bank of Nova Scotia (TSX:BNS)(NYSE:BNS).
(Bloomberg) -- The bonds issued by Saudi Aramco in this week’s unprecedented offering sank for a second day, marking a quick sell-off that calls into question the depth of the deal’s $100 billion of investor orders.
Stocks like Canopy Growth Corp (TSX:WEED)(NYSE:CGC) may have unlikely allies in some of Canada’s biggest Bay Street bankers.
National Bank of Canada was quick to defend bank stocks shortly after Steve Eisman said this week he’s shorting Royal Bank of Canada, Canadian Imperial Bank of Commerce, and Laurentian Bank of Canada. Eisman, the money manager who foresaw the collapse of the U.S. housing market, is now predicting a “20 percent plus" decline for Canadian bank stocks as credit conditions “normalize” and loan losses jump.
BMO Capital Markets upgrades Walt Disney Co. to outperform and tells clients to expect 20% upside over the next 12 months.
TORONTO , NEW YORK , and LONDON , April 8, 2019 /CNW/ - BMO Capital Markets today announced that Deland Kamanga has been appointed Head, Global Trading Products, effective immediately. "Deland is ...
TORONTO, April 8, 2019 /CNW/ - Bank of Montreal (TSX, NYSE: BMO) today announced that, as a result of strong investor demand for its previously announced domestic public offering of Non-Cumulative 5-year Rate Reset Class B Preferred Shares Series 46 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares Series 46"), the size of the offering has been increased to 14 million shares. As announced earlier today, the offering will be underwritten on a bought deal basis by a syndicate led by BMO Capital Markets. The net proceeds from the offering will be used by the Bank for general banking purposes.
TORONTO, April 8, 2019 /CNW/ - Bank of Montreal (TSX:BMO.TO - News)(NYSE:BMO - News) today announced a domestic public offering of $250 million of Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 46 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares Series 46"). The offering will be underwritten on a bought-deal basis by a syndicate of underwriters led by BMO Capital Markets. The Bank has granted to the underwriters an option to purchase up to an additional $50 million of the Preferred Shares Series 46 exercisable at any time up to 48 hours before closing.
The prospects of recession will spook investors every time but Bank of Montreal (TSX:BMO)(NYSE:BMO) will always be a solid countermeasure against it.
(Bloomberg) -- President Donald Trump called on the Federal Reserve to open the monetary floodgates to turn the world’s largest economy into a “rocket ship.”
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the m...
Ratehub looked at how Canada’s five biggest banks compare when it comes to fees, charges, and exchange rates for foreign cash withdrawals.
Canadian Natural Resources Ltd (TSX:CNQ)(NYSE:CNQ) and another two top Canadian stocks might not be obvious picks for a TFSA retirement portfolio. Here's why that might change.
TORONTO — Bank of Montreal's chief executive Darryl White says economic growth in Canada is "moderating" but it's "no screeching halt" and the risk of a recession in the coming year is relatively low.White said Tuesday he estimates that by the back end of this year, the country's GDP growth will be in the range of 1.5 per cent."Are we experiencing some slowdown? Yes, but let's pay attention to the rate of change... It's moderating, it's not a screeching halt," he told reporters after BMO's annual meeting of shareholders."And when we look at employment rates, we look at inflation, they don't line us up to driving ourselves towards a recession."White's comments come after an analyst and short sellers recently heeded caution about the Canadian banking sector.Veritas analyst Nigel D'Souza said in late March that the Big Six banks' latest quarterly earnings were "underwhelming" and cautioned that the sector is likely facing an "inflection point" in the credit cycle. He said investors should reduce exposure ahead of "an acceleration of credit losses."As well, Steve Eisman, a senior portfolio manager at Neuberger Berman in New York, who was featured in the book and film The Big Short, recently reiterated his bet against the big Canadian banks, pointing towards the real estate sector.On Tuesday, White told shareholders and other annual meeting attendees that while BMO has seen some moderation in Canadian consumer loans and mortgages, this was both "healthy and expected" and credit quality continues to be "very good" in these consumer portfolios.While the performance of each housing market in Canada varies, there continues to be net growth, White told reporters.He said British Columbia, Saskatchewan and Alberta are seeing some weakness, while Toronto's market is "steadying" and the markets in Southern Ontario outside of Toronto, along with Ottawa and Montreal, are strong."You really have a diverse set of circumstances when you go across the country... On a blended basis across Canada, are we going to see a slowing consumer mortgage portfolio? For sure, relative to what we would have seen last year or the year before. But still growing," White told reporters.In response to the rising rhetoric targeting Canadian banks and the real estate sector, White noted that BMO's mortgage book is 44 per cent insured, and the uninsured portion has a more than 50 per cent loan-to-value ratio. And, among its peer group, BMO has the lowest exposure to the Canadian housing market, he added."I don't lose sleep over this question, personally... I think the market is a lot healthier than some people think it is."Overall, White said while expansion of the U.S. and Canadian economies has "slowed somewhat," as interest rates and low inflation persist, the bank is continuing to experience growth.He added in his speech that BMO remains confident in its medium-term target of earnings-per-share growth of seven to 10 per cent.In particular, the lender is continuing to benefit from its U.S. businesses, which over the last 12 months have accounted for 30 per cent of the bank's total earnings, White said in his speech.It's a percentage that Canada's fourth-largest lender by market value expects to be "steadily increasing.""We currently have only a very small share of the overall U.S. market... I like the way that opportunity looks for us," he told shareholders.Since 2012, the bank's U.S. segment has had a compound annual earnings growth rate of 17 per cent, largely organic growth, he added.BMO has a strong presence in the U.S. Midwest, reflecting its acquisition of Chicago-based Harris Bankcorp in 1984 and Milwaukee-based Marshall & Ilsley in 2011.White said Tuesday BMO is leveraging its U.S. position to continue growing, noting that roughly 50 per cent of the business comes from its core seven-state footprint anchored in the Midwest and the other half from elsewhere in the country."There's perhaps an impression that we're over indexed ... to the Midwest," he told reporters. "That's not the case."He anticipates broader growth from BMO's U.S. commercial business, which he said was "very scaleable," as well as its wealth and capital markets divisions south of the border."This isn't saying we're going to be all things to all people in all geographies in the United States," White told reporters.Although a U.S. bill that would allow banks to serve cannabis companies in states where legal is working its way through the legislative process, White said the bank will evaluate an expansion of its cannabis business south of the border once pot is federally legalized there."If we get through to the end of federal legislation, that's permissive, we'll look at it then," he said. "But we have nothing in our business plans today that is dependent on pushing our cannabis business into the United States." Companies in this story: (TSX:BMO)Armina Ligaya, The Canadian Press
These three downgraded stocks, including Cronos Group Inc. (TSX:CRON)(NASDAQ:CRON), might be too dangerous for you to handle.
Toronto-Dominion Bank (TSX:TD)(NYSE:TD) and Bank of Montreal (TSX:BMO)(NYSE:BMO) stock have benefitted from solid US growth over the past two years. That may all change as we look ahead to 2020.
General Electric Co on Tuesday reached a $49 million settlement to end a long-running lawsuit over its relationship with Thomas Petters, the Minnesota businessman serving a 50-year prison term for running a multibillion-dollar Ponzi scheme. The settlement between GE and a trustee for two bankrupt Florida investment funds known as Palm Beach Finance, who was seeking $651 million, was filed with the federal bankruptcy court in West Palm Beach, Florida. GE denied liability in agreeing to settle claims related to its General Electric Capital unit, one of Petters' lenders.