Post by
vonSachsenanhal on Feb 16, 2023 11:32am
Just got a call from BMO Investorline re Bombardier margin
They still will not give ANY margin on Bombardier stock! They say they don't feel "comfortable" with the stock. Huh? Their own analyst has a $75 price target. What drugs are these people on?
Happily, I've already opened a new margin acount at RBC and my Bomber stock will be in it in days. BTW, I am not buying anymore stock. I only need my margin as a revolving line of credit which is at a pretty decent 8% at RBC right now.
Comment by
Acuras1 on Feb 16, 2023 12:29pm
Just a quick note and speaking from experience, most firms will limit margin percentage if your account has Bombardier as it's main holding. hope it gets sorted, cheers
Comment by
vonSachsenanhal on Feb 16, 2023 2:22pm
Thanks Acuras, I already am moving my stock out of BMO to RBC. It and virtually all other Canadian banks have been giving margin on bbd.b for quite some time now. Zero margin from BMO is totally unbelievable!
Comment by
naissance17 on Feb 16, 2023 12:40pm
Disnat (Desjardins) has no fees and margin at $3 stock
Comment by
stockitnow on Feb 16, 2023 3:35pm
This is a good example of not listening to the analysts. The very people who pay them dont listen to them. I never have and never will listen and react to their targets. The only rating to look for is for bond rating by Moody's, Standard & Poor's, and Fitch.