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Bank of Montreal T.BMO

Alternate Symbol(s):  BMO | N.ZOCT | CARU | FNGO | T.BMO.PR.E | T.BMO.PR.W | FNGU | T.BMO.PR.Y | N.BGDV | N.ZEBA | CARD | FNGD | N.ZUEA

Bank of Montreal (BMO) is a Canada-based company, which offers a wide range of personal banking services. The Company is engaged in providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to customers across Canada, the United States, and in select markets globally. The Company offers services, such as bank accounts, credit cards, mortgages, loans, investments, creditor insurance, and travel insurance. The Company’s segments include P&C, U.S. P&C, Total P&C, BMO Wealth Management, BMO Capital Markets, and Corporate Services. Its bank accounts include checking accounts, and savings accounts. Its credit card services include no fee, low interest, cash back, BMO Rewards, AIR MILES, travel, and lifestyle. Its credit cards include BMO eclipse Visa Infinite Card, BMO Ascend World Elite Mastercard, BMO eclipse Visa Infinite Privilege Card, BMO Preferred Rate Mastercard and BMO CashBack Mastercard.


TSX:BMO - Post by User

Comment by Ocalamanon Jul 30, 2024 10:42am
321 Views
Post# 36154329

RE:Bmo

RE:BmoRBC issued an update this morning and roasted them over credit provisions , I listened to thier last earning call and Mihelic roasted them on the lack of clairty for the increases. His previous taget dropped to 124 at that point and this morning he dropped it again to 118 ( from OP to SP).After doing some research I see they have some issues with GE Leasing ( big rig financing) and an undisclosed CRE loan n the USA they did not disclose specifics during the call but thier risk management rep said they are workng through the issue now.I think I now understand why the stock dropped so much last month when the Dodd Franks stress test results were released and BMO rated very bady, the stock then immeditly dropped to 114 , I did buy some there and just sold at 121 the other day.I did go back in this morning but just a toe in the water move. If you are interested there is an AI driven search engine called Perplexity that will give you much more clarity on search topics.
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