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Bullboard - Stock Discussion Forum Bank of Montreal T.BMO

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

Bank of Montreal (the Bank) is a North American bank. The Bank provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services. The Bank serves about 13 million customers across North America, and in select markets globally, through three integrated operating groups: Personal and Commercial Banking (P&C), BMO Wealth... see more

TSX:BMO - Post Discussion

Bank of Montreal > BMO... Top Pick
View:
Post by zack50 on Nov 23, 2021 8:57am

BMO... Top Pick

BofA’s preview of Canadian bank earnings features an upgrade for Toronto-Dominion Bank a downgrade for Royal Bank of Canada, and Bank of Montreal listed as top pick.

" Group valuation at 11.2x/10.8x 2022/23e EPS and 1.6x YE22e P/Book in reasonable territory ahead of a pick-up in customer activity, rising interest rates, start of a new dividend hike cycle and buybacks … The current situation is ideal for TD to outperform given the optionally from rising interest rates (Schwab offers an added kicker), rebounding credit card balances and excess capital. Moreover, we believe that the recent reshuffle in leadership ranks could energize strategy execution (significant market share opportunity in the US, capital markets). We also consider TD as well positioned to strike a potential bank M&A deal in the US … we view RBC-RY as a best-in-class franchise and one that is particularly well positioned for an increasingly digital banking world, we see the lack of idiosyncratic catalysts combined with a premium valuation as limiting the potential for stock outperformance … BMO continues to offer an attractive risk/reward given the potential for superior top line revenue/loan growth and management’s laser focus on ROE optimization. We think BMO is also likely to announce among the larger dividend increases given a low payout ratio (33% of FY21e EPS) vs management’s approx. 45% target… …LatAm concerns mostly baked into Scotia-BNS”

Comment by Maxmoe on Nov 25, 2021 11:09am
Whatever happened to those bashing loudmouth New York hedgies that were shorting all the cdn banks?  Schmucks. A round of stock splits is also in order. 40 to 50 seems be the the sweet spot for all the banks , so 3:1 for bmo.
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