Summer Sale

50% off Premium Yearly

00days
00hrs
00mins
00secs

TSE:BMO

Bank of Montreal (BMO.TO)

242.43
+0.91 (0.38%)
as of Jun 19, 2026, 8:00:00 pm Market Open.
738 watching
0
HOLD

Hold these companies. They can continue to increase the dividends. BMO-T is his least favourite of the big 5 right now. Their US business is not as stable as TD-T's. This is the one he has been trimming recently.

COMMENT

This and TD-T are not two of the banks he not is invested in. You always have to look at what businesses they are in. Both grew significantly in the US. He prefers BMO-T over TD-T because it has less premium to book value than TD-T is selling at.

WEAK BUY

Great franchise in the US, but not as good as TD's. Canadian franchise has always lagged TD and Royal. Canadian banks are suffering due to real estate and debt worries. Great dividend, can own for the long term, an oligopoly. Prefers the other two.

WEAK BUY

The Canadian banks are very cheap now, but net interest margins are a headwind. He sees 5% EPS growth with a decent dividend. Toronto's housing report in July had an uptick, which is encouraging. BMO has some US exposure, but he prefers TD and RY given more US exposure.

DON'T BUY
His 4th or 5th choice among Canadian banks. It isn't special. Their recent American acquisition went okay for them. BMO is merely okay. He has no problem with the sector though.
PAST TOP PICK
(A Top Pick Jul 26/18, Down 1%) Still cheap. Favourable business mix. Still a good place to be.
DON'T BUY
They've had trouble growing internationally, but that's improving. He prefers TD and RY, whcih have more American exposure, but BMO's valuation is in line with its peers. BMO has struggled to perform and he doesn't know why.
BUY
He holds some small amounts of this stock. All the banks in Canada have a negative bias towards the pessimism in Canadian real estate. The dividend is safe. They are expanding the US mid-west and they are doing well there. A good long term investment at these levels. Yield 4.2%
HOLD
Last fall, it got hit especially hard to $90, but has rebounded to around $105. Has the richest valuation of the big 5. But they are doing a great job. They're a steady eddy, not doing acquisitions, and sticking to their core business--and that's fine. He sold BMO and bought CIBC because it pays a higher divdend. Otherwise, you can hold this.
SELL
Just sold his holding yesterday. Still likes financials, but prefers insurance or mixed use like Fairfax. Seasonality and headlines re housing mean banks are a bit of dead money. Better use of money elsewhere. Short-term, downside risk is about $95.
COMMENT

Rotation from small-cap banks into large ones? He doesn't see a correlation. BMO itself was the highest flyer in 2018 until it got hit hard in Q4, and now it's back in the middle of the big 5 Canadian banks. He's been gradually selling off BMO (he owns 4 of the 5 banks). BMO is executing well in capital markets and the U.S., but its valuation in neutral.

COMMENT
BMO or BNS? He slightly favours BNS. But BMO is still a good company. All the top 5 Canadian banks are solid. BMO may lag behind is some areas. At these prices, both are good value.
DON'T BUY
He didn't understand their U.S. strategy though he does now. Even still, BMO doesn't stand out to him. It's his least-favourite Canadian bank and hasn't owned it for years. Look at BNS or TD instead (he owns them).
DON'T BUY
This is too big for him, since he invests in small/mid-caps. Canadian consumers are levered up, so he doesn't buy Canadian banks. He prefers TD.
BUY
Their highs and lows are getting higher, which is good. It's better-run than, say, CIBC. Seasonality is coming for Canadian banks. He expects BMO is hit its $109 high.
Showing 76 to 90 of 877 entries