Is there a Bearish outlook for Bank of Montreal (NYSE:BMO) this week?

January 12, 2018 - By Michael Collier

 Is there a Bearish outlook for Bank of Montreal (NYSE:BMO) this week?

Bank of Montreal (NYSE:BMO) Ratings Coverage

Among 12 analysts covering Bank Of Montreal (NYSE:BMO), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. Bank Of Montreal had 28 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Wednesday, August 24 with “Sector Perform”. TD Securities upgraded the stock to “Buy” rating in Wednesday, December 2 report. The firm has “Underperform” rating given on Tuesday, October 4 by Credit Suisse. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, December 7. The firm earned “Buy” rating on Thursday, June 1 by TD Securities. As per Wednesday, August 26, the company rating was maintained by Scotia Capital. Canaccord Genuity downgraded Bank of Montreal (NYSE:BMO) on Thursday, May 26 to “Hold” rating. On Wednesday, September 21 the stock rating was initiated by Dundee Securities with “Neutral”. The stock of Bank of Montreal (NYSE:BMO) has “Buy” rating given on Thursday, May 18 by Citigroup. The firm earned “Sector Perform” rating on Wednesday, August 26 by National Bank Canada. Below is a list of Bank of Montreal (NYSE:BMO) latest ratings and price target changes.

29/08/2017 Broker: Canaccord Genuity Rating: Hold New Target: $102.0 Maintain

The stock increased 0.24% or $0.2 during the last trading session, reaching $81.94. About 175,064 shares traded. Bank of Montreal (NYSE:BMO) has risen 10.44% since January 12, 2017 and is uptrending. It has underperformed by 6.26% the S&P500.

Bank of Montreal provides diversified financial services primarily in North America. The company has market cap of $52.27 billion. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. It has a 12.91 P/E ratio. The companyÂ’s personal banking services and products include checking and savings accounts, credit cards, mortgages, creditor insurance, and financial and investment advice; and commercial banking services and products comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.

More notable recent Bank of Montreal (NYSE:BMO) news were published by: Livetradingnews.com which released: “Bank of Montreal (USA) (NYSE:BMO) Mixed Signals” on December 05, 2017, also Fool.ca with their article: “Bank of Montreal: Investors Should Own This Banking Stock” published on November 09, 2017, Bloomberg.com published: “Bank of Montreal’s Next Chief Sees Right Conditions for US Push” on April 07, 2017. More interesting news about Bank of Montreal (NYSE:BMO) were released by: Fool.ca and their article: “Why Bank of Montreal Is a Great Investment Right Now” published on August 18, 2017 as well as Bloomberg.com‘s news article titled: “Bank of Montreal Braces for Loan Losses as US Growth Ebbs” with publication date: May 24, 2017.

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