|Bid||98.74 x 0|
|Ask||98.78 x 0|
|Day's Range||98.57 - 99.17|
|52 Week Range||83.58 - 104.15|
|PE Ratio (TTM)||12.08|
|Forward Dividend & Yield||3.60 (4.05%)|
|1y Target Est||N/A|
Canada's banking regulator on Tuesday finalized tougher new rules on mortgage lending aimed at safeguarding lenders and borrowers, but warned the measures could push some borrowers into the arms of unregulated private lenders. The Office of the Superintendent of Financial Institutions (OSFI) said rules on mortgage lending that require stress tests on uninsured mortgages and an end to practices designed to circumvent lending limits will take effect at the beginning of next year.
Canada's banking watchdog said on Tuesday it will introduce new rules on mortgage lending next year, requiring stress tests on uninsured mortgages and cutting out practices designed to circumvent lending ...
Rating Action: Moody's assigns definitive ratings to CPART 2017-1, Bank of Montreal sponsored Canadian prime auto loan transaction. Global Credit Research- 11 Oct 2017. Toronto, October 11, 2017-- Moody's ...
A Canadian seafood supplier and distributor will acquire Houston-based Omega Protein Corp. (OME) in a deal valued at $500 million. New Brunswick, Canada-based Cooke Inc. will buy Omega Protein for $22 per share in cash, according to a press release . "We are very pleased to sign this agreement with Omega Protein," Glenn Cooke, CEO of Cooke Inc., said in the release.
Bank of Montreal and Toronto-Dominion Bank are emerging as the banks of choice for Canada’s burgeoning marijuana industry, even as some lenders shun the sector.
Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA have joined an initiative launched by UBS Group AG and IBM Corp aimed at building blockchain-based technology to support trade finance transactions. The platform called Batavia would help banks and their clients automate the trade finance process, which remains highly manual and paper-based, the participating companies said on Wednesday.
Malaysian state energy firm Petroliam Nasional Berhad, or Petronas, is looking to sell some oil and gas assets owned by its Canadian unit Progress Energy, its adviser BMO Capital Markets said. The potential sale marks a further retreat by Petronas in Canada after it scrapped plans for a $29 billion liquefied natural gas export project in British Columbia in July. "BMO Capital Markets has been engaged by Progress Energy to assist with the sale of its Deep Basin assets in Alberta," the bank said on its website under a section on deals it was working on.
Canadian debt issuance climbed 12 percent to a record in the first nine months of 2017, helped by deals from Canada Housing Trust and a major maple bond from Apple Inc, bucking a weak trend in M&A and equity deals as Canadian companies slowed the pace of their outbound dealmaking. Debt deal volumes rose to C$140.5 billion ($112.4 billion) in the period, while M&A and equity deals dropped more than a fifth, according to Thomson Reuters data released on Tuesday. High valuations and uncertainty surrounding U.S. regulations and trade policies held back Canadian buyers from acquiring overseas assets, bankers said.
New rules designed to cut out risky mortgage lending will be finalised this month and implemented two to three months later, Canada's top banking regulator said on Tuesday. Jeremy Rudin, Canada's Superintendent of Financial Institutions, said in a speech his organisation was taking pre-emptive action to reduce the risks arising from high household debt across the country and frothy housing markets. The Office of the Superintendent of Financial Institutions (OSFI) proposed in July that it introduce a stress test for all uninsured mortgages and ban "bundled" mortgages, where federally regulated lenders team up with unregulated rivals to bypass rules on lending limits.
Bank of Montreal’s (TSX:BMO) most recent return on equity was a substandard 13.08% relative to its industry performance of 14.23% over the past year. BMO’s results could indicate a relativelyRead More...
Rating Action: Moody's assigns provisional ratings to CPART 2017-1, Bank of Montreal sponsored Canadian prime auto loan transaction. Global Credit Research- 28 Sep 2017. Toronto, September 28, 2017-- Moody's ...
This could indicate that investors who seek to profit from falling equity prices are not currently targeting BMO. Over the last one-month, outflows of investor capital in ETFs holding BMO totaled $278 million.
Bank Of Montreal (BMO) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
Bank of Montreal (TSX:BMO) is currently trading at a trailing P/E of 11.3x, which is lower than the industry average of 12.1x. Although some investors may jump to the conclusionRead More...
Canada's three biggest lenders said the Bank of Canada's decision to raise interest rates on Wednesday would boost their profits over the next year, although one executive warned the central bank not to lift rates too quickly. The Bank of Canada surprised many when it hiked rates and left the door open to more rate increases in 2017 even as it pledged to pay attention to how higher borrowing costs would hit Canada's indebted households.