|Bid||0.00 x 800|
|Ask||70.95 x 1200|
|Day's Range||66.67 - 67.51|
|52 Week Range||66.60 - 84.71|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||10.93|
|Forward Dividend & Yield||3.02 (4.32%)|
|1y Target Est||N/A|
TORONTO—Canadian banks are tapping the brakes on their merger-fueled U.S. expansion. Executives at Canada’s largest lenders, which have just wrapped up their fiscal-fourth-quarter earnings season, said U.S. targets are pricey, making them leery of doing deals in their fastest-growing market. If there are no acquisitions by Canadian banks in the rest of this month, 2018 will mark the first year since 2014 that Canada’s banks have not bought any U.S. retail lenders, according to Dealogic.
Canadian Imperial Bank of Commerce and Royal Bank of Canada had the biggest gains in performance-based pay, while Bank of Nova Scotia had the smallest, the filings show. “This year is going to be a polarizing one, where some firms pay well and others do not,” said Bill Vlaad, president of Vlaad & Co., a Bay Street recruitment firm that monitors compensation trends.
The latest UK political drama has shaken up the pound yet again, but the currency is still trapped in its narrow holding pattern, with some describing it as “impossible to trade” before investors have clear certainty on how Brexit will develop. The repeated failure of the pound to carve out meaningful direction either higher or lower indicates that investors are still in the dark on how the divorce from the EU will develop, with all options from no deal to no Brexit still seemingly in play.
Bank of Montreal warned that economic growth would slow in its key markets of Canada and the United States next year after reporting fourth-quarter earnings which were modestly ahead of market forecasts. Canadian banks have warned that global economic uncertainty and trade tensions could hurt their performance in 2019, citing the U.S.-China trade war and strains in the energy and automotive manufacturing sectors. "We think GDP (gross domestic product) growth in both Canada and the U.S. will be 30 to 40 basis points lower next year," BMO's Chief Financial Officer Tom Flynn said in an interview.
Canada's main stock index fell on Tuesday, led by healthcare shares, while market sentiment was hurt by fading hopes of a swift resolution to the U.S.-China trade dispute. * At 9:34 a.m. ET , the Toronto ...
(Bloomberg) -- Bank of Montreal has long seen its U.S. loan growth slanted more toward businesses than individual consumers, a focus that helped the lender post record earnings in its fiscal fourth quarter.The owner of Chicago-based BMO Harris Bank said commercial lending rose in the three months ended Oct. 31, with balances from the U.S. division jumping 10 percent to $59 billion, Bank of Montreal said Tuesday in its earnings statement.
Bank of Montreal (BMO) delivered earnings and revenue surprises of 1.71% and 3.57%, respectively, for the quarter ended October 2018. Do the numbers hold clues to what lies ahead for the stock?
Bank of Montreal (TSE:BMO) is a large-cap stock operating in the financial services sector with a market cap of CA$63b. As major financial institutions return to health after the Global Read More...
China’s currency has roared higher in its most dramatic two-day rise in more than a decade after the country reached an apparent ceasefire in its trade skirmish with America, combined with a bout of weakness in the US dollar. The onshore renminbi, which trades on China’s domestic markets, has appreciated by 1.8 per cent during the first two days to this week, according to Refinitiv data. China’s yuan has been propelled this week by a duo of tailwinds, according to Stephen Gallo, European head of currencies strategy at BMO.
Bank of Montreal (BMO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Let’s talk about the popular Bank of Montreal (TSE:BMO). The company’s shares saw significant share price volatility over the past couple of months on the TSX, rising to the highs Read More...
The Bloomberg Dollar Spot Index sank 0.5 percent and two-year Treasury yields dropped to the lowest since October after Clarida told CNBC that the Fed is getting closer to neutral and that there is “some evidence” that the world economy is slowing.
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Bank of Montreal owned $73 million in U.S.-listed pot stocks at the end of the third quarter. CIBC and U.S. Bancorp owned $5 million and $2 million, respectively.
It has been almost a week since Aurora Cannabis (NYSE:ACB) started trading on the NYSE. As one of Canada’s largest cannabis companies, ACB stock, like most of the big players in the space, has seen a significant correction in October. ACB itself is down 26% in October through Oct. 26, and 43% from its Oct. 16 all-time high, hit the day before marijuana became legal in Canada.
Important news for shareholders and potential investors in Bank of Montreal (TSE:BMO): The dividend payment of CA$0.96 per share will be distributed to shareholders on 27 November 2018, and the Read More...
The Bank of Canada on Wednesday raised interest rates as expected and said it might speed up the pace of future hikes given the economy was running at almost full capacity and did not need any stimulus. The bank has long fretted about Canadians' ability to cope with higher borrowing costs.