71.88 -0.23 (-0.32%)
After hours: 4:26PM EST
|Bid||67.44 x 1300|
|Ask||89.15 x 800|
|Day's Range||71.22 - 72.37|
|52 Week Range||62.79 - 84.71|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||11.74|
|Forward Dividend & Yield||3.02 (4.32%)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has assigned a provisional (P)Aaa (sf) rating to the Class A Notes, a provisional (P)Aa3 (sf) rating to the Class B Notes, and a provisional (P)Baa1 (sf) to the Class C Notes of the Series 2019-1 to be issued by Master Credit Card Trust II (the trust), sponsored by Bank of Montreal (BMO, long-term deposits/long-term senior unsecured Aa2 stable, long-term CR assessment Aa2(cr), short-term deposit P-1, and BCA a3). The ratings are based on the quality of the underlying credit card receivables, the expertise of BMO as servicer, the transaction's legal and structural protections including early amortization trigger events, the credit enhancement provided by the subordinate Class B and Class C notes in the 2019-1 series, and the likelihood of the sponsor becoming insolvent and shutting down its credit card portfolio.
Powell speaks today at the Economic Club of Washington D.C. (here’s our preview), his first speech since those well-received comments on Jan. 4, but what could he possibly say, or walk back even further, that could stoke the market again? In other words, don’t be surprised if this turns into a sell-the-news event, even with five other Fed speakers scheduled to relay comments at various points during the day. For what it’s worth, the economics team over at Goldman Sachs, led by Jan Hatzius, wrote in a note to clients last night that even though the market is pricing in a roughly 50% chance of recession over the next year, the risk is actually much lower than that:"We use statistical models introduced by Fed researchers to translate two market measures — the slope of the yield curve and credit spreads — into a market-implied recession probability.
(Bloomberg) -- Macro is clearly trumping micro at the moment. Apple’s uncharacteristic forecast cut could have had a devastating and lasting impact on the stock market, and probably would have if it were the only show in town.
Employment eked out a small gain of 9,300 for the month, after a record gain of 94,100 in November. Full-time employment fell in December for the first time in three months, and wages remain sluggish. “Overall, what we’re left with is an economy that remains very close to full employment, that’s now grinding out job gains roughly in line with labor force growth, and yet wage gains are just managing to roughly track underlying inflation,” Doug Porter, chief economist at Bank of Montreal, said in a note to investors.
Meanwhile, the yield on Germany’s benchmark notes fell the most since May after manufacturing sectors in Italy and France shrank. The yield on 10-year Treasuries fell as much as four basis points to 2.65 percent, the lowest since Jan. 26. The move follows a tumultuous December that saw more than 30 basis points wiped off the 10-year rate amid a sell-off in stocks, holiday-thinned trading and a repricing of expectations around Federal Reserve interest-rate increases.
Government-mandated production cuts and the potential startup of a key crude pipeline are among key developments to watch for next year. While the announcement of production curtailments by Premier Rachel Notley has succeeded in lifting Canadian crude prices from record lows even before their implementation starts next month, the province’s ability to wind down that policy without crashing the market will be crucial. The government will then work to match production with transportation and storage policy, reviewing the levels every month.
Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ a complex analysis to determine the best stocks to invest in. A particularly […]
Moody's has reviewed the following ABCP programs in conjunction with the described amendments. At this time the amendments, in and of themselves, will not result in any rating impact on the respective program's ABCP. Moody's does not believe they will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.
There has been a considerable increase in the number of analysts tracking Illinois Tool Works (ITW) in the past six months. Currently, 21 analysts are actively tracking the stock. Among the analysts, 19% recommended a “buy,” 67% recommended a “hold,” and 5% recommended a “sell.” Investors follow analysts’ recommendations and views to track stock price trends.
Output grew 0.3 percent in October, Statistics Canada said Friday from Ottawa, faster than the median forecast in a Bloomberg economist survey of 0.2 percent. The highest volume of trading since March 2016 on Canada’s benchmark stock exchange in Toronto also boosted the finance and insurance industry by 0.9 percent. The GDP report is the last one Bank of Canada policy makers will see before they set interest rates and update their quarterly forecasts on Jan. 9.
Moody's has reviewed the following ABCP programs in conjunction with the proposed addition and amendment. At this time the addition and amendment, in and of themselves, will not result in any rating impact on the respective program's ABCP. Moody's does not believe they will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.
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.
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 ...
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...
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.