71.88 -0.23 (-0.32%)
After hours: 4:26PM EST
|Bid||69.55 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||85.95|
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.
TORONTO , Jan. 16, 2019 /CNW/ - BMO Financial Group today announced that it has been included in the Bloomberg Gender-Equality Index (GEI) for the fourth year in a row. "An inclusive culture and a workforce that reflects our diverse communities and customers are top priorities at BMO.
TORONTO , Jan. 16, 2019 /CNW/ - BMO Asset Management Inc. ("BMO AM") today announced that it intends to consolidate the units of certain commodity-based Exchange Traded Funds (the "ETFs") which trade on the Toronto Stock Exchange. After the close of trading on Friday January 25, 2019 , the units of the ETFs set out below will be consolidated on the basis of the ratios indicated (the "Consolidation Ratios"), and will begin trading on a post-consolidated basis on Monday, January 28, 2019 – the effective date of the consolidations.
TORONTO , Jan. 11, 2019 /CNW/ - BMO Investments Inc. today announced the launch of ETF Series units for the actively-managed BMO Tactical Dividend ETF Fund. BMO Tactical Dividend ETF Fund – ETF Series (Ticker:Ticker::ZZZD) provides investors access to a portfolio that protects investments and identifies tactical growth opportunities. The fund invests primarily in dividend-paying ETFs and also capitalizes on short-term investment strategies.
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.
New unit will integrate cyber security, fraud and physical security BMO's Anti-Money Laundering group, headed by Herbert Mazariegos , to work closely with Financial Crimes Unit TORONTO and CHICAGO , Jan. ...
(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.
NEW YORK , Dec. 21, 2018 /PRNewswire/ - Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced the quarterly coupon amount for the Dorsey Wright MLP Index ETNs due December 10, 2036 (NASDAQ:BMLP) (the "Notes"). ...
BMO Financial Group 2018 Environmental, Social and Governance Report and Public Accountability Statement Now Available Online
TORONTO and CHICAGO , Dec. 20, 2018 /PRNewswire/ - BMO Financial Group has published its 2018 Environmental, Social and Governance (ESG) Report. The report can be downloaded at https://corporate-responsibility.bmo.com/reports/ ...
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.
BMO Global Asset Management Announces Cash Distributions for Certain BMO Exchange Traded Funds and ETF Series
BMO Global Asset Management Inc. Announces Annual Reinvested Distributions for BMO Exchange Traded Funds and ETF Series