|Bid||78.85 x 1200|
|Ask||78.95 x 1100|
|Day's Range||78.53 - 79.05|
|52 Week Range||62.79 - 84.36|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||12.84|
|Forward Dividend & Yield||3.05 (4.07%)|
|1y Target Est||85.95|
BMO Asset Management Inc. Announces Cash Distributions for Certain BMO Exchange Traded Funds
"In recent days the stocks have behaved more like they did in the dark days of 2008-2010, when we were dealing with relentless EPS guidance cuts, a global stock market meltdown, a severe global economic recession, and a deeply unsettling ACA sausage-making process in D.C.," Stephens analyst Scott Fidel wrote in a note, after the insurance stocks, along with hospitals, lost $28 billion in market value on Tuesday. The S&P 500 Managed Health Care Index extended its slump on Wednesday, falling another 5.5 percent, led by losses in Anthem Inc., UnitedHealth Group Inc., Centene Corp. and Humana Inc. The benchmark is now down 13 percent for the year, significantly underperforming the broader market. Despite slashing their price targets on industry bellwether UnitedHealth as political concerns outweighed an earnings beat, some analysts -- chief among them those at Goldman Sachs -- remain optimistic that the sell-off will stop well before November 2020.
Yields on 10-year notes rose to 2.585 percent on Tuesday, the highest level since the Federal Open Market Committee’s surprisingly dovish policy shift on March 20. The Fed’s revised projections for interest rates led traders to position more aggressively for a recession, sending 10-year yields as low as 2.338 percent on March 28. This has reassured investors that the Fed means what it says: It will be patient with its next move on rates after three years of hikes.
BMO Financial Group Becomes First Canadian Bank to Sign The UN Women's Empowerment Principles
BMO Global Asset Management has appointed Jürgen Florack as managing director and head of sales for institutional clients in Germany. Mr Florack succeeds Claus Heidrich who is retiring. BMO Global Asset ...
(Bloomberg) -- The bonds issued by Saudi Aramco in this week’s unprecedented offering sank for a second day, marking a quick sell-off that calls into question the depth of the deal’s $100 billion of investor orders.
Moody's Investors Service ("Moody's") has assigned provisional ratings of (P)P-1 (sf) to the Class A-1 notes, (P)Aaa (sf) to the Class A-2a, A-2b, A-3 and A-4 notes, (P)Aa3 (sf) to Class B notes and (P)Baa2 (sf) to Class C notes to be issued by Canadian Pacer Auto Receivables Trust 2019-1 (CPART 2019-1). This is the fourth term auto loan-backed transaction sponsored by Bank of Montreal (BMO). The ratings are primarily based on an analysis of the credit quality of the collateral pool and its expected performance, the servicing ability of BMO, and the level of credit enhancement available under the proposed capital structure.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Bank of Montreal has revamped its ...
National Bank of Canada was quick to defend bank stocks shortly after Steve Eisman said this week he’s shorting Royal Bank of Canada, Canadian Imperial Bank of Commerce, and Laurentian Bank of Canada. Eisman, the money manager who foresaw the collapse of the U.S. housing market, is now predicting a “20 percent plus" decline for Canadian bank stocks as credit conditions “normalize” and loan losses jump.
NEW YORK, April 10, 2019 /PRNewswire/ - REX Shares, LLC (REX) has announced another expansion of their MicroSectors™ brand with the launch of a suite of Leveraged and Inverse Leveraged (L&I) Exchange Traded Notes (the ETNs). The ETNs are linked to the Solactive MicroSectors™ U.S. Big Oil Index (the Index) and will be issued by Bank of Montreal.
Mitsubishi's (MUFG) focus on delivering three-year business plan, which includes expansion of global presence is likely to help bolster financials.
TORONTO , NEW YORK , and LONDON , April 8, 2019 /PRNewswire/ - BMO Capital Markets today announced that Deland Kamanga has been appointed Head, Global Trading Products, effective immediately. "Deland ...
TORONTO , April 8, 2019 /CNW/ - Bank of Montreal (TSX, NYSE: BMO) today announced that, as a result of strong investor demand for its previously announced domestic public offering of Non-Cumulative 5-year Rate Reset Class B Preferred Shares Series 46 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares Series 46"), the size of the offering has been increased to 14 million shares. As announced earlier today, the offering will be underwritten on a bought deal basis by a syndicate led by BMO Capital Markets. The net proceeds from the offering will be used by the Bank for general banking purposes.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of Montreal (BMO) have what it takes? Let's find out.
TORONTO , April 8, 2019 /CNW/ - Bank of Montreal (BMO.TO)(BMO) today announced a domestic public offering of $250 million of Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 46 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares Series 46"). The offering will be underwritten on a bought-deal basis by a syndicate of underwriters led by BMO Capital Markets. The Bank has granted to the underwriters an option to purchase up to an additional $50 million of the Preferred Shares Series 46 exercisable at any time up to 48 hours before closing.
(Bloomberg) -- President Donald Trump called on the Federal Reserve to open the monetary floodgates to turn the world’s largest economy into a “rocket ship.”
To lower losses at its struggling operations in the United States and Europe, Nomura (NMR) intends to cut jobs and reduce branches across wholesale business.
NEW YORK, April 3, 2019 /PRNewswire/ - REX Shares, LLC (REX) has announced an expansion of their MicroSectors™ brand with the launch of a suite of Leveraged and Inverse Leveraged Exchange Traded Notes (the ETNs). The ETNs are linked to the Solactive MicroSectors™ U.S. Big Banks Index (the Index) and will be issued by Bank of Montreal.