Barclays Capital Raises Target on Bank of Montreal and Bank of Nova Scotia
Bank of Montreal/Bank of Nova Scotia
Analyst Updates
Barclays Capital raised its 12 month target price on Bank of Montreal (BMO:CA) to C$196 from C$181, reflecting increased confidence in the bank’s earnings outlook and operating momentum. The valuation increase suggests improved visibility into revenue growth, supported by stabilizing net interest margins, resilient capital markets activity, and continued integration benefits from its U.S. acquisition. Strong capital levels and disciplined cost management further underpin the more positive view, although credit quality trends and broader economic conditions remain key variables.
Barclays Capital also increased its 12 month target price on Bank of Nova Scotia (BNS:CA) to C$106 from C$97, signaling growing confidence in the bank’s strategic repositioning and earnings stability. The upward revision reflects early progress from restructuring initiatives, improved efficiency measures, and a sharper focus on core markets. Stabilizing credit conditions and steady performance in domestic banking operations appear to support a more favorable medium-term return outlook, though macroeconomic risks and loan growth dynamics will continue to influence performance.
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