Bank Of Montreal (BMO) Receives a Buy from CIBC
CIBC analyst Paul Holden maintained a Buy rating on Bank Of Montreal today and set a price target of C$211.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Holden covers the Financial sector, focusing on stocks such as Bank Of Montreal, Royal Bank Of Canada, and Toronto Dominion Bank. According to TipRanks, Holden has an average return of 11.0% and a 65.19% success rate on recommended stocks.
In a report released on March 9, Canaccord Genuity also maintained a Buy rating on the stock with a C$224.00 price target.
Based on Bank Of Montreal’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of C$19.3 billion and a net profit of C$2.49 billion. In comparison, last year the company earned a revenue of C$20.44 billion and had a net profit of C$2.13 billion
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BMO in relation to earlier this year.
Read More on BMO:
Disclaimer & DisclosureReport an Issue
- Canada’s Bank of Montreal (BMO) Heads for Warmer Climes as It Muscles into California
- Bank of Montreal to Stabilise £650 Million L-Bank Bond Offering in Europe
- Bank of Montreal Files Annual Meeting and Proxy Materials for Shareholders
- RY, TD, BMO: Canada’s Stodgy Banks Are Becoming AI Leaders, Says Jefferies
- Bank of Montreal Updates $50 Billion Global Covered Bond Programme
