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Bank of Montreal Stock Symbol: BMO-T

Last Price Recorded: $72.3100 on 2015-07-29

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Date Signal Expert Opinion Price
2015-07-16 COMMENT Michael Decter

Bank of America (BAC-N) or Bank of Montréal (BMO-T)? He feels the US economy is going to grow a lot faster than the Canadian economy. This will benefit their banks. However, it is hard to go wrong with a Canadian bank from an income point of view. Canadian banks’ income is taxed at a lower rate as a Canadian dividend paying group of companies. Also, very well-regulated and very well-run. This one is a very good bank.


Price:
$75.520
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2015-06-29 BUY Michael Simpson, CFA

A well run bank.  Gaining share in Canada.  They have a presence in the US Midwest.  He has TD-T and CM-T.  As long as we don’t have a lot more loan losses coming out of the west, the next two quarters should be good.


Price:
$74.130
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
SELECTIVE
Owned:
Unknown
2015-06-29 COMMENT Richard Croft

Sell Puts and Sell a Covered Call 6 months out? This is a very common strategy. What the sale of a Put does is to obligate the investor to Buy the shares of the stock. For example, let’s assume a stock is selling at $75 as share and you sell a $74 Put. You are simply agreeing to buy the stock at $74. That is no different than putting in a limit order. The difference here is that you get paid a premium to wait. People get into trouble with this strategy when they don’t have enough funds to buy all of the stocks that they write Puts on. It is the leverage that causes the problem on the strategy, and nothing more. Nothing wrong with the strategy.


Price:
$74.130
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
OPTIMISTIC
Owned:
Unknown
2015-05-28 DON'T BUY Patrick Horan

He does not mind it here.  It is okay.  They have a good dividend yield.  The risk is that we have a recession that causes a consumer recession and then loan losses come back and bite them.  He prefers US banks.  He prefers TD-T and RY-T and then perhaps NA-T in Canada.


Price:
$77.110
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
No
2015-04-22 PAST TOP PICK Jerome Hass

(A Top Pick April 16/14. Down 8.94%.) Short and Long Guardian Capital Group (GCG.A-T).


Price:
$79.670
Subject:
CANADIAN MID-CAPS & LONG/SHORT STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2015-04-20 COMMENT Barry Schwartz

Royal (RY-T) or Bank of Montréal (BMO-T)? His 3 biggest holdings are National (NA-T), Toronto Dominion (TD-T) and Bank of Nova Scotia (BNS-T). On a valuation basis, the cheapest is National which is trading at 10X next year’s earnings. On this, pick 1 or 2 banks, and never sell them and then go from there.


Price:
$79.770
Subject:
NORTH AMERICAN - LARGE
Bias:
BEAR on ENERGY
Owned:
No
2015-04-15 COMMENT Mike S. Newton, CIM FCSI

Hasn’t owned this for a very long time. Has never had a really good feel for this over the years. It had very high expenses which has hurt its margins over the years, more so than any of the other Canadian banks. It tends to lag. His preference is Toronto Dominion (TD-T), Bank of Nova Scotia (BNS-T) and Royal Bank (RY-T).


Price:
$79.610
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2015-03-17 TOP PICK Ross Healy

Has set back very nicely to a very favourable level to purchase and has a nice dividend and a big upside potential.  He buys the cheapest bank he can find.


Price:
$76.250
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-10 TOP PICK Jerome Hass

(A Top Pick April 16/14.) (Short) Long Guardian Capital (GCG.A-T) and short Bank of Montréal (BMO-T). This and Guardian could both go up in absolute value, as long as your Long position goes up more than your Short position. It’s all about the relative movement between the 2.


Price:
$77.810
Subject:
CANADIAN MID-LARGE & SHORT-LONG STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2015-01-30 COMMENT Greg Newman

The banks just got downgraded. They are a whole lot cheaper than they were 2 months ago, so they are getting to levels where they are starting to look somewhat attractive. This one had a bit of a rough quarter, but they are making strides on the domestic side. If they can continue with that, it will be a good place to be. This is a name that you are going to want to be constructive on at some point close to this amount.


Price:
$72.930
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
CAUTIOUS
Owned:
Yes
2015-01-07 COMMENT Michael Sprung

What are the strengths and weaknesses relative to other Canadian banks? For a long time it was penalized. They had invested a lot of shareholder capital in Harris in the Chicago area, and the return on their capital over many years has really not been that great. Lately it has been doing a lot better, particularly with expansions they have made in that area. We have often seen this trading at a discount to the other banks, but last year they were probably the best performing bank in the sector. Right now this is selling at a little bit of a discount in the sector at 1.6X Book with the yield of over 4%. He would prefer other banks at this time. He wants banks with a lot of scope like the Royal (RY-T) or high ROE like the CIBC (CM-T).


Price:
$79.560
Subject:
CANADIAN LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-01-05 BUY on WEAKNESS Ross Healy

The market has got it into its teeth somehow, that the outlook for 2015 for bank earnings is flat, which is not very good and therefore ought to be selling these stocks. Banks typically earn between 14%-18% ROE and they pay nice dividends. Just standing still, doing nothing, their balance sheets keep growing. Use these setbacks in the banks to acquire more.


Price:
$80.710
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Unknown
2014-12-02 COMMENT Lyle Stein

In the context of making a long-term investment, the best time to buy stocks is when people don’t like them. This is the 1st of the reporting banks, and if we get another surprise, there might be another down day.


Price:
$81.420
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2014-11-24 TOP PICK Peter Brieger

He has been buying it for years.  Likes their presence in Chicago with Harris bank.  As the US does better, so should this bank.


Price:
$83.200
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-11-18 COMMENT Andrew Hamlin

Banks look pretty good here, not spectacular, but okay. The #1 performing bank this year is National Bank (NA-T), an astounding 25% or so. Bank of Montreal is right in line with the other banks and has done reasonably well year-to-date. Nothing wrong with it and thinks it will do reasonably well. Thinks Canadian banks are a little challenged here and regulators are really clamping down on capital requirements. Dividends are going to grow with earnings and earnings are slowing down a little. Don't expect as strong a dividend growth as we have seen over the last couple of years.


Price:
$82.140
Subject:
NORTH AMERICAN - INCOME
Bias:
BULLISH
Owned:
No
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