Bank of Montreal (USA) (BMO)

Profile
Bank of Montreal
100 King Street West
First Canadian Place
Toronto, ON M5X 1A1
Canada - Map
Phone: 416-867-5000
Web Site: www.bmo.com

DETAILS
Index Membership: N/A
Sector: Financial
Industry: Foreign Money Center Banks
Full Time Employees: 36,594

BUSINESS SUMMARY
Bank of Montreal, together with its subsidiaries, provides a range of retail banking, wealth management, and investment banking products and solutions in North America and internationally. The company offers various personal banking products to households through its integrated multi-channel sales and distribution network; commercial banking products and services, including commercial and capital market products and financial advisory services to small businesses, medium-sized enterprises, and mid-market banking clients; and cards and payments services. It also provides investment services, mortgages, consumer credit, business lending, cash management, wealth management, private banking, and investment and wealth advisory services. In addition, Bank of Montreal offers various other financial solutions to corporate, institutional, and government clients, including equity and debt underwriting, corporate lending and project financing, mergers and acquisitions advisory services, merchant banking, securitization, treasury and market risk management, foreign exchange, derivatives, debt and equity research, and institutional sales and trading; and a range of loan and debt products, balance sheet management solutions, and trade finance, as well as provides integrated debt, foreign exchange, interest rate, credit, equity, securitization, and commodities solutions to wholesale, commercial, and retail clients. Further, it provides funding, liquidity management, new product development, proprietary trading, and origination services. Its insurance solutions include life and disability insurance on mortgages; loans and lines of credit; MasterCard outstanding balance insurance; DirectTerm life insurance; and personal accident protection, critical illness, and travel insurance. The company also serves high-net worth individuals. As of October 31, 2008, Bank of Montreal operated 983 bank branches. The company was founded in 1817 and is headquartered in Montreal, Canada.

***All above information from YAHOO FINANCE***

Income

Another long term hold pick.

This is a long term pick based on my macroeconomic expectations for the global economy. I believe that in spite of all Bernanke's efforts to stop it, the recession will soon reassert itself and commodity prices will tumble. As that occurs Canadian companies will start laying people off which will eventually lead to defaults on home mortgages and other types of consumer credit. So while I don't necessarily disagree with the belief that the Canadian banks are healthy now, I think that they might have weakened substantially by 2012.

Canada clearly has the world's best run banks

Canadian banks are up a ton, but aren't done yet. In addition to the fact that fair pricing has the stocks still 20% under-valued, they're all boasting a 3-6% dividend. How can you go wrong?

I originally was tracking BMO as a potential long, but was slow on the trigger and missed that opportunity. Now it seems that Canada's economy is poised to duplicate some of the U.S.'s tricks from the past couple of years. BMO has had strong and rapid appreciation over the past several months, and it now appears to be poised for an equally strong correction in the near to mid-term future as our northern neighbor's credit markets begin to unravel.

wasn't damaged by the fallout of the mortgage derivatives disaster.

above 12 mo MA

This stock was chosen as part of a group of stocks based upon criteria which focused heavily on dividend yield, cash flow, and balance sheet information.

The Canadian Federal Government introduced TFSA(Tax-Free Savings Account) in the 2008 budget. As soon as the majority of the citizens fully understands the benefits of TFSA, Bank of Montreal will accommodate their needs.

a winner. well capitalized. conservative lender. not in any danger and will stay ahead of the crowd in the financial category

The Canadian Regional Bank that should have 5 Motley Fool stars instead of 4.

higher dividend than Toronto-Dominion, but supposedly not as well off. Not thrilled with banks in general but this seems like a safer way to play any possible recovery.

Every time they've screwed up they have roared back.

Div model play - high stable div with acceptable div cover

I know this seems crazy but I'm going to go long BMO ... The price is right ... the yield is right (8.5%) ....

Jared

Good perfomance!

Canadian banks are solid as a rock, most stable banking system in the world. They will regain all losses and more in the next few years.