The Bank of Montreal is Canada’s fourth-largest bank. Bank of Montreal is represented on the Toronto Stock Exchange with the symbol BMO.
This Canadian bank stock has consistently paid dividends for 186 years. Bank of Montreal has benefited both from expansion outside of Canada and low interest rates in recent years. Low interest rates have helped the bank by increasing demand for loans.
The bank continues to make acquisitions in the U.S. and the U.K., including Wisconsin-based banking firm Marshall & Ilsley for $4.0 billion in stock, and General Electric’s transportation-financing business, adding $11.5 billion in assets.
Bank of Montreal is also using acquisitions to expand its wealth management division, which now accounts for 18% of its earnings. It paid $1.3 billion for U.K.-based wealth management firm F&C Asset Management, which sells investment services to individuals and institutional clients, such as pension plans and insurance companies.
Bank of Montreal has paid dividends each year since 1829 and has increased its payout six times in the past three years.
Learn more about Bank of Montreal stock and other blue chip shares by following TSI Network and using our three-part Successful Investor strategy:
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More and more, exchange-traded funds (ETFs) are finding their way into the portfolios of investors.
That’s because, unlike many other financial innovations, they don’t load you up with heavy management fees, or tie you down with high redemption charges if you decide to get out of them… Read More
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TORONTO-DOMINION BANK, $76.20, Toronto symbol TD, is still a buy.
With the January 2024 payment, TD raised your quarterly dividend by 6.3%. Investors now receive $1.02 a share instead of $0.96. The new annual rate of $4.08 yields a solid 5.4%.
The lender recently set aside $615 million… Read More
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BANK OF MONTREAL $128 (www.bmo.com) is a buy. The bank raised your quarterly dividend with the January 2024 payment by 2.7%, to $1.51 a share from $1.47. The new annual rate of $6.04 yields a high 4.7%. Bank of Montreal aims to pay out between 40% and 50%… Read More
A: Hamilton Enhanced Canadian Bank ETF, $21.04, symbol HCAL on Toronto (Units outstanding: 25.3 million; Market cap: $532.3 million; hamiltonetfs.com), aims to track the Solactive Canadian Bank Mean Reversion Index.
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BANK OF MONTREAL $124 is a buy. The bank (Toronto symbol BMO; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 713.0 million; Market cap: $88.4 billion; Price-to-sales ratio: 2.7; Dividend yield: 4.9%; TSINetwork Rating: Above Average; www.bmo.com) completed its $13.8 billion U.S. acquisition of Bank of the… Read More
The major Canadian and U.S. stock markets, while still subject to volatility, continue to offer attractive returns for investors—especially if you buy the top stocks. All in all, we think that if you can afford to stay in the market for several years or longer,… Read More
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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