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.
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The Bank of Canada recently raised its benchmark lending rate by 1.0% to 2.5%. More hikes are likely as Canada’s inflation rate recently topped 8%. Higher interest rates will slow demand for new mortgages and other loans. However, loan writeoffs at these two leading banks… Read More
SUNCOR ENERGY INC., $39.78, Toronto symbol SU, remains a buy.
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
This week, Suncor… Read More
Investors searching for Canadian growth stocks need to consider a range of factors. Here are the key ones for maximum portfolio returns.
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Judging by reports in the media, today’s most-asked investment question is, “What’s going to happen with inflation?”
It’s easy to understand the high level of interest. If you knew where inflation would go—up, down or sideways—it would give you an enormous advantage as an investor. Changes… Read More
With today’s still-low interest rates, there are few, if any, high return, lower-risk fixed-income investments available to investors.
But if you must hold cash, and are looking for an alternative to bank savings accounts or holding it with your broker, these four ETFs can give you… Read More
BANK OF MONTREAL, $136.95, Toronto symbol BMO, is a buy.
The bank is now raising your dividend by 4.5%. Starting with the August 2022 payment, investors will receive $1.39 a share instead of $1.33. The new annual rate of $5.56 yields 4.1%.
Bank of Montreal set aside… Read More
INTEL CORP., $48.11, Nasdaq symbol INTC, remains a buy for long-term gains.
The company is the world’s leading maker of computer chips: its products power 90% of all personal computers and more than 80% of all datacentres.
With the March 2022 payment, Intel raised your quarterly dividend… Read More
CANADIAN PACIFIC RAILWAY LTD., $103.32, Toronto symbol CP, is your #1 Conservative Buy for 2022.
CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.
The stock gained 3% this week after the… Read More
The Bank of Canada just raised its benchmark interest rate to 0.50%. That will increase the borrowing costs for businesses and consumers. However, you can offset those higher interest charges with dividends from our big banks, which are once again raising their payments as the… Read More
TORONTO-DOMINION BANK, $98.54, Toronto symbol TD, is a buy.
TD is now buying U.S. banking firm First Horizon Corporation (New York symbol FHN). Based in Memphis, Tennessee, it operates 412 branches in 12 states that serve 1.1 million customers.
The purchase will make TD’s banking operations the… Read More
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