Big banks go shopping as economy recovers

Canada’s top banks continue to rebound from their pandemic lows, as an expected surge in loan writeoffs failed to materialize. The recent increase in the Bank of Canada’s benchmark lending rate, as well as more hikes likely this year, will also lift their earnings. What’s… Read More

Dividend Advisor Hotline – Friday, January 7, 2022

BANK OF MONTREAL, $143.11, Toronto symbol BMO, remains a buy.

Canada’s banking regulator—the Office of the Superintendent of Financial Institutions (OFSI)—recently lifted the restrictions on capital distributions it placed on banks and insurers in March 2020 due to COVID-19 uncertainty.

As a result, Bank of Montreal is… Read More