Schedule I Canadian Banks – (part 1 of 6): Bank of Montreal Stock Analysis

Summary

  • This Bank of Montreal Stock Analysis is based on Q2 2017 results and is the first of a 6 part series covering the Big 6 Canadian Banks.
  • BMO US results have raised concerns about a slowing in its US growth.
  • BMO’s Capital Measure Ratios continue to improve thus providing investors with assurances that BMO remains a safe bank.
  • Pockets of the Canadian real estate market are wildly overheated but BMO’s results indicate its real estate related loan portfolio is of sound quality.
  • The Home Capital Group implosion is unlikely to have a significant effect on BMO’s residential mortgage portfolio.
  • BMO has paid a dividend for 188 years and it announced a $0.02 increase to CDN $0.90 effective with its August 2017 dividend payment.

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