Bank Of Montreal (BMO) Receives a Buy from Canaccord Genuity

In a report released today, Scott Chan CFA from Canaccord Genuity maintained a Buy rating on Bank Of Montreal (BMOResearch Report), with a price target of C$151.00. The company’s shares closed today at $99.02.

Chan CFA covers the Financial sector, focusing on stocks such as CI Financial, Bank Of Montreal, and Bank Of Nova Scotia. According to TipRanks, Chan CFA has an average return of 9.2% and a 52.62% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank Of Montreal with a $106.80 average price target, representing a 7.86% upside. In a report released on November 22, Scotiabank also maintained a Buy rating on the stock with a C$156.00 price target.

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Based on Bank Of Montreal’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $6.95 billion and a net profit of $1.37 billion. In comparison, last year the company earned a revenue of $6.51 billion and had a net profit of $2.28 billion

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Bank of Montreal is a Canadian multinational bank and financial services company. It provides personal and commercial banking, lending, mortgages, credit cards and investment advice services. The company also offers specialized banking programs, treasury and payment solutions, risk management products, foreign exchange and cash management solutions to small business and commercial banking customers.

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