Bank Of Montreal (BMO) : Traders are bullish on Bank Of Montreal (BMO) as it has outperformed the S&P 500 by a wide margin of 0.96% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.11%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.08% in the last 1 week, and is up 1.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Bank of Montreal is up 4.72% in the last 3-month period. Year-to-Date the stock performance stands at 19.53%. The stock has recorded a 20-day Moving Average of 1.99% and the 50-Day Moving Average is 2.6%.
Bank Of Montreal (NYSE:BMO): The stock opened at $65.05 on Friday but the bulls could not build on the opening and the stock topped out at $65.42 for the day. The stock traded down to $64.59 during the day, due to lack of any buying support eventually closed down at $65.33 with a loss of -0.37% for the day. The stock had closed at $65.57 on the previous day. The total traded volume was 374,620 shares.
Also, Brokerage firm Rafferty Capital upgrades its rating on Bank Of Montreal (NYSE:BMO). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 9, 2016.
Bank of Montreal (BMO) is a financial services company. The Bank provides a range of retail banking, wealth management, and investment banking products and services. It conducts its business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets. The Bank operates primarily in Canada and the United States. It also has operations in the United Kingdom, Europe, the Caribbean and Asia. It also serves customers through its wealth management businesses: BMO Nesbitt Burns, BMO InvestorLine, BMO Private Banking, BMO Global Asset Management and BMO Insurance. BMO Capital Markets, its investment and corporate banking and trading products division, provides a suite of financial products and services to North American and international clients. In the United States, BMO serves customers through BMO Harris Bank, based in the United States Midwest with more than two million retail, small business and commercial customers.