Dundee Initiates Coverage on Bank of Montreal (USA) to Neutral

Dundee Initiates Coverage on Bank of Montreal (USA)(NYSE:BMO). The shares have been rated Neutral. The rating by Dundee was issued on Sep 21, 2016.

Bank of Montreal (USA) (BMO) made into the market gainers list on Tuesdays trading session with the shares advancing 0.05% or 0.03 points. Due to strong positive momentum, the stock ended at $64.64, which is also near the day’s high of $64.97. The stock began the session at $64.69 and the volume stood at 5,35,690 shares. The 52-week high of the shares is $67.69 and the 52 week low is $47.54. The company has a current market capitalization of $41,693 M and it has 64,50,00,000 shares in outstanding.

Bank of Montreal (USA)(BMO) last announced its earnings results on Aug 23, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $3.83B. Analysts had an estimated revenue of $3.88B. Earnings per share were $1.50. Analysts had estimated an EPS of $1.39.

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.

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