Bank Of Montreal (BMO): Today's Featured Banking Loser
Bank of Montreal (BMO) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole was unchanged today. By the end of trading, Bank of Montreal fell 68 cents (-1.2%) to $56.50 on average volume. Throughout the day, 1.4 million shares of Bank of Montreal exchanged hands as compared to its average daily volume of 946,600 shares. The stock ranged in price between $55.77-$56.74 after having opened the day at $56.36 as compared to the previous trading day's close of $57.18. Other company's within the Banking industry that declined today were: Mercantile Bancorp (MBR), down 29.3%, Bank of the Carolinas (BCAR), down 23.8%, Central Federal (CFBK), down 18%, and Bank VA Chesterfield (BOVA), down 17.7%. Bank of Montreal, together with its subsidiaries, provides a range of retail banking, wealth management, and investment banking products and solutions in North America and internationally. Bank of Montreal has a market cap of $37.56 billion and is part of the financial sector. The company has a P/E ratio of 10.9, below the average banking industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 0.7% year to date as of the close of trading on Tuesday. Currently there are four analysts that rate Bank of Montreal a buy, two analysts rate it a sell, and two rate it a hold. TheStreet Ratings rates Bank of Montreal as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and weak operating cash flow.
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