Bank Of Montreal (BMO): Today's Featured Banking Winner
(
) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.4%. By the end of trading, Bank of Montreal rose $0.71 (1.2%) to $59.43 on heavy volume. Throughout the day, 1,468,106 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 521,700 shares. The stock ranged in a price between $58.50-$59.46 after having opened the day at $59.08 as compared to the previous trading day's close of $58.72. Other companies within the Banking industry that increased today were:
(
), up 14.1%,
(
), up 8.9%,
Royal Bank of Scotland Group (The
(
), up 5.7% and
(
), up 5.4%.
Bank of Montreal, together with its subsidiaries, provides various retail banking, wealth management, and investment banking products and services in North America and internationally. Bank of Montreal has a market cap of $37.9 billion and is part of the financial sector. Shares are down 4.8% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates Bank of Montreal a buy, 2 analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates Bank of Montreal as a
. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.
- You can view the full Bank of Montreal Ratings Report.
On the negative front,
(
), down 13.0%,
(
), down 10.9%,
(
), down 5.0% and
(
), down 4.6% , were all laggards within the banking industry with
(
) being today's banking industry laggard.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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