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 closed the day down 0.7%. By the end of trading, Bank of Montreal fell 41 cents (-0.8%) to $54.10 on average volume. Throughout the day, 714,794 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 565,800 shares. The stock ranged in price between $53.97-$55.04 after having opened the day at $54.72 as compared to the previous trading day's close of $54.51. Other company's within the Banking industry that declined today were: FNB United ( FNBN), down 34.5%, Hampton Roads Bankshares ( HMPR), down 13.9%, Carver Bancorp ( CARV), down 10.1%, and Royal Bancshares of Pennsylvania ( RBPAA), down 7.7%.

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 $34.55 billion and is part of the financial sector. The company has a P/E ratio of 9.7, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 1.6% year to date as of the close of trading on Monday. Currently there are no analysts that rate Bank of Montreal a buy, two analysts rate it a sell, and six 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 robust revenue growth, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and disappointing return on equity.

On the positive front, New Century Bancorp ( NCBC), up 7.8%, Popular ( BPOP), up 7.6%, Bank of South Carolina Corporation ( BKSC), up 7.4%, and Summit State Bank ( SSBI), up 7.3%, were all gainers within the banking industry with Wells Fargo ( WFC) being today's featured banking industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).
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