Bank Of Montreal (BMO): Today's Featured Banking Winner

Bank of Montreal ( BMO) 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: LCNB Corporation ( LCNB), up 14.1%, Severn Bancorp ( SVBI), up 8.9%, Royal Bank of Scotland Group (The ( RBS), up 5.7% and First Security Group ( FSGI), 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 hold. 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.

On the negative front, Broadway Financial ( BYFC), down 13.0%, Carver Bancorp ( CARV), down 10.9%, NB&T Financial Group ( NBTF), down 5.0% and National Bank of Greece ( NBG), down 4.6% , were all laggards within the banking industry with Zions ( ZION) being today's banking industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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