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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Bank of Montreal ( BMO) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Bank of Montreal fell $0.64 (-1.0%) to $62.83 on average volume. Throughout the day, 415,937 shares of Bank of Montreal exchanged hands as compared to its average daily volume of 462,000 shares. The stock ranged in price between $62.82-$63.63 after having opened the day at $63.50 as compared to the previous trading day's close of $63.47. Other companies within the Banking industry that declined today were: CommunityOne Bancorp ( COB), down 10.2%, Anchor Bancorp ( ANCB), down 8.1%, Farmers Capital Bank Corporation ( FFKT), down 6.7% and United Community Financial Corporation ( UCFC), down 6.3%.

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 $40.7 billion and is part of the financial sector. Shares are up 2.9% year to date as of the close of trading on Thursday. Currently there is 1 analyst that rates Bank of Montreal a buy, 2 analysts rate it a sell, and 3 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, increase in stock price during the past year and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.

On the positive front, Broadway Financial ( BYFC), up 21.9%, Bank Bradesco ( BBDO), up 9.5%, Porter Bancorp ( PBIB), up 9.0% and Credit Suisse ( DSLV), up 4.9%.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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