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BMO Gets a Buy Call Before Earnings. The Catch Is in the Targets
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BMO Gets a Buy Call Before Earnings. The Catch Is in the Targets
Canaccord Genuity reaffirmed a Buy rating on Bank of Montreal ahead of its May 27 earnings report. BMO shares closed May 21 at C$220.06, near a 52-week high and up 23.5% year-to-date. The bank recently agreed to sell C$14.5 billion in loan and lease assets to Stonepeak, expecting a CET1 ratio boost but a C$900 million after-tax charge. Analyst consensus remains mixed, with most holding or selling. The post BMO Lands Buy Rating Ahead of Earnings …
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