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BMO trade ideas

Bullish on $BMO and Canadian banksKey Stats Market Cap: CAD 97 billion P/E Ratio: 15.45 (Sector avg: 11.8) Dividend Yield: 4.6% (reliable passive income) Next Earnings Date: Dec 5, 2024 Last Upgrade: Maintained "Buy" by RBC with price target CAD 155 (Dec 2024). Technical Reasons for Bullish Outlook Golden Cross Formation: The 50-day moving average recently crossed above the 200-day moving average, indicating long-term bullish momentum. Strong Support Zone: BMO has consistently rebounded off demand levels, forming a solid base for upward price action. Positive Divergence in RSI: RSI trending higher despite sideways price movement suggests accumulation by institutional players. Fundamental Reasons for Bullish Outlook Interest Rate Environment: Higher interest rates boost net interest margins, directly benefiting BMO’s profitability. U.S. Market Expansion: Strategic growth in the U.S. through recent acquisitions increases revenue diversification and growth potential. Strong Dividend Track Record: BMO's 4.6% yield underscores stability, appealing to both growth and income-focused investors. Potential Paths to Profit Option 1: Lowest Risk - Buy Shares Purchase shares at the current price. Collect quarterly dividends while riding the momentum toward CAD 160. Option 2: Medium Risk - Buy Call Options Consider June 2025 $130 calls (estimated premium: CAD 5.00). Leverage potential for higher returns with manageable upfront risk. Option 3: Income Boost - Covered Calls Buy shares and sell March 2025 $140 calls. Capture premium income while profiting up to CAD 140 if called. Disclaimer We are not a brokerage or investment firm. We do not offer financial advice or investment signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
TSX:BMOLong
by ChartVZN
Bank of Montreal (TSE:BMO) Pre-Earnings: Here’s What to ExpectBank of Montreal ( NYSE:BMO ) shares gained in trading as investors await the Canadian bank's Q2 earnings results on May 29. Analysts are expecting earnings per share to come in at C$2.77 on revenue of C$8.054 billion, a decline from the C$2.93 per share seen in the year-ago period. The bank has not had a good track record lately when it comes to beating estimates, with only beating EPS forecasts two times during the past eight quarters. Bank of Montreal ( NYSE:BMO ) has a Strong Buy consensus rating on NYSE:BMO stock based on eight Buys, one Hold, and zero Sells assigned in the past three months. The average NYSE:BMO price target of C$135.61 per share implies 3.66% upside potential. Other equities research analysts have issued research reports about the company, with Jefferies Financial Group starting coverage on February 22nd, StockNews.com raising Bank of Montreal ( NYSE:BMO ) from a "sell" rating to a "hold" rating, and Barclays taking coverage on March 20th. Bank of Montreal ( NYSE:BMO ) has a market cap of $69.63 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 2.37, and a beta of 1.13. The bank reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.34). Hedge funds and other institutional investors own 45.82% of the company's stock. Technical Outlook Bank of Montreal ( NYSE:BMO ) stock closed Friday's trading session up 0.97% trading with a Relative Strength Index (RSI) of 59.22 which is poised for further growth. The daily price chart shows a strong retracement to the support zone of $93.33.
NYSE:BMO
by DEXWireNews
1
Bank of Montreal Canada Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
TSX:BMO
by Sunstorminvest
BANK OF MONTREAL Plan DailyHello traders, BANK OF MONTREAL is in a bullish movement with a continuation of issued buy volume and a kind of hammer candle. The TIMEFRAME M1 shows us a marubozu with a low executed buy volume, just checked the base of the bollinger. To then go to the top of the balance zone to test it. Strong propability to breakout the price with the momentum then at the same time the zone to arrive in the one above and to interfere on the top which follows. Before the highest of the bollinger will be tested but impossible to fill the gap of bearish breakout (See TIMEFRAME H1). With verification (on the TIMEFRAME H4) for this high, no buying force to test the intermediate median of ANDREWS PITCHFORK. Please LIKE & FOLLOW, thank you!
NYSE:BMOShort
by stephanelibatd
Canadian banks offer high-yielding cushion in a correction.If you're worried that growth stocks (the tech and now healthcare stocks) are just ridiculously valued, then perhaps you should think about Canadian bank stocks as a potential cushion against a potential market correction. Earnings beat analyst expectations. Yields are in excess of 4%. Loan loss provisions will gradually find their way back into bank earnings as the economy recovers next year. The steepening yield curve also bodes well for future earnings growth.
NYSE:BMOLong
by malvinspooner