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Bank of Montreal

5/19/2013, 9:20 PM ET

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Friday, May 17, 12:25 PM Bank of Montreal (BMO -0.5%) is hit with an "enforcement action" by the Fed for "deficiencies" in complying with money-laundering rules. Examiners at the Chicago Fed discovered the issues during an examination of BMO's branch in that city. "Our remediation activities are well under way," says a bank spokesman. Comment! [Financials]
Saturday, April 27, 8:55 AM Staking the fate of his hedge fund on a large short of Canadian banks (BMO, BNS, RY, CM) and the loonie (FXC), Vijai Mohan's arguments of a property price bubble fueled - in part - by an emerging markets growth bubble aren't unfamiliar ones. A third leg: That the country's banks are the world's best capitalized is a falsity, owing to a required "risk-weight" of just 9.9% on mortgages (the U.S. is 35% minimum, Australia 15-20%, Europe 20%). Should regulators impose a higher rate (it's under discussion), the nation's lenders would be forced to raise capital and/or reduce dividends. 15 Comments [Financials, Global & FX]
Wednesday, April 17, 9:04 AM Likely overcapitalized Canadian banks should consider committing to an annual dividend payout ratio of 60-70% each year, argues CIBC's Robert Sedran. He envisions a regular quarterly dividend with a Q4 special payout based on the actual full-year results. "An innovative way to satisfy investors' demand for yield while simultaneously satisfying regulators' demand for prudence." Banks targeted: BMO, BNS, CM, RY, TD. 2 Comments [Financials]
Wednesday, April 3, 12:03 PM Canadian lenders are set for a dramatic expansion in P/E multiples, says Scotiabank's Kevin Choquette, believing the slowdown in the country's real estate market is more than discounted in bank stock prices. His favorite pick is Imperial Bank (CM) as it's restructured to lessen its reliance on mortgage banking. 5 Comments [Financials]
Tuesday, February 26, 6:46 AM Bank of Montreal (BMO) declares $0.74/share quarterly dividend, 2.7% increase from prior dividend of $0.72. Forward yield 4.83%. For shareholders of record May 01. Payable May 28. Ex-div date Apr. 29. (PR) Comment! [Dividends]
Tuesday, February 26, 6:29 AM Bank of Montreal (BMO): FQ1 EPS of $1.52 beats by $0.06. Revenue of $4.08B. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, February 26, 12:05 AM Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR Comment! [Earnings]
Monday, February 25, 5:30 PM Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR Comment! [Earnings]
Friday, February 22, 12:24 PM After a big 2012 (including garnering an international award), Canadian banks - RY, BMO, TD, BNS, CM - are expected to show the effects of a slowdown in the domestic economy when they report earnings next week. Look for slowing lending as signs abound that the heavily-indebted Canadian consumer is cutting back. 6 Comments [Financials]
Monday, January 28, 1:45 PM Six Canadian banks get a one-notch downgrade from Moody's as high levels of consumer debt and bubbly housing prices leave the lenders "more vulnerable than in the past." The agency also notes banks' reliance on "confidence-sensitive wholesale funding, which is obscured by limited public disclosure." Among those cut: BMO, BNS, CM, TD. 18 Comments [Financials]
Monday, December 10, 2012, 11:18 AM Forget bank of the year, how about banking system of the year? Canadian lenders buck the global trend of pay cuts, Royal Bank of Canada (RY) and National Bank (NTIOF.PK) leading the way with an 11% jump in bonus pools. Scotiabank (BNS), TD Bank, and Bank of Montreal (BMO) also show increases, but Imperial Bank (CM) sees a reduction in incentive pay. 4 Comments [Financials]
Tuesday, December 4, 2012, 8:11 AM Bank of Montreal (BMO) declares $0.72/share quarterly dividend, in line with previous. Forward yield 4.82%. For shareholders of record Feb. 01. Payable Feb. 26. Ex-div date Jan. 30. (PR) Comment! [Dividends]
Tuesday, December 4, 2012, 8:02 AM More on Bank of Montreal (BMO) FQ4 earnings: Adjusted Canadian earnings of $439M, up 6.2% Y/Y. Adjusted U.S. earnings of $147M, -13% Y/Y. Capital markets income more than doubles to $293M. Book value/share of $40.25, up from $36.76 a year ago. Stock trades at a price/book of 1.47 - quite a contrast from the major U.S. lenders, most trading at less than book. Buyback announcement of up to 15M shares. (PR) Comment! [Earnings, Financials]
Tuesday, December 4, 2012, 7:39 AM Bank of Montreal (BMO): FQ4 EPS of $1.65 beats by $0.23. Revenue of $3.92B in-line. (PR) Comment! [Earnings, Financials]
Tuesday, December 4, 2012, 12:05 AM Notable earnings before Tuesday’s open: AZO, BIG, BMO, TOL Comment! [Earnings]
Monday, December 3, 2012, 5:30 PM Notable earnings before Tuesday’s open: AZO, BIG, BMO, TOL Comment! [Earnings]