National Bank Of Canada: Strong Economy In Quebec Should Act As Its Tailwind [Seeking Alpha]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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US:NYSE Investor Relations:
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Source: Seeking Alpha
Summary Investment Thesis National Bank of Canada ( OTCPK:NTIOF ) (TSX:NA) should benefit from Quebec’s favourable economic environment due to its higher exposure in the province. The bank should be able to improve its operating efficiency further through its digitalization and automation initiatives. However, its shares are currently fairly valued. Investors may want to patiently wait for a pullback. Reasons why we believe National Bank will continue to perform well National Bank of Canada is focused in Quebec National Bank of Canada has a strong focus in Quebec. In fact, Quebec represents about 58% of its retail mortgage and HELOC (home equity line of credit) portfolio. While the new B-20 Guideline is expected to cause a significant growth deceleration in mortgage origination growth across Canada, we believe the province of Quebec is actually in a much better shape than other major markets. Here are several reasons: (1) Strong economic growth rate through 2
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News
- Bank of Montreal Cuts More US Investment Bankers in Drive for Savings [BNN Bloomberg (Canada)]BNN Bloomberg
- Core Inflation in Focus for Rate-Cut Cue After Canada's Job Beat [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Core Inflation in Focus for Rate-Cut Cue After Canada's Job Beat [BNN Bloomberg (Canada)]BNN Bloomberg
- Canada adds 90,000 jobs in April, beating expectations, as unemployment rate holds steady [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Posthaste: Canada's job market could be in worse shape than it looks [Financial Post (Toronto, Ontario, Canada)]Financial Post
BMO
Earnings
- 2/27/24 - Beat
BMO
Analyst Actions
- 3/20/24 - Barclays PLC
BMO
Sec Filings
- 5/10/24 - Form 424B2
- 5/10/24 - Form 424B2
- 5/10/24 - Form 424B2
- BMO's page on the SEC website