Introduction
Bank of Montreal (BMO) engages in the provision of banking and financial services to individuals and institutions. The reason I am featuring this over any of the other Canadian banks, there are some concerns about the retail housing market in Canada and the exposure that a lot of the big banks have. Once of the advantages of the Bank of Montreal, other than the fact it’s the fourth largest bank in Canada, is that it not only gets its revenue from Canada, but it gets 30% of its revenue from the United States and it’s also one of the biggest producers of not only retail loans but also commercial loans, which are a little more secure than the housing market in Canada right now.
Bank of Montreal is the fourth largest bank in Canada, not only gets its revenue from Canada but also gets 30% of its revenue from the United States. It’s also one of the biggest producers of rather than just retail loans they are also heavy into commercial loans. Another thing I like about them is they do a big business in wealth management.
FAST Graphs Analyze Out Loud on Bank of Montreal (BMO)
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Disclosure: No position.
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