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Bank of Montreal: This Solid Bank Hasn't Missed A Dividend Payment In 195 Years
Seeking Alpha· 2024-10-23 10:38
Bank of Montreal (TSX: BMO:CA )(NYSE: BMO ) is a premier dividend stock in Canada, including a record of 195 years of consecutive dividend payments. It's also poised to do well in the future, based on theNelson retired from the corporate world at 39 and now manages his own portfolio full-time. His focus is on under covered and unappreciated Canadian dividend stocks, excellent companies at solid values which happen to pay dividends.Analyst’s Disclosure: I/we have a beneficial long position in the shares of B ...
Is the Options Market Predicting a Spike in Bank of Montreal (BMO) Stock?
ZACKS· 2024-10-03 13:40
Investors in Bank of Montreal (BMO) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2025 $40 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mea ...
Foghorn Therapeutics to Participate in the BMO Oncology Summit
GlobeNewswire News Room· 2024-10-01 11:00
CAMBRIDGE, Mass., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Foghorn® Therapeutics Inc. (Nasdaq: FHTX), a clinical-stage biotechnology company pioneering a new class of medicines that treat serious diseases by correcting abnormal gene expression, today announced management's participation in investor meetings at the BMO Oncology Summit being held Tuesday, October 8, 2024, in New York, NY. With an initial focus in oncology, Foghorn’s Gene Traffic Control® platform and resulting broad pipeline have the potential to tr ...
Corbus Pharmaceuticals to Participate in the BMO Capital Markets' Oncology Summit
GlobeNewswire News Room· 2024-09-26 12:00
NORWOOD, Mass., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP) (“Corbus” or the “Company”), today announced that the Company will participate in BMO Capital Markets’ Oncology Summit, to be held October 8, 2024 in New York, NY. Dr. Dominic Smethurst, MA MRCP, Chief Medical Officer of Corbus, will participate in a panel titled Capitalizing on Validated Mechanism in Oncology. Dr. Smethurst will also be joined by Yuval Cohen, Ph.D., Chief Executive Officer of Corbus, to ...
BMO increases gold price forecast as its role as a global currency grows
KITCO· 2024-09-25 15:03
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BMO Triumphs as US Court Voids $564M Verdict in Ponzi Scheme Case
ZACKS· 2024-09-16 18:01
Bank of Montreal (BMO) wins major legal victory in the Petters Ponzi scheme case. The company's U.S. subsidiary, BMO Bank National Association, was granted a verdict by the district court after the U.S. Court of Appeals for the Eighth Circuit overturned a previous jury verdict that had ordered one of its subsidiaries, Harris Bank, to pay $564 million.Background of BMO’s LawsuitThe lawsuit concerns a Ponzi scam run by Thomas J. Petters and a few associated people and businesses (collectively, Petters), who o ...
Eighth Circuit Court of Appeals Overturns Petters Judgement, in BMO's Favour
Prnewswire· 2024-09-12 23:38
TORONTO and CHICAGO, Sept. 12, 2024 /PRNewswire/ - BMO Financial Group (TSX: BMO) (NYSE: BMO) announced today that the United States Court of Appeals for the Eighth Circuit reversed a prior jury verdict and instructed the district court to enter judgement in favour of BMO's U.S. subsidiary, BMO Bank National Association. The lawsuit related to a Ponzi scheme carried out by Thomas J. Petters and certain affiliated individuals and entities (collectively, Petters) that operated a deposit account at a predecess ...
Bank Of Montreal (BMO) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
GlobeNewswire News Room· 2024-08-28 20:00
NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bank Of Montreal (“BoM” or “the Company”) (NYSE: BMO). Investors who purchased BoM securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/BMO. Investigation Details On August 27, 2024, BoM reported its financial results for the third quarter of 2024. Among other items, BoM r ...
Bank of Montreal Stock Tanks 6.2% as High Provisions Hurt Q3 Earnings
ZACKS· 2024-08-28 14:25
Shares of Bank of Montreal (BMO) declined 6.2% on the NYSE in response to weak third-quarter fiscal 2024 (ended July 31) results. Adjusted earnings per share of C$2.64 declined 10.2% year over year.A significant jump in provision for credit losses and lower net interest income (NII) primarily hurt the results. However, an increase in non-interest income, higher loans and deposit balance and lower expenses acted as a tailwind.After considering non-recurring items, net income was C$1.87 billion ($1.37 billion ...
Why Bank of Montreal Stock Tanked on Tuesday
The Motley Fool· 2024-08-27 20:47
Notably higher provisioning affected the bank's fundamentals.Investors weren't in a forgiving mood after digesting Bank of Montreal's (BMO -6.16%) latest news on Tuesday. After the north-of-our-border lender divulged its latest set of quarterly results, investors assertively traded out of the stock. When the smoke cleared, Bank of Montreal shares closed the day more than 6% lower; meanwhile, the S&P 500 index finished in positive territory, with a 0.2% gain.A miss on the bottom lineBank of Montreal's fiscal ...