Bank of Montreal stock falls 2.85% to C$121.17

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Thursday was a tough day for Canadian stocks, with the Bank ($TSX:BMO) of Montreal falling 2.85% to C$121.17. This lagged behind the overall market, with losses being seen across the board. The Bank of Montreal is one of Canada’s largest banks, with operations spanning across North America. The stock’s fall on Thursday comes as a surprise, given the bank’s strong performance in recent months. The overall market sell-off is being attributed to concerns over the ongoing trade dispute between the United States and China.

This has weighed on investor sentiment, and is likely to continue to do so in the near-term. Despite the market’s recent weakness, the Bank of Montreal remains a solid long-term investment. The bank has a strong balance sheet and is well-positioned to weather any economic storms that may come its way.

Stock Price

On Friday, Bank of Montreal stock opened at CA$120.2 and closed at CA$118.0, down by 2.7% from previous closing price of 121.2. The stock fell 2.85% to C$121.17 during the day. Investors are concerned about the bank’s exposure to the struggling Canadian housing market and weak economic growth. The bank has been cutting costs and selling non-core assets in an effort to boost profitability.

VI Analysis

The Bank of Montreal is a large Canadian bank that offers a wide range of financial products and services. The company’s fundamentals reflect its long term potential, and the VI app makes it easy to analyze BMO’s financials. The VI Star Chart shows that BMO is classified as a “cheetah,” a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Cheetah companies are often of interest to investors who are willing to take on more risk for the potential of higher returns. BMO has a high health score of 8/10, indicating that it is a financially strong company that is capable of weathering any economic crisis without the risk of bankruptcy.

The company is strong in growth, asset management, and dividend payout, and is only medium in profitability. Overall, BMO is a large and financially sound company with good long-term prospects. It may be of interest to investors who are willing to take on more risk in exchange for potential higher returns.

Summary

BMO downgraded to ‘underperform’ at BofA Merrill Lynch Investors may be concerned about Bank of Montreal’s stock after it was downgraded by BofA Merrill Lynch. BMO was previously rated as a “buy” but is now considered an “underperform” due to concerns about the Canadian economy. This downgrade may make investors reconsider investing in BMO, as there are now more risks associated with the stock.