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Canada’s oldest lender will soon complete a historic deal in the country’s banking industry. Bank of Montreal (TSX:BMO) (NYSE:BMO) recently announced a US$16.3 billion deal to acquire the Bank of the West in the United States. If the transaction closes, it will be ...
Canadian banks put together a banner year in 2021 after passing through a very challenging 2020. Banks were able to slash the provisions set aside for credit losses, as the broader economy stabilized. Moreover, bank stocks rose with domestic and global stock markets. Today, I want to look a...
2021 was an incredible year for the broader TSX Index and S&P 500 , the latter of which posted just a few percentage points shy of a 30% annual gain. Indeed, investors must mute their expectations going into 2022. Such incredible returns are just unsustainable year after yea...
Canada’s Big Six banks are among the best long-term investments for your investment portfolio. If you’re just starting investing and wondering where you should begin, you should know that you can virtually never go wrong with any of the Big Six. The Big Six are som...
Thanks to the recovery in corporate earnings and improving operating environment, Canadian dividend-paying stocks continue to enhance shareholders’ returns through consistent payouts and hikes. Further, a few of these high-quality dividend stocks are attractively priced at curren...
Canadian banks have some of the longest dividend histories in the country, with a few of them paying dividends for well over a century. This consistency and reliability have established them as the premier dividend stocks, especially when it comes to sustainability. And the fact that the Bi...
Low interest rates and government stimulus have driven Canadian housing prices to record highs, stretching the marginal buyer to its absolute limit. Affordability is at 30-year lows and exposure to short-term interest rates at record highs, just as the Bank of Canada enters a tighteni...
Canada’s Big Six banks had strong earnings performances in fiscal 2021, and they all announced dividend hikes during the earnings season. The average boost was 16.33%, but it was Bank of Montreal (TSX:BMO) (NYSE:BMO) that announced the most significant percentage incr...
Jane's retirement accounts generated a total of $1,570.83 of dividend income for November 2021 vs. $1,235.14 of dividend income for November 2020. Jane's Traditional IRA had a balance of $412.1K as of November 30, 2021, vs. $336.5K on November 30, 2020. The estimated annualized yield ...
With just a few short days left in 2021, there’s never been a better time to rebalance your portfolio. To start your 2022 portfolio, here are some of the stellar investments you should consider adding. Stock #1: Bank of Montreal What’s not to love about Bank of M...
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BMO Decreases CDN$ Prime Lending Rate to 6.70 Per Cent Canada NewsWire TORONTO , July 24, 2024 /CNW/ - BMO Bank of Montreal today announced that it is decreasing its CDN$ prime lending rate from 6.95 per cent to 6.70 per cent, effective July 25, 2024 . ...
BMO Announces Cash Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for July 2024 Canada NewsWire TORONTO , July 23, 2024 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutua...
BMO to Redeem Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 29 (Non-Viability Contingent Capital (NVCC)) Canada NewsWire TORONTO , July 22, 2024 /CNW/ - Bank of Montreal (the "Bank") (TSX:BMO)(NYSE:BMO) today announced its intention to red...