Yesterday I invested in a new company after a long time. That company was Bank of Montreal $BMO+1.1%, which hit a two-year low. I take BMO as a long term investment, the bank is one of the most stable and profitable banks in Canada, so I welcomed the 4% drop and was finally able to buy at my desired price.

Anyone here have BMO? What do you think of Canadian banks, do you find them interesting and overlooked too?

BMO
$86.64 $0.95 +1.11%
Capital Structure
Market Cap
62.9B
Enterpr. Val.
162.5B
Valuation
P/E
14.2
P/S
2.0

I confess I didn't know this bank at all. The numbers look nice and since I am a long term investor, this is a nice opportunity for me.

I also try to keep the banking sector at a lower percentage than other sectors - I don't like the low stability and extreme reaction to any political news.

Interesting. I would certainly say partly overlooked. On the one hand, maybe that's a good thing, because banks are usually talked about a lot when they start having problems, so why not. For me, it's enough to have less of the banks and I have that represented in $BAC-0.5% Anyway, for this bank as you write the numbers look good. :)

I'm not at all familiar with Canadian banks, but at first glance the numbers look good.

The chart looks good now. Price is nicely near multi-year resistance and could be stabilizing. For a long term investment then it's even better👍

It's not for me, the banks are not showing that much growth, so it's not in line with my strategy. The bank may be quality, but I doubt it will be a 100/200% return investment.

Interesting to watch so I'm curious how they will fare

Great! I have nothing against Canadian banks, I myself have followed $RY+0.8% and $TD+0.8% in the past. They are stable, have decent dividends and are part of a strong economy.

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