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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (138913)12/9/2022 2:17:04 PM
From: Goose94Read Replies (2) of 202037
 
Bank of Montreal (BMO-T) top pick from Brianne Gardner on BNN.ca Market Call Friday December 9th @ 1200ET

I like the Canadian banking sector right now, and BMO is one of my top three. The Canadian bank also raised its dividend by three per cent and now yields 4.6 per cent. BMO’s commercial customers are holding up well in the lending segment. The chief executive officer said that the bank will see demand drop slightly as the economy weakens, but as the economy enters a recessionary period, BMO is in a strong position. It had strong loan growth in 2022. The Canadian bank group as a whole faces headwinds of elevated consumer leverage and stretched housing affordability. BMO, on the other hand, has the least exposure to the Canadian consumer and Canadian residential mortgages.
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