Bank Of Montreal, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Matthew Lee from Canaccord Genuity maintained a Buy rating on the stock and has a C$224.00 price target.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Matthew Lee has given his Buy rating due to a combination of factors tied to BMO’s growth outlook and valuation. He expects the bank to deliver robust pre‑tax, pre‑provision income expansion, translating into several years of strong EPS growth as BMO moves toward its mid‑teens ROE objective, supported by better credit performance and ongoing share repurchases.
He also highlights that the U.S. business has shifted from restructuring to growth, with improving efficiency, a stronger California platform, and clearer revenue opportunities positioning it as the key driver of returns. Coupled with disciplined cost control, visible operating leverage, and a share price that trades slightly below peers on valuation, he views the risk‑reward as favourable and justifies maintaining a Buy rating and a $224 target price.
Lee covers the Financial sector, focusing on stocks such as Bank Of Montreal, Bank Of Nova Scotia, and Canadian Bank of Commerce. According to TipRanks, Lee has an average return of 18.0% and a 64.02% success rate on recommended stocks.
In another report released on March 17, CIBC also maintained a Buy rating on the stock with a C$211.00 price target.