Barclays analyst Brian Morton raised the firm’s price target on Bank of Montreal (BMO) to C$150 from C$144 and keeps an Equal Weight rating on the shares. The firm expects the Canadian banks to report improved sequential earnings in Q3 on a decline in losses on performing loans and higher net interest income. While the banks should reiterate 2025 outlooks, concerns on tariffs and mortgage renewals will persist, the analyst tells investors in a research note.
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