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  #1  
Old 08-24-2009, 02:31 PM
trent trent is offline
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Default Is BMO going down?
There are some rumors circulating amongst financial bloggers that Bank of Montreal is in trouble and will cut its $1.5 billion dividend for this year, which might cause a run on the BMO shares and/or a plain old bank run by depositors. Share your thoughts?
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  #2  
Old 08-24-2009, 06:26 PM
Tightwod Tightwod is offline
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Wait for the earnings report tomorrow, may be positive, then dump them! Any one of the Canadian banks could have hidden writedowns but I think BMO & CIBC are the most likely and least able to afford it. I would sell BMO and buy some BNS if you want to keep some exposure to the financials.
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  #3  
Old 08-25-2009, 02:36 PM
bullish bullish is offline
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Quote:
Originally Posted by Tightwod View Post
Wait for the earnings report tomorrow, may be positive, then dump them! Any one of the Canadian banks could have hidden writedowns but I think BMO & CIBC are the most likely and least able to afford it. I would sell BMO and buy some BNS if you want to keep some exposure to the financials.
Why would I want to sell my BMO shares, their profit rose 6.9% and the stock si up 5% today?!?
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  #4  
Old 08-25-2009, 07:46 PM
victor victor is offline
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http://thenexteconomy.blogspot.com/2...s-bank-of.html

hope this link works
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  #5  
Old 08-27-2009, 02:42 PM
Steven Steven is offline
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Why would I want to sell my BMO shares, their profit rose 6.9% and the stock si up 5% today?!?
Modern banking accounting practices have to be taken with a grain of salt.
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  #6  
Old 08-31-2009, 02:45 PM
Jason Jason is offline
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BMO and CIBC are the weakest major Canadian banks and when real estate heads south, they will the first banks in trouble.
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Old 09-08-2009, 09:01 PM
trent trent is offline
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BMO and CIBC are the weakest major Canadian banks and when real estate heads south, they will the first banks in trouble.
I agree. Once the real estate bubble pops all Canadian banks are in trouble.
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Old 09-24-2009, 06:11 PM
Tightwod Tightwod is offline
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Originally Posted by bullish View Post
Why would I want to sell my BMO shares, their profit rose 6.9% and the stock si up 5% today?!?
From then until today, BMO up 1.5% BNS up 5%.
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  #9  
Old 09-24-2009, 07:25 PM
Canadian Canadian is offline
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From then until today, BMO up 1.5% BNS up 5%.
I'm still very bearish on the economy and I don't believe in the recovery speeches various officials are pushing on us. The reason I'm saying this is because Canadian banks will be negatively affected once the recovery nonsense is over and the housing bubble pops. In short I think that 6 months from now Canadian banks stocks will be much lower than today. There you have it
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