Canadian Banks | Forums | Terms of Use

Welcome to the Canadian Financial Forums forums.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   Canadian Financial Forums > Canadian Financial Forums > Canadian Banks and Banking

Reply
 
Thread Tools Display Modes
  #1  
Old 08-24-2009, 02:31 PM
trent trent is offline
Senior Member
 
Join Date: Jun 2008
Posts: 387
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?
__________________
No debt
Reply With Quote
  #2  
Old 08-24-2009, 06:26 PM
Tightwod Tightwod is offline
Member
 
Join Date: Jun 2009
Location: Whitby
Posts: 40
Default

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.
Reply With Quote
  #3  
Old 08-25-2009, 02:36 PM
bullish bullish is offline
Senior Member
 
Join Date: Jul 2008
Posts: 155
Default

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?!?
Reply With Quote
  #4  
Old 08-25-2009, 07:46 PM
victor victor is offline
Junior Member
 
Join Date: Aug 2009
Posts: 2
Default

http://thenexteconomy.blogspot.com/2...s-bank-of.html

hope this link works
Reply With Quote
  #5  
Old 08-27-2009, 02:42 PM
Steven Steven is offline
Senior Member
 
Join Date: Jul 2008
Posts: 139
Default

Quote:
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?!?
Modern banking accounting practices have to be taken with a grain of salt.
Reply With Quote
  #6  
Old 08-31-2009, 02:45 PM
Jason Jason is offline
Member
 
Join Date: Jul 2008
Posts: 64
Default

BMO and CIBC are the weakest major Canadian banks and when real estate heads south, they will the first banks in trouble.
Reply With Quote
  #7  
Old 09-08-2009, 09:01 PM
trent trent is offline
Senior Member
 
Join Date: Jun 2008
Posts: 387
Default

Quote:
Originally Posted by Jason View Post
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.
__________________
No debt
Reply With Quote
  #8  
Old 09-24-2009, 06:11 PM
Tightwod Tightwod is offline
Member
 
Join Date: Jun 2009
Location: Whitby
Posts: 40
Default

Quote:
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%.
Reply With Quote
  #9  
Old 09-24-2009, 07:25 PM
Canadian Canadian is offline
Senior Member
 
Join Date: Jun 2008
Posts: 415
Default

Quote:
Originally Posted by Tightwod View Post
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
__________________
Bear with me please
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 07:10 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.