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Updated · MarketWatch · May 8Bank of Montreal shares rise but lag Canadian market
13 articles · Updated · MarketWatch · May 8
- The stock added 0.47% to C$209.27 on Friday, while the S&P/TSX Composite Index gained 0.65% to 34,077.76.
- BMO closed 1.6% below its 52-week high of C$212.74, reached a day earlier on 7 May.
- Trading volume was 1.9 million shares, below the bank's 50-day average of 2.4 million, despite the broader market's positive session.
With valuations from C$204 to C$281, is Bank of Montreal a hidden gem or a classic value trap? Can BMO's big bets on AI and tokenization offset its exposure to a shaky U.S. commercial real estate market? Will BMO's tokenized cash partnership with Google revolutionize Canadian finance or just be a niche experiment?