What changed
$BMO — ADD 📊 | 6 MONTHS THESIS
🎯 latest | Rev $9.5B | EPS $3.67 vs $3.45 🟢
💡 The market is pricing in a static margin environment, but BMO's expanding US footprint and rate-driven tailwinds should drive positive estimate revisions over the next quarter, leading to P/E multiple expansion.
📉 Reward/risk: 2.0:1
🏢 Business Quality: 7/10 - Strong franchise in Canada and growing US presence, well-capitalized, but faces cyclical credit risks.
📊 Valuation: fair - P/E 11.8x based on annualized Q2 EPS, in line with Canadian peer average of 11.5x, price/book ~1.3x, free cash flow yield ~10% but banks use...
🔮 Catalyst: Upcoming Q3 earnings report and analyst day
💰 Entry: $173.42, stop $165.0, target $190.0
📊 Our read: ADD. Full analysis →
https://stockduty.xyz/s/BMO0624