What’s in Bank of Montreal (USA) After Today’s Bearish Options Activity?

 What's in Bank of Montreal (USA) After Today's Bearish Options Activity?

In today’s session Bank of Montreal (USA) (BMO) recorded an unusually high (651) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious BMO decrease. With 651 contracts traded and 9704 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: BMO161216P00065000 closed last at: $3.2 or 48.8% up. About 196,186 shares traded hands. Bank of Montreal (USA) (NYSE:BMO) has risen 12.08% since March 3, 2016 and is uptrending. It has outperformed by 3.73% the S&P500.

Bank of Montreal (USA) (NYSE:BMO) Ratings Coverage

Out of 10 analysts covering Bank Of Montreal (NYSE:BMO), 1 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 10% are positive. Bank Of Montreal has been the topic of 20 analyst reports since August 4, 2015 according to StockzIntelligence Inc. National Bank Canada maintained Bank of Montreal (USA) (NYSE:BMO) rating on Wednesday, August 26. National Bank Canada has “Sector Perform” rating and $76 price target. As per Wednesday, August 26, the company rating was maintained by RBC Capital Markets. TD Securities upgraded the stock to “Buy” rating in Wednesday, December 2 report. The stock of Bank of Montreal (USA) (NYSE:BMO) has “Hold” rating given on Thursday, May 26 by TD Securities. The company was maintained on Friday, September 11 by RBC Capital Markets. On Thursday, May 26 the stock rating was downgraded by Scotia Capital to “Sector Perform”. The firm earned “Underweight” rating on Wednesday, December 2 by Barclays Capital. The firm has “Sector Perform” rating given on Wednesday, August 24 by RBC Capital Markets. Credit Suisse downgraded the shares of BMO in a report on Tuesday, October 4 to “Underperform” rating. On Tuesday, March 8 the stock rating was downgraded by Credit Suisse to “Neutral”.

According to Zacks Investment Research, “Bank of Montreal is one of the largest banks in North America, is also one of Canada’s oldest banks. The bank offers a complete range of financial services in our chosen markets on both sides of the Canada-United States border. The bank offers to all of their clients not just financial products, but knowledge-based solutions, custom-made to add value in their financial affairs.”

Bank of Montreal is a financial services company. The company has a market cap of $40.90 billion. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products. It has a 12.42 P/E ratio. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations.

BMO Company Profile

Bank of Montreal (BMO), incorporated on March 15, 1995, is a financial services company. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations. The Bank operates primarily in Canada and the United States. It also has activities in the United Kingdom, Europe, the Caribbean and Asia.

More notable recent Bank of Montreal (USA) (NYSE:BMO) news were published by: Fool.ca which released: “Is Bank of Nova Scotia or Bank of Montreal More Attractive Today?” on October 04, 2016, also Fool.ca with their article: “Why Bank of Montreal Is a Great Investment” published on September 26, 2016, Fool.ca published: “Bank of Montreal: I Have My Eye on it” on September 28, 2016. More interesting news about Bank of Montreal (USA) (NYSE:BMO) were released by: Fool.ca and their article: “RRSP Investors: Should You Buy TransCanada Corporation or Bank of Montreal?” published on September 29, 2016 as well as Fool.ca‘s news article titled: “Should You Buy Bank of Montreal or Royal Bank of Canada Today?” with publication date: August 19, 2016.

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