Bank of Montreal: Undervalued, Diversified, And Offering A Safe Yield

  • Bank of Montreal's recent pullback is overblown, and BMO's share price currently presents an attractive entry point. Historical P/B spread vs. RBC/TD now wider than normal and lower when compared to their own historical P/B. BMO's ETF platform is growing, now the second-largest in Canada by AUM. ETF flows support revenue growth with minimal cost increases.