Q: Hi Team
the stock is pulling back, going to add to an existing position
what is a good entry point? around $ 113? or $ 110
thanks
Michael
the stock is pulling back, going to add to an existing position
what is a good entry point? around $ 113? or $ 110
thanks
Michael
5i Research Answer:
BMO is still reeling from its weak recent quarterly report. It is now 10.8X earnings, down 12.5% YTD. With some other banks below 10X earnings, we think it could go there too. This would imply about $111 or so.