BMO Bank of Montreal to be the first of the Big Six Canadian Banks to release Third Quarter earnings, August 23, 2011!
Let's all hope for a good report!
BMO and CIBC are the only banks that have not raised their dividends since the financial crisis. A surprise dividend increase would be amazing, although, I don't think it will happen till 2012.
Still trying to soak up as many shares as I can.
A dividend increase would be a nice surprise, but not sure if that is in the making, after their US purchase the other day.
BMO posts greater than expected earnings for Q3.
Q2 was $804M Net Income
Q3 was $843M Net Income
a 4.85% increase in Net Income from Q2 of $39,000,000.
I'd chalk it up to the hard work you've been putting in thereOriginally Posted by KaeJS
BMO posts greater than expected earnings for Q3.
Q2 was $804M Net Income
Q3 was $843M Net Income
a 4.85% increase in Net Income from Q2 of $39,000,000.
.
Now if the rest of the banks follow suit we'll have a nice little rebound in the next two weeks.
If that were the case, I would think I deserve a raise.I'd chalk it up to the hard work you've been putting in there
Considering how much time you spend following stocks, you don't deserve itIf that were the case, I would think I deserve a raise.
Payout ratios are still a tad high for any dividend increases. Need another year or so of solid earnings. Then again, I've been wrong before.
My Own Advisor Saving and investing my way to financial freedom.
I don't think any banks are going to raise dividends in the next 2 - 3 quarters unless we see a significant turnaround in the economy.
Kaejs: How about coming to my CIBC branch. There is a "investment advisor" here who always speaks about Chinese Walls within the corporation that supposedly protect her from becoming too familiar with her clients investment details thus allowing her to see the "big" picture. All very foolish and shady in my opinion.
BMO just launched their mobile transaction service with MC PayPass, any phone can have an NFC tag (sticker) attached to it and be swiped on PayPass readers to complete a transaction. It's free to use and the same PayPass rules apply, any purchase under $50 requires no swipe, PIN, or signature.
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