TSX:BMOBanks
Bank of Montreal (TSX:BMO) Wins Buyback Approval, Is The Stock Still Below Fair Value?
Bank of Montreal (TSX:BMO) just received regulatory approvals for a new normal course issuer bid that allows it to repurchase up to 25,000,000 common shares, providing the bank with added flexibility in managing its capital.
For context, Bank of Montreal’s share price is now at CA$243.56, with a 1-day share price return of 1.78% and a 90-day share price return of 6.25%. The year-to-date share price return of 34.11% has been supported by steady dividend payments that contribute to a 1-year...