BMO CM Feb 19

BMO feb 19

CM feb 19

Speaking of banks, BMO has about the best ratio between high and present price, Commerce is not far behind both at about 33/34% . RY is at 50% so on that metric less attractive if you assume all will some day again trade at the same price, which is true today with 3 of them at about $26.  I think we are at a point where missing the boat is a greater risk than not getting on board. All of these have the potential to rise $20 or so in the next few months so a little nibling is probably a good idea. GE is also a bank!

BMO’s fertile brain

I was wrong the other day when I mentioned the falling IQs of  bankers as soon as they see  one of their own. Here is the proof. We are all familiar (there are exceptions) with concepts like prime-rate, bank-rate, LIBOR. TIBOR, cost of  funds etc.etc. But did you know that if you juggle them you can have your cake and eat it too? Yes , this time they dropped prime one for one with the Bank of Canada’s 50 beeps but before you get carried away into sentimental admiration, read this. By the way, I cannot figure why the interest is $9.88 a instead of $10 (semi-annual?).bmojan21005