First Canadian Bank Hits High

Bank of Montreal (BMO) together with its subsidiaries, provides various retail banking, wealth management, and investment banking products and services in North America and internationally. As of October 31, 2012, it maintained approximately 1,570 bank branches in Canada and the United States. The company was founded in 1817.

[PostStockWidget stock_valuation="" pricetype="live" manual_date="Dec. 21, 2012, 2:04pm GMT" symbolcodes="'BMO.TO'" symbolprices="83" div_align="right"]

• We bought BMO at $60 in June 2013, sold it today at our target of $76 to realize a 26% gain before dividends and over 30% with dividends included. We believe that BMO is fully valued at the current level and could possible return to the low end of the valuation range.

• New Purple Chips Valuation Range: Low $64.00, high $76.00

• HIGH VALUATION IN BANK OF MONTREAL AT $75.98 (BMO-T $76.00) FULL POSITION

• This trade including dividends delivered a TOTAL RETURN: +30.2%