Bank of Montreal and Imperial Bank of Canada were upgraded to Outperform at RBC (BMO:NYSE).

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Entrance to BMO Bank of Montreal at BAY and BLOOR Manulife Center in downtown Toronto.

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RBC Capital Markets upgraded Bank of Montreal (New York Stock Exchange:BMW(and the Canadian Imperial Bank of Commerce)New York Stock Exchange:poison) to outperform the sector in a recent note, with analyst Darko Mihelic seeing a “transitional year” for Canadian lenders in 2025.

Banks inside



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