Bank of Montreal, Canadian Imperial Bank upgraded to Outperform at RBC (BMO:NYSE)


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

Editorial JHVEPhoto/iStock via Getty Images

RBC Capital Markets has upgraded Bank of Montreal (NYSE:BMO) and Canadian Imperial Bank of Commerce (NYSE:CM) to outperform the sector in a recent note, as analyst Darko Mihelic sees a “transition year” for Canadian lenders in 2025.

The banks inside



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