5 Most Profitable Canadian Stocks

3. Bank of Montreal (NYSE:BMO)

Trailing Twelve Months Net Income: $10.11 billion (1CAD = 0.75USD)

Number of Hedge Fund Holders In Q3 2022: N/A

The Bank of Montreal (NYSE:BMO), as the name suggests, is a bank based in Montreal. It has a little over one thousand branches and provides loans, working capital management, savings accounts, and other financial products and services.

The Bank of Montreal (NYSE:BMO) scored a win in January 2023 when the U.S. Federal Reserve approved its application to acquire the Bank of the West in California. Nine of the 920 hedge funds surveyed by Insider Monkey for their September quarter of 2022 investments had owned a stake in the firm.

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