5 High Growth Financial Stocks To Buy

2. Bank of Montreal (NYSE:BMO)

Number of Hedge Fund Holders: 9

Quarterly Revenue Growth YoY as of December 30, 2022: 54.80%

Bank of Montreal (NYSE:BMO) was founded in 1817 and is headquartered in Montreal, Canada. It provides diversified financial services primarily in North America. On January 24, Bank of Montreal (NYSE:BMO) announced a C$650 million domestic institutional non-viability contingent capital (NVCC) preferred stock offering. The bank is going to sell class B preferred shares, series 52 with a fixed rate for five years, which are not cumulative and can be reset. The shares will only be available to specific institutional investors, and the price per share will be $1,000.

On February 7, Desjardins analyst Doug Young raised the firm’s price target on Bank of Montreal (NYSE:BMO) to C$146 from C$143 and maintained a Buy rating on the shares.

According to Insider Monkey’s third quarter database, 9 hedge funds were bullish on Bank of Montreal (NYSE:BMO). It is one of the top high growth financial stocks to monitor, with quarterly year-over-year revenue growth of 54.80% as of the end of December 2022.