BUZZ-Bank of Montreal: Brokerages upgrade after strong Q3 results

Wed Aug 27, 2014 9:55am EDT
 
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** U.S.-listed shares of Canada's fourth-largest bank up 1.5 pct at $75.96

** At least five brokerages upgrade stock

** Raising rating on consistently strong domestic performance and capital markets business, expectations of improving U.S. earnings growth and better capital ratio - TD Securities analysts

** Q3 profit beat expectations, helped by gains by Canadian and U.S. personal and commercial banking units