Bmo stock price the BMO stock price continues to

The BMO stock price continues to maintain stability around CAD 126 despite market fluctuations, underscoring investor confidence in the bank’s expanded U.S. operations. Will the latest U.S. government shutdown shake the foundations of the stock market? It’s unlikely, LPL Financial chief technical strategist Adam Turnquist said in a report. “Government shutdowns introduce a new layer of uncertainty for markets, but fortunately, they tend to be short-lived and, as a result, have had minimal impact on the economy” as investors prioritize corporate earnings, broader economic trends and other macroeconomic factors over short-term budget-related disruptions, Turnquist wrote. An analysis by LPL Financial Holdings Inc. found that during government shutdowns over the past 50 years, the S&P 500 declined by an average of 1.6 per cent. During the most recent shutdown in 2018-19, the longest in U.S. history at 35 days, the S&P 500 rose more than 10 per cent. While sectors such as defence and life sciences that rely heavily on government contracts experience short-term pullbacks, Turnquist said they tend to outperform once spending resumes. “Moreover, during the one- and three-month periods following the passage of a budget, the average one- and three-month returns for the S&P 500 were 1.2 per cent and 2.9 per cent, respectively,” Turnquist wrote. "BMO's continued investment in digital and AI-powered banking platforms, such as the LUMI Assistant and multiple award-winning payment innovations, is improving operational efficiency and customer engagement, which should drive increased net margins and persistently positive operating leverage." Recent analyst upgrades have pushed the average BMO stock price target to CAD 131.50, backed by predictions of higher fee-based revenue from asset management operations.