TORONTO and NEW YORK, Feb. 14 /CNW/ - BMO Capital Markets, the investment
and corporate banking arm of BMO Financial Group (TSX, NYSE: BMO), has been
named by StarMine the No. 2 stock picker in the U.S. based on BMO's coverage
of stocks on the S&P 500.
BMO Capital Markets has also ranked No. 4 in earnings estimates in the
U.S. category by StarMine in its annual review of "Top Global Brokerage
Houses." StarMine is a San Francisco-based firm that measures the performance
of equity analysts and provides insightful analytics to institutional
StarMine has previously ranked BMO Capital Markets first in stock picking
in Canada for the last three years in its annual Financial Post/StarMine Top
"This is an outstanding recognition for the entire equity research team,"
said Mike Miller, Head of Equity Products, BMO Capital Markets. "Our approach
at BMO is to cultivate a research group that has had significant industry
expertise and long tenured analyst experience, a powerful combination that
provides our clients with research that adds value."
BMO Capital Markets is committed to maintaining its long tradition of
independence and leadership in research. Our clients can continue to expect us
to measure the value-added of our recommendations, put forth proprietary
investment ideas and continue to be innovative in our approach to research,"
added Mr. Miller.
"We would like to congratulate BMO Capital Markets on this fine
achievement. StarMine's objective rankings recognize true value-add in stock
picking and earnings estimation, and BMO Capital Markets has demonstrated
excellence in both," said Mary Morgan, StarMine's Rankings Director.
StarMine's 2007 global results appeared in the international editions of
the Financial Times today. Other global investment banks were recognized for
excellence in research in various geographic categories that included Europe
and Asia. BMO Capital Markets ranked No. 2 in the U.S. category among 29
ranked firms. To qualify for ranking, companies had to cover at least 125
stocks in the S&P 500.
In addition, StarMine recognized three of BMO Capital Markets' best stock
picks of 2007:
- Advanced Micro Devices Inc. (AMD), which is covered by Brian Piccioni,
one of the analysts on BMO's Technology team
- GameStop (GME-N), which is covered by Edward Williams, BMO's
Interactive Entertainment analyst
- Hess Corp. (HES), which is covered by Jim Byrne, one of the analysts
on BMO's Oil & Gas team
The BMO Capital Markets Equity Research Group consists of 70 analysts in
Canada, the United States and London, England, covering more than 920 North
American stocks across diverse industry sectors. BMO's Research Group has an
excellent long-term track record of identifying winning companies. The group
also provides equity strategy, quantitative analysis and portfolio management
services to clients.
About StarMine Corporation
StarMine Corporation, a Reuters company, is the world leader in objective
research performance measurement and analytics. Its equity research management
tools and analytics help investment firms around the globe generate alpha and
process equity information more efficiently. Since launching in 1998,
StarMine's customer base has expanded to include over 550 investment firms and
many of the world's largest investment banks.
About BMO Capital Markets
BMO Capital Markets is a leading full-service North American financial
services provider, with over 2,000 employees operating in 14 North American
offices and 26 worldwide, offering corporate, institutional and government
clients access to a complete range of investment and corporate banking
products and services. BMO Capital Markets is a member of BMO Financial Group
(NYSE, TSX: BMO), one of the largest diversified financial services providers
in North America with more than US$388 billion total assets and more than
35,000 employees as at October 31, 2007.
For further information:
For further information: Kim Hanson, Toronto, firstname.lastname@example.org, (416)
867-3996; Kevin Windorf, New York, email@example.com, (212) 885-4111