CA Stock MarketDetailed Quotes

BMO Bank of Montreal

Watchlist
  • 138.840
  • -0.290-0.21%
15min DelayMarket Closed Dec 20 16:00 ET
101.33BMarket Cap14.60P/E (TTM)

Bank of Montreal Key Stats

Quarterly+Annual
YOY yoy
Hide blank lines yoy
(FY)Oct 31, 2024
(Q4)Oct 31, 2024
(Q3)Jul 31, 2024
(Q2)Apr 30, 2024
(Q1)Jan 31, 2024
(FY)Oct 31, 2023
(Q4)Oct 31, 2023
(Q3)Jul 31, 2023
(Q2)Apr 30, 2023
(Q1)Jan 31, 2023
Assets
Cash, cash equivalents and federal funds sold
-9.13%179.65B
-9.13%179.65B
-1.52%196.33B
5.02%202B
-14.32%194.46B
-4.21%197.71B
-4.21%197.71B
7.59%199.36B
4.09%192.35B
28.85%226.95B
-Cash and cash equivalents
-16.22%68.74B
-16.22%68.74B
-8.84%78.32B
14.16%84.22B
-27.26%78.86B
-11.97%82.04B
-11.97%82.04B
11.73%85.92B
-5.41%73.77B
84.72%108.42B
-Money market investments
-4.11%110.91B
-4.11%110.91B
4.02%118.01B
-0.66%117.79B
-2.47%115.6B
2.18%115.66B
2.18%115.66B
4.66%113.44B
11.03%118.58B
0.93%118.53B
Securities and investments
24.02%396.41B
24.02%396.41B
24.20%385.22B
16.76%366.77B
24.05%346.41B
17.68%319.63B
17.68%319.63B
17.47%310.16B
24.42%314.12B
1.68%279.25B
-Trading securities
31.59%162.21B
31.59%162.21B
34.63%167.36B
33.86%158.94B
24.81%137.74B
14.32%123.27B
14.32%123.27B
13.20%124.31B
19.62%118.74B
-6.84%110.36B
-Available for sale securities
41.82%189.4B
41.82%189.4B
3.32%136.41B
-1.00%137.48B
15.48%139.17B
11.08%133.55B
11.08%133.55B
14.86%132.02B
20.40%138.87B
6.55%120.52B
-Short term investments
-28.70%44.79B
-28.70%44.79B
51.32%81.46B
24.46%70.35B
43.68%69.49B
44.21%62.82B
44.21%62.82B
37.07%53.83B
49.21%56.52B
12.29%48.37B
Long term equity investment
18.21%1.73B
18.21%1.73B
19.96%1.65B
8.46%1.62B
6.80%1.51B
12.99%1.46B
12.99%1.46B
9.80%1.38B
14.35%1.49B
14.34%1.41B
Derivative assets
18.20%47.25B
18.20%47.25B
11.10%36.83B
18.32%37.82B
-13.66%28.75B
-16.99%39.98B
-16.99%39.98B
-16.53%33.15B
-30.25%31.96B
-4.40%33.29B
Customer acceptances
-95.57%359M
-95.57%359M
-94.82%495M
-64.04%3.81B
-47.76%7.12B
-38.72%8.11B
-38.72%8.11B
-24.26%9.55B
-19.93%10.59B
6.51%13.64B
Net loan
3.25%678.49B
3.25%678.49B
6.79%673.96B
3.51%657.4B
17.51%642.35B
19.11%657.12B
19.11%657.12B
20.64%631.13B
26.36%635.12B
12.81%546.63B
-Gross loan
3.32%682.85B
3.32%682.85B
6.87%678.24B
3.59%661.42B
17.63%646.11B
19.24%660.92B
19.24%660.92B
20.76%634.65B
26.43%638.47B
12.80%549.27B
-Allowance for loans and lease losses
14.42%4.36B
14.42%4.36B
21.48%4.28B
19.82%4.01B
42.38%3.76B
45.47%3.81B
45.47%3.81B
45.94%3.52B
39.41%3.35B
9.69%2.64B
Bank owned life insurance
0.70%6.35B
0.70%6.35B
----
----
----
39.85%6.31B
39.85%6.31B
----
----
----
Receivables
-34.68%42.43B
-34.68%42.43B
1,646.39%33.62B
1,546.64%35.02B
-4.24%1.74B
702.53%64.96B
702.53%64.96B
24.60%1.93B
71.26%2.13B
12.38%1.82B
-Accounts receivable
-36.08%40.21B
-36.08%40.21B
--32.16B
--33.08B
----
842.68%62.91B
842.68%62.91B
----
----
----
-Other receivables
8.14%2.22B
8.14%2.22B
-24.36%1.46B
-8.42%1.95B
-4.24%1.74B
44.41%2.05B
44.41%2.05B
24.60%1.93B
71.26%2.13B
12.38%1.82B
Net PPE
-0.77%6.32B
-0.77%6.32B
3.94%6.25B
2.45%6.26B
27.54%6.21B
24.71%6.37B
24.71%6.37B
30.58%6.01B
33.40%6.11B
6.92%4.87B
-Gross PPE
-2.22%12.95B
-2.22%12.95B
----
----
----
18.54%13.25B
18.54%13.25B
----
----
----
-Accumulated depreciation
3.56%-6.64B
3.56%-6.64B
----
----
----
-13.36%-6.88B
-13.36%-6.88B
----
----
----
Goodwill and other intangible assets
-1.12%21.7B
-1.12%21.7B
2.70%21.6B
1.95%21.6B
181.05%21.18B
193.45%21.94B
193.45%21.94B
195.21%21.03B
198.69%21.18B
7.24%7.54B
-Goodwill
0.27%16.77B
0.27%16.77B
4.57%16.64B
3.61%16.6B
207.64%16.18B
216.52%16.73B
216.52%16.73B
218.58%15.91B
220.37%16.03B
6.11%5.26B
-Other intangible assets
-5.58%4.93B
-5.58%4.93B
-3.12%4.96B
-3.18%4.99B
119.63%5B
137.85%5.22B
137.85%5.22B
140.42%5.12B
146.79%5.16B
9.95%2.28B
Defined pension benefit
-0.77%1.3B
-0.77%1.3B
----
----
----
-0.91%1.31B
-0.91%1.31B
----
----
----
Deferred assets
-11.58%3.02B
-11.58%3.02B
13.47%3.27B
51.84%3.6B
118.53%3.04B
191.06%3.42B
191.06%3.42B
262.72%2.88B
201.40%2.37B
35.54%1.39B
Other assets
31.79%24.65B
31.79%24.65B
29.00%41.24B
14.00%38.16B
148.94%72B
-2.22%18.71B
-2.22%18.71B
13.25%31.97B
21.13%33.47B
16.83%28.92B
Total assets
4.65%1.41T
4.65%1.41T
12.17%1.4T
9.85%1.37T
15.63%1.32T
18.24%1.35T
18.24%1.35T
16.87%1.25T
20.10%1.25T
11.98%1.15T
Liabilities
Total deposits
10.11%771.87B
10.11%771.87B
11.40%757.27B
7.07%725.41B
23.62%709.25B
19.85%700.97B
19.85%700.97B
35.23%679.75B
25.34%677.53B
5.58%573.75B
Federal funds purchased and securities sold under agreement to repurchase
4.41%110.79B
4.41%110.79B
30.35%125.33B
14.75%120.69B
6.79%108.38B
2.06%106.11B
2.06%106.11B
-4.47%96.15B
8.66%105.18B
-6.02%101.48B
Current debt and capital lease obligation
-1.57%106.84B
-1.57%106.84B
3.94%106.42B
11.07%114.17B
-6.75%103.11B
12.97%108.54B
12.97%108.54B
4.69%102.39B
7.22%102.79B
21.86%110.57B
-Current debt
-1.57%106.84B
-1.57%106.84B
3.94%106.42B
11.07%114.17B
-6.75%103.11B
12.97%108.54B
12.97%108.54B
4.69%102.39B
7.22%102.79B
21.86%110.57B
Trading liabilities
-19.98%35.03B
-19.98%35.03B
-13.94%39.97B
-7.13%42.07B
-3.89%43.47B
6.82%43.77B
6.82%43.77B
12.76%46.44B
15.23%45.3B
23.03%45.23B
Derivative product liabilities
16.16%58.3B
16.16%58.3B
14.35%49.49B
16.00%48.49B
-13.21%38.27B
-16.28%50.19B
-16.28%50.19B
-0.84%43.28B
0.09%41.8B
47.83%44.09B
Payables
-34.67%58.29B
-34.67%58.29B
--34.53B
--38.25B
----
265.49%89.22B
265.49%89.22B
----
----
4.17%200M
-Accounts payable
-26.55%52.19B
-26.55%52.19B
--34.53B
--38.25B
----
330.85%71.05B
330.85%71.05B
----
----
----
-Total tax payable
968.18%470M
968.18%470M
----
----
----
-89.65%44M
-89.65%44M
----
----
4.17%200M
-Due to related parties
-68.91%5.63B
-68.91%5.63B
----
----
----
141.79%18.12B
141.79%18.12B
----
----
----
Long term debt and capital lease obligation
10.99%155.6B
10.99%155.6B
8.03%147.1B
10.85%143.07B
1.53%139.66B
10.77%140.2B
10.77%140.2B
-15.63%136.17B
17.10%129.07B
31.73%137.55B
-Long term debt
11.40%152.28B
11.40%152.28B
8.03%147.1B
10.85%143.07B
1.53%139.66B
10.47%136.69B
10.47%136.69B
-15.63%136.17B
17.10%129.07B
31.73%137.55B
-Long term capital lease obligation
-5.13%3.33B
-5.13%3.33B
----
----
----
23.67%3.51B
23.67%3.51B
----
----
----
Employee benefits
4.99%1.05B
4.99%1.05B
----
----
----
8.91%1B
8.91%1B
----
----
----
Non current deferred liabilities
-93.75%1M
-93.75%1M
----
----
----
-84.31%16M
-84.31%16M
----
----
0.74%136M
Other liabilities
-10.62%27.59B
-10.62%27.59B
-18.19%57.43B
-14.76%62.33B
82.31%105.36B
1.87%30.87B
1.87%30.87B
30.70%70.2B
42.64%73.13B
15.83%57.79B
Total liabilities
4.29%1.33T
4.29%1.33T
12.19%1.32T
10.19%1.29T
16.50%1.25T
18.98%1.27T
18.98%1.27T
17.28%1.17T
20.37%1.17T
11.15%1.07T
Shareholders'equity
Share capital
-1.03%25.97B
-1.03%25.97B
2.28%26.36B
7.23%27.2B
7.12%26.71B
28.67%26.24B
28.67%26.24B
26.08%25.77B
26.25%25.36B
44.32%24.94B
-common stock
4.27%23.92B
4.27%23.92B
6.39%23.91B
8.31%23.9B
8.20%23.41B
29.29%22.94B
29.29%22.94B
29.22%22.47B
29.49%22.06B
58.76%21.64B
-Preferred stock
-37.88%2.05B
-37.88%2.05B
-25.76%2.45B
0.00%3.3B
0.00%3.3B
24.53%3.3B
24.53%3.3B
8.20%3.3B
8.20%3.3B
-9.59%3.3B
Additional paid-in capital
7.93%354M
7.93%354M
4.85%346M
7.03%350M
4.78%351M
3.47%328M
3.47%328M
4.76%330M
2.83%327M
5.02%335M
Retained earnings
5.60%46.47B
5.60%46.47B
2.14%45.45B
1.42%44.77B
-0.17%44.16B
-2.46%44.01B
-2.46%44.01B
6.84%44.5B
6.95%44.14B
17.93%44.24B
Gains losses not affecting retained earnings
191.03%5.42B
191.03%5.42B
5,415.73%4.73B
-14.32%2.21B
35.62%2.37B
19.97%1.86B
19.97%1.86B
-104.62%-89M
105.59%2.58B
-37.40%1.75B
Other equity interest
65.04%6.04B
65.04%6.04B
65.04%6.04B
37.07%5.01B
0.00%3.66B
0.00%3.66B
0.00%3.66B
37.62%3.66B
37.62%3.66B
91.72%3.66B
Total stockholders'equity
10.72%84.25B
10.72%84.25B
11.80%82.93B
4.57%79.54B
3.12%77.25B
7.12%76.1B
7.12%76.1B
10.72%74.17B
15.97%76.07B
25.27%74.91B
Noncontrolling interests
28.57%36M
28.57%36M
47.62%31M
63.16%31M
--29M
--28M
--28M
--21M
--19M
----
Total equity
10.72%84.29B
10.72%84.29B
11.81%82.96B
4.58%79.57B
3.16%77.28B
7.16%76.12B
7.16%76.12B
10.75%74.19B
16.00%76.09B
25.27%74.91B
Accounting Standards
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
US-GAAP
Audit Opinions
Unqualified Opinion
--
--
--
--
Unqualified Opinion
--
--
--
--
(FY)Oct 31, 2024(Q4)Oct 31, 2024(Q3)Jul 31, 2024(Q2)Apr 30, 2024(Q1)Jan 31, 2024(FY)Oct 31, 2023(Q4)Oct 31, 2023(Q3)Jul 31, 2023(Q2)Apr 30, 2023(Q1)Jan 31, 2023
Assets
Cash, cash equivalents and federal funds sold -9.13%179.65B-9.13%179.65B-1.52%196.33B5.02%202B-14.32%194.46B-4.21%197.71B-4.21%197.71B7.59%199.36B4.09%192.35B28.85%226.95B
-Cash and cash equivalents -16.22%68.74B-16.22%68.74B-8.84%78.32B14.16%84.22B-27.26%78.86B-11.97%82.04B-11.97%82.04B11.73%85.92B-5.41%73.77B84.72%108.42B
-Money market investments -4.11%110.91B-4.11%110.91B4.02%118.01B-0.66%117.79B-2.47%115.6B2.18%115.66B2.18%115.66B4.66%113.44B11.03%118.58B0.93%118.53B
Securities and investments 24.02%396.41B24.02%396.41B24.20%385.22B16.76%366.77B24.05%346.41B17.68%319.63B17.68%319.63B17.47%310.16B24.42%314.12B1.68%279.25B
-Trading securities 31.59%162.21B31.59%162.21B34.63%167.36B33.86%158.94B24.81%137.74B14.32%123.27B14.32%123.27B13.20%124.31B19.62%118.74B-6.84%110.36B
-Available for sale securities 41.82%189.4B41.82%189.4B3.32%136.41B-1.00%137.48B15.48%139.17B11.08%133.55B11.08%133.55B14.86%132.02B20.40%138.87B6.55%120.52B
-Short term investments -28.70%44.79B-28.70%44.79B51.32%81.46B24.46%70.35B43.68%69.49B44.21%62.82B44.21%62.82B37.07%53.83B49.21%56.52B12.29%48.37B
Long term equity investment 18.21%1.73B18.21%1.73B19.96%1.65B8.46%1.62B6.80%1.51B12.99%1.46B12.99%1.46B9.80%1.38B14.35%1.49B14.34%1.41B
Derivative assets 18.20%47.25B18.20%47.25B11.10%36.83B18.32%37.82B-13.66%28.75B-16.99%39.98B-16.99%39.98B-16.53%33.15B-30.25%31.96B-4.40%33.29B
Customer acceptances -95.57%359M-95.57%359M-94.82%495M-64.04%3.81B-47.76%7.12B-38.72%8.11B-38.72%8.11B-24.26%9.55B-19.93%10.59B6.51%13.64B
Net loan 3.25%678.49B3.25%678.49B6.79%673.96B3.51%657.4B17.51%642.35B19.11%657.12B19.11%657.12B20.64%631.13B26.36%635.12B12.81%546.63B
-Gross loan 3.32%682.85B3.32%682.85B6.87%678.24B3.59%661.42B17.63%646.11B19.24%660.92B19.24%660.92B20.76%634.65B26.43%638.47B12.80%549.27B
-Allowance for loans and lease losses 14.42%4.36B14.42%4.36B21.48%4.28B19.82%4.01B42.38%3.76B45.47%3.81B45.47%3.81B45.94%3.52B39.41%3.35B9.69%2.64B
Bank owned life insurance 0.70%6.35B0.70%6.35B------------39.85%6.31B39.85%6.31B------------
Receivables -34.68%42.43B-34.68%42.43B1,646.39%33.62B1,546.64%35.02B-4.24%1.74B702.53%64.96B702.53%64.96B24.60%1.93B71.26%2.13B12.38%1.82B
-Accounts receivable -36.08%40.21B-36.08%40.21B--32.16B--33.08B----842.68%62.91B842.68%62.91B------------
-Other receivables 8.14%2.22B8.14%2.22B-24.36%1.46B-8.42%1.95B-4.24%1.74B44.41%2.05B44.41%2.05B24.60%1.93B71.26%2.13B12.38%1.82B
Net PPE -0.77%6.32B-0.77%6.32B3.94%6.25B2.45%6.26B27.54%6.21B24.71%6.37B24.71%6.37B30.58%6.01B33.40%6.11B6.92%4.87B
-Gross PPE -2.22%12.95B-2.22%12.95B------------18.54%13.25B18.54%13.25B------------
-Accumulated depreciation 3.56%-6.64B3.56%-6.64B-------------13.36%-6.88B-13.36%-6.88B------------
Goodwill and other intangible assets -1.12%21.7B-1.12%21.7B2.70%21.6B1.95%21.6B181.05%21.18B193.45%21.94B193.45%21.94B195.21%21.03B198.69%21.18B7.24%7.54B
-Goodwill 0.27%16.77B0.27%16.77B4.57%16.64B3.61%16.6B207.64%16.18B216.52%16.73B216.52%16.73B218.58%15.91B220.37%16.03B6.11%5.26B
-Other intangible assets -5.58%4.93B-5.58%4.93B-3.12%4.96B-3.18%4.99B119.63%5B137.85%5.22B137.85%5.22B140.42%5.12B146.79%5.16B9.95%2.28B
Defined pension benefit -0.77%1.3B-0.77%1.3B-------------0.91%1.31B-0.91%1.31B------------
Deferred assets -11.58%3.02B-11.58%3.02B13.47%3.27B51.84%3.6B118.53%3.04B191.06%3.42B191.06%3.42B262.72%2.88B201.40%2.37B35.54%1.39B
Other assets 31.79%24.65B31.79%24.65B29.00%41.24B14.00%38.16B148.94%72B-2.22%18.71B-2.22%18.71B13.25%31.97B21.13%33.47B16.83%28.92B
Total assets 4.65%1.41T4.65%1.41T12.17%1.4T9.85%1.37T15.63%1.32T18.24%1.35T18.24%1.35T16.87%1.25T20.10%1.25T11.98%1.15T
Liabilities
Total deposits 10.11%771.87B10.11%771.87B11.40%757.27B7.07%725.41B23.62%709.25B19.85%700.97B19.85%700.97B35.23%679.75B25.34%677.53B5.58%573.75B
Federal funds purchased and securities sold under agreement to repurchase 4.41%110.79B4.41%110.79B30.35%125.33B14.75%120.69B6.79%108.38B2.06%106.11B2.06%106.11B-4.47%96.15B8.66%105.18B-6.02%101.48B
Current debt and capital lease obligation -1.57%106.84B-1.57%106.84B3.94%106.42B11.07%114.17B-6.75%103.11B12.97%108.54B12.97%108.54B4.69%102.39B7.22%102.79B21.86%110.57B
-Current debt -1.57%106.84B-1.57%106.84B3.94%106.42B11.07%114.17B-6.75%103.11B12.97%108.54B12.97%108.54B4.69%102.39B7.22%102.79B21.86%110.57B
Trading liabilities -19.98%35.03B-19.98%35.03B-13.94%39.97B-7.13%42.07B-3.89%43.47B6.82%43.77B6.82%43.77B12.76%46.44B15.23%45.3B23.03%45.23B
Derivative product liabilities 16.16%58.3B16.16%58.3B14.35%49.49B16.00%48.49B-13.21%38.27B-16.28%50.19B-16.28%50.19B-0.84%43.28B0.09%41.8B47.83%44.09B
Payables -34.67%58.29B-34.67%58.29B--34.53B--38.25B----265.49%89.22B265.49%89.22B--------4.17%200M
-Accounts payable -26.55%52.19B-26.55%52.19B--34.53B--38.25B----330.85%71.05B330.85%71.05B------------
-Total tax payable 968.18%470M968.18%470M-------------89.65%44M-89.65%44M--------4.17%200M
-Due to related parties -68.91%5.63B-68.91%5.63B------------141.79%18.12B141.79%18.12B------------
Long term debt and capital lease obligation 10.99%155.6B10.99%155.6B8.03%147.1B10.85%143.07B1.53%139.66B10.77%140.2B10.77%140.2B-15.63%136.17B17.10%129.07B31.73%137.55B
-Long term debt 11.40%152.28B11.40%152.28B8.03%147.1B10.85%143.07B1.53%139.66B10.47%136.69B10.47%136.69B-15.63%136.17B17.10%129.07B31.73%137.55B
-Long term capital lease obligation -5.13%3.33B-5.13%3.33B------------23.67%3.51B23.67%3.51B------------
Employee benefits 4.99%1.05B4.99%1.05B------------8.91%1B8.91%1B------------
Non current deferred liabilities -93.75%1M-93.75%1M-------------84.31%16M-84.31%16M--------0.74%136M
Other liabilities -10.62%27.59B-10.62%27.59B-18.19%57.43B-14.76%62.33B82.31%105.36B1.87%30.87B1.87%30.87B30.70%70.2B42.64%73.13B15.83%57.79B
Total liabilities 4.29%1.33T4.29%1.33T12.19%1.32T10.19%1.29T16.50%1.25T18.98%1.27T18.98%1.27T17.28%1.17T20.37%1.17T11.15%1.07T
Shareholders'equity
Share capital -1.03%25.97B-1.03%25.97B2.28%26.36B7.23%27.2B7.12%26.71B28.67%26.24B28.67%26.24B26.08%25.77B26.25%25.36B44.32%24.94B
-common stock 4.27%23.92B4.27%23.92B6.39%23.91B8.31%23.9B8.20%23.41B29.29%22.94B29.29%22.94B29.22%22.47B29.49%22.06B58.76%21.64B
-Preferred stock -37.88%2.05B-37.88%2.05B-25.76%2.45B0.00%3.3B0.00%3.3B24.53%3.3B24.53%3.3B8.20%3.3B8.20%3.3B-9.59%3.3B
Additional paid-in capital 7.93%354M7.93%354M4.85%346M7.03%350M4.78%351M3.47%328M3.47%328M4.76%330M2.83%327M5.02%335M
Retained earnings 5.60%46.47B5.60%46.47B2.14%45.45B1.42%44.77B-0.17%44.16B-2.46%44.01B-2.46%44.01B6.84%44.5B6.95%44.14B17.93%44.24B
Gains losses not affecting retained earnings 191.03%5.42B191.03%5.42B5,415.73%4.73B-14.32%2.21B35.62%2.37B19.97%1.86B19.97%1.86B-104.62%-89M105.59%2.58B-37.40%1.75B
Other equity interest 65.04%6.04B65.04%6.04B65.04%6.04B37.07%5.01B0.00%3.66B0.00%3.66B0.00%3.66B37.62%3.66B37.62%3.66B91.72%3.66B
Total stockholders'equity 10.72%84.25B10.72%84.25B11.80%82.93B4.57%79.54B3.12%77.25B7.12%76.1B7.12%76.1B10.72%74.17B15.97%76.07B25.27%74.91B
Noncontrolling interests 28.57%36M28.57%36M47.62%31M63.16%31M--29M--28M--28M--21M--19M----
Total equity 10.72%84.29B10.72%84.29B11.81%82.96B4.58%79.57B3.16%77.28B7.16%76.12B7.16%76.12B10.75%74.19B16.00%76.09B25.27%74.91B
Accounting Standards US-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAPUS-GAAP
Audit Opinions Unqualified Opinion--------Unqualified Opinion--------

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

Trending CA Stocks
Dividend Kings of Canada Dividend Kings of Canada

Dividend Kings In Canada are companies that have increased their Dividend per share for the most consecutive years, reflecting a strong business model and robust financials, and are likely to outperform the market with less volatility. Dividend Kings In Canada are companies that have increased their Dividend per share for the most consecutive years, reflecting a strong business model and robust financials, and are likely to outperform the market with less volatility.