Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers. It also offers investment and wealth advisory services; digital investing services; financial services and solutions; and investment management, and trust and custody services to institutional, retail, and high net worth investors. In addition, the company provides life insurance, accident and sickness insurance, and annuity products; creditor and travel insurance to bank customers; and reinsurance solutions. Further, it offers client's debt and equity capital-raising services, as well as loan origination and syndication, balance sheet management, and treasury management; strategic advice on mergers and acquisitions, restructurings, and recapitalizations, as well as valuation and fairness opinions; and trade finance, risk mitigation, and other operating services. Additionally, the company provides research and access to markets for institutional, corporate, and retail clients; trading solutions that include debt, foreign exchange, interest rate, credit, equity, securitization and commodities; new product development and origination services, as well as risk management advice and services to hedge against fluctuations; and funding and liquidity management services to its clients. It operates through approximately 1,400 bank branches and 4,800 automated banking machines in Canada and the United States. The company was founded in 1817 and is headquartered in Montreal, Canada.
IPO Year:
Exchange: NYSE
Website: bmo.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/9/2025 | Overweight → Equal Weight | Barclays | |
5/15/2025 | Sector Perform | Scotiabank | |
4/4/2025 | Sector Outperform → Neutral | CIBC | |
1/8/2025 | Sector Perform → Outperform | RBC Capital Mkts | |
12/6/2024 | Neutral → Sector Outperform | CIBC | |
12/6/2024 | Sector Perform → Sector Outperform | Scotiabank | |
8/28/2024 | Buy → Neutral | BofA Securities | |
8/28/2024 | Sector Outperform → Sector Perform | Scotiabank | |
8/27/2024 | Buy → Hold | TD Securities | |
8/27/2024 | Buy → Hold | Jefferies |
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Top factors influencing decisions on whether to have children include financial stability and finding the right partner. Nearly nine-in-ten find balancing the emotional and financial demands of parenthood challenging.TORONTO, Aug. 13, 2025 /CNW/ - The latest BMO Real Financial Progress Index reveals seven-in-ten Gen Z (70%) and Millennials (69%) want to have children but worry doing so would negatively affect their financial security. While 81% of Canadians say being a parent brings joy and fulfillment to their lives, over half (53%) of parents admit having children compromised their financial security. The BMO survey examines how the financial and emotional challenges related to raising ch
Total of $100,000 in grants will be awarded to ten Canadian women-owned businesses that address the United Nations Sustainable Development Goals (UN SDG). Applications open until August 19, 2025.TORONTO, Aug. 11, 2025 /CNW/ -BMO, in collaboration with Deloitte Canada, today announced the launch of its fifth annual BMO Celebrating Women Grant Program, an initiative dedicated to supporting real financial progress for women-owned businesses. BMO is pledging a total of $100,000 for ten Canadian women-owned businesses that can demonstrate how they are addressing at least two of the United Nations Sustainable Development Goals (UN SDG). Each grant recipient will be awarded $10,000, receive suppor
TORONTO, Aug. 6, 2025 /CNW/ - BMO Asset Management Inc. today announced a special cash distribution for BMO MSCI Europe High Quality Hedged to CAD Index ETF (TSX:ZEQ). Investors who hold units of the ETF at the close of business on August 13, 2025, will receive the cash distribution on August 15, 2025. The tax characteristics of this distribution will be reported in 2026. Details of the per-unit distribution amount are as follows: Fund Ticker Cash Distributionper Unit ($) BMO MSCI Europe High Quality Hedged to CAD Index ETF ZEQ 0.420 Further information about BMO ETFs can be found at www.bmoetfs.com. Commissions, management fees and expenses all may be associated with investments in BMO ETF
TORONTO, Aug. 5, 2025 /CNW/ - BMO Financial Group will announce its third quarter 2025 financial results and hold its investor community conference call on August 26, 2025. Financial results will be issued in a news release at approximately 5:30 a.m. ET. Investor Community Conference Call Time: 7:15 a.m. ETThe conference call will be available in a listen-only mode:via telephone at 1-800-806-5484 or 416-340-2217 (Toronto area),Passcode: 9768240#via the Internet at https://www.bmo.com/home/about/banking/investor-relations/financial-information/quarterly-resultsPresentation material referenced during the conference call will be available at https://www.bmo.com/home/about/banking/investor-rel
TORONTO, Aug. 1, 2025 /CNW/ - BMO Asset Management Inc. ("BMO AM") today announced that it intends to split the units of certain series of several BMO Asset Allocation Exchange Traded Funds (the "BMO ETFs"), which are listed and trading on the Toronto Stock Exchange (the "TSX"). "By lowering fees recently and by announcing these unit splits today, BMO AM is delivering on its commitment to make its Asset Allocation ETFs even more accessible to Canadian investors," said Sara Petrcich, Head, ETFs & Alternatives, BMO Global Asset Management. Each unit split will be payable on August 15, 2025 (the "Payment Date") to unitholders of record of the applicable BMO ETF on August 13, 2025 (the "Record
TORONTO, July 23, 2025 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the July 2025 cash distributions for unitholders of BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the "ETF Series") that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on July 30, 2025, will receive cash distributions payable on August 05, 2025. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is July 30, 2025. Details of the per
TORONTO, July 21, 2025 /CNW/ - Bank of Montreal (TSX:BMO) (NYSE:BMO, Bank", )) today announced the pricing of USD 1.0 billion of non-viability contingent capital ("NVCC") Additional Tier 1 (AT1) Limited Recourse Capital Notes, Series 6 (the "LRCNs"). The LRCNs will bear interest at a rate of 6.875 per cent annually, payable quarterly, for the initial period ending, but excluding, November 26, 2030. Thereafter, the interest rate on the LRCNs will reset every five years at a rate equal to the prevailing 5-year U.S. Treasury Rate plus 2.976 per cent. The LRCNs will mature on November 26, 2085. The expected closing date of the offering is July 29, 2025. On or before the issuance of the LRCNs, t
PHILADELPHIA, July 16, 2025 (GLOBE NEWSWIRE) -- Alterra IOS ("Alterra"), a prominent player in the industrial outdoor storage (IOS) sector that has acquired over 350 sites nationwide, announced the successful closing of a $343.6 million loan facility arranged by Truist Financial Corp. (NYSE:TFC) and Bank of Montreal (NYSE:BMO). The financing, secured across 64 IOS properties in 22 states, was executed on behalf of Alterra IOS Venture II, a closed-end Fund with $524 million of equity commitments. "This transaction highlights the value of Alterra's continued partnership with Truist and Bank of Montreal, both of which worked closely with us to address our needs and objectives from a lending
New digital planning tool provides a convenient way to create plans, set goals and access personalized insights and guidance. TORONTO, July 10, 2025 /CNW/ - BMO today announced the launch of My Financial Progress, an innovative digital goal planning platform to help clients create personalized and adaptive long-term plans, gain comprehensive insights into their finances and access personalized strategies to help them reach their goals. Built to adapt to clients' changing priorities and circumstances, the tool adjusts goals and strategies in real time to ensure clients can monitor their financial progress anywhere and at any time. My Financial Progress is available for all clients using BMO
TORONTO, July 8, 2025 /CNW/ - Bank of Montreal (the "Bank") (TSX:BMO)(NYSE:BMO) today announced its intention to redeem all of its 8,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 33 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares Series 33") (TSX:BMO) for an aggregate total of $200 million on August 25, 2025. The redemption has been approved by the Office of the Superintendent of Financial Institutions. The Preferred Shares Series 33 are redeemable at the Bank's option on August 25, 2025 (the "Redemption Date") at a redemption price of $25.00 per share. Payment of the redemption price will be made by the Bank on the Redemption Date. S
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Barclays downgraded Bank of Montreal from Overweight to Equal Weight
Scotiabank resumed coverage of Bank of Montreal with a rating of Sector Perform
CIBC downgraded Bank of Montreal from Sector Outperform to Neutral
RBC Capital Mkts upgraded Bank of Montreal from Sector Perform to Outperform
CIBC upgraded Bank of Montreal from Neutral to Sector Outperform
Scotiabank upgraded Bank of Montreal from Sector Perform to Sector Outperform
BofA Securities downgraded Bank of Montreal from Buy to Neutral
Scotiabank downgraded Bank of Montreal from Sector Outperform to Sector Perform
TD Securities downgraded Bank of Montreal from Buy to Hold
Jefferies downgraded Bank of Montreal from Buy to Hold
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TORONTO, Aug. 5, 2025 /CNW/ - BMO Financial Group will announce its third quarter 2025 financial results and hold its investor community conference call on August 26, 2025. Financial results will be issued in a news release at approximately 5:30 a.m. ET. Investor Community Conference Call Time: 7:15 a.m. ETThe conference call will be available in a listen-only mode:via telephone at 1-800-806-5484 or 416-340-2217 (Toronto area),Passcode: 9768240#via the Internet at https://www.bmo.com/home/about/banking/investor-relations/financial-information/quarterly-resultsPresentation material referenced during the conference call will be available at https://www.bmo.com/home/about/banking/investor-rel
TORONTO, July 23, 2025 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the July 2025 cash distributions for unitholders of BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the "ETF Series") that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on July 30, 2025, will receive cash distributions payable on August 05, 2025. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is July 30, 2025. Details of the per
TORONTO, July 8, 2025 /CNW/ - Bank of Montreal (the "Bank") (TSX:BMO)(NYSE:BMO) today announced its intention to redeem all of its 8,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 33 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares Series 33") (TSX:BMO) for an aggregate total of $200 million on August 25, 2025. The redemption has been approved by the Office of the Superintendent of Financial Institutions. The Preferred Shares Series 33 are redeemable at the Bank's option on August 25, 2025 (the "Redemption Date") at a redemption price of $25.00 per share. Payment of the redemption price will be made by the Bank on the Redemption Date. S
TORONTO, June 20, 2025 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the June 2025 cash and reinvested distributions for unitholders of BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the "ETF Series") that distribute monthly and quarterly, as set out in the table below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on June 27, 2025 will receive cash distributions payable on July 3, 2025. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is June 27,
BMO's Second Quarter 2025 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended April 30, 2025, is available online at www.bmo.com/investorrelations, on the Canadian Securities Administrators' website at www.sedarplus.ca, and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov. Financial Results Highlights Second Quarter 2025 compared with Second Quarter 2024: Reported net income1 of $1,962 million, compared with $1,866 million; adjusted net income1 of $2,046 million, compared with $2,033 millionReported earnings per share (EPS)2 of $2.50, compared with $2.36; adjusted EPS1, 2 of $2.62, compared
BMO's new Active ETFs offer a range of equity-based strategies for Investors TORONTO, May 27, 2025 /CNW/ - BMO Asset Management Inc., the manager of the BMO ETFs, today announced the launch of five new ETFs based on market insights from Brian Belski, Chief Investment Strategist and leader of the Investment Strategy Group at BMO Capital Markets. With more than 35 years of investment strategy and portfolio management experience on both Wall Street and Bay Street, Brian Belski is a well known and regular contributor to many financial news networks in North America. The new actively managed ETFs are designed to capture the Investment Strategy Group's views on fundamental themes, sectors, and in
TORONTO, May 21, 2025 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the May 2025 cash distributions for unitholders of BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the "ETF Series") that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on May 29, 2025 will receive cash distributions payable on June 3, 2025. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is May 29, 2025. Details of the per unit cas
TORONTO, May 7, 2025 /CNW/ - BMO Financial Group will announce its second quarter 2025 financial results and hold its investor community conference call on May 28, 2025. Financial results will be issued in a news release at approximately 6:00 a.m. ET. Investor Community Conference Call Time: 8:00 a.m. ETThe conference call will be available in a listen-only mode:Via telephone at 1-800-806-5484 or 416-340-2217 (Toronto area), Passcode: 9768240#Via the Internet at https://www.bmo.com/home/about/banking/investor-relations/financial-information/quarterly-resultsPresentation material referenced during the conference call will be available at https://www.bmo.com/home/about/banking/inves
Filed Pursuant to Rule 433Registration Statement No. 333-285508May 1, 2025 NEW YORK, May 1, 2025 /PRNewswire/ - Bank of Montreal ("BMO") (i) announced today that it exercised its call right to redeem all of the outstanding securities of its MicroSectorsTM FANG+TM Index 3× Leveraged ETNs due January 8, 2038, CUSIP: 063679534 (the "FNGA ETNs") and that the Call Measurement Period for the FNGA ETNs is expected to begin tomorrow, May 2, 2025; and (ii) provided a reminder today of the availability of a new Exchange Traded Note ("ETN"), the MicroSectorsTM FANG+TM 3× Leveraged ETNs due February 17, 2045, CUSIP: 063679385 (the "FNGB ETNs"). Capitalized terms used but not defined herein shall have t
Filed Pursuant to Rule 433Registration Statement No. 333-285508April 24, 2025 NEW YORK, April 24, 2025 /PRNewswire/ - Bank of Montreal ("BMO") provided a reminder today of (i) its intention to exercise its call right and redeem all of the outstanding securities of its MicroSectorsTM FANG+TM Index 3× Leveraged ETNs due January 8, 2038, CUSIP: 063679534 (the "FNGA ETNs"); and (ii) the availability of a new Exchange Traded Note ("ETN"), the MicroSectorsTM FANG+TM 3× Leveraged ETNs due February 17, 2045, CUSIP: 063679385 (the "FNGB ETNs"). BMO previously announced these events on February 19, 2025. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in t
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BMO appoints new Head of Indigenous Banking UnitTORONTO, June 19, 2025 /CNW/ - BMO today released ᐑᒋᐦᐃᑐᐏᐣ wîcihitowin (pronounced: wee-chih-hito-win), its 5th annual Indigenous Partnerships and Progress Report and announced the creation of a new Office of Reconciliation, and the appointment of a new Head of its Indigenous Banking Unit. BMO's work with Indigenous peoples and communities in Canada continues to be anchored in its Enterprise Indigenous Strategy, which consists of three foundational pillars: Education, Employment, and Economic Empowerment. "BMO chose to publish wîcihitowin in June this year to honour Indigenous History Month in Canada – a time to celebrate the heritage, cultures
TORONTO, Oct. 29, 2024 /PRNewswire/ -Bank of Montreal today announced the appointment of Diane Cooper and Brian McManus to its Board of Directors. "We are pleased to welcome Diane and Brian to the Board of Directors," said George Cope, Chair of the Board. "They each bring significant skills and experience and will be a valuable addition to our board." Ms. Cooper was formerly President and CEO of GE Capital's Commercial Distribution business and an officer of GE Company. She also led the GE Capital Equipment Finance and Franchise Finance businesses and previously held senior ro
TORONTO and CHICAGO, Oct. 2, 2024 /PRNewswire/ - BMO today announced the appointment of Kristin Milchanowski as its new Chief Artificial Intelligence and Data Officer, effective October 15, 2024. Kristin will drive BMO's Artificial Intelligence (AI), data, analytics, and robotics strategies and supporting technologies, championing a transformative AI roadmap that optimizes and enhances business value. Additionally, she will focus on data management and data governance across the organization, deepening the bank's robust and established culture of innovation and accountability. "Kristin brings extensive knowledge and expertise in transforming businesses by leveraging the full potential of th
LAFC Unveils New 2024 Primary JerseyLOS ANGELES, TORONTO, and CHICAGO, Feb. 15, 2024 /PRNewswire/ - Los Angeles Football Club (LAFC) and BMO today announced an expansion of their multi-year partnership, unveiling BMO as the Club's "Official Jersey Sponsor" on the 2024 primary and secondary jersey. BMO will continue to support fans of LAFC and the community as the Official Bank of LAFC, and BMO Stadium will continue to be the home of LAFC in the heart of Los Angeles. VIEW THE NEW JERSEY HERE: LAFC KIT LAUNCH PHOTOS (Credit: LAFC) Authentic and replica 2024 primary jerseys will
Following a surge in excess savings during the pandemic, Canadians are no longer putting as much money away - with savings levels now returning to pre-pandemic levels 63 per cent say current economic conditions are negatively affecting their ability to save for retirementTORONTO, Feb. 7, 2024 /CNW/ - BMO's annual retirement survey reveals Millennials (ages 28 to 44) believe they will need about $2.1M to retire, the highest among all adult generations. The survey also revealed that, for a second consecutive year, Canadians overall believe they need about $1.7 million in retirement. Demographic Age Groups Estimated Savings Needed to Retire,According to Survey Respondents National (All age gro
TORONTO and NEW YORK, Oct. 10, 2023 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced the upcoming retirement of its Chief Executive Officer & Group Head, Capital Markets, Dan Barclay, and the appointment of Alan Tannenbaum into the role. After a 32-year investment banking career, Mr. Barclay will transition to a role as Senior Advisor to the CEO. Mr. Tannenbaum will also join the bank's Executive Committee. Both changes are effective November 1, 2023. Mr. Tannenbaum will lead BMO Capital Markets and provide strategic direction on global markets and inve
TORONTO, Aug. 30, 2023 /PRNewswire/ - Bank of Montreal today announced the appointment of Hazel Claxton, former Executive Vice-President and Chief Human Resources Officer of Morneau Shepell Inc. (now part of TELUS Health), to its Board of Directors. "We are pleased to welcome Hazel to the Board of Directors," said George A. Cope, Chair of the Board. "She brings a wealth of knowledge and experience in executive leadership, accounting and finance, talent management, and strategic planning. She will be a strong addition to our Board." Prior to her tenure at Morneau Shepell Inc. f
TORONTO and CHICAGO, April 20, 2023 /CNW/ - BMO today announced the appointment of Darrel Hackett as U.S. Chief Executive Officer of BMO Financial Group, President & CEO of BMO Harris Bank N.A., and CEO of BMO's U.S. holding company, BMO Financial Corp. (BFC). Mr. Hackett will report to Chief Executive Officer Darryl White, join the bank's Executive Committee, and will chair the U.S. Management Committee. His appointment is effective June 1, 2023. Joining BMO in 2004, among several leadership roles at BMO and in the community, Mr. Hackett has served BMO's clients as the leader
TORONTO and CHICAGO, April 20, 2023 /PRNewswire/ - BMO today announced the appointment of Darrel Hackett as U.S. Chief Executive Officer of BMO Financial Group, President & CEO of BMO Harris Bank N.A., and CEO of BMO's U.S. holding company, BMO Financial Corp. (BFC). Mr. Hackett will report to Chief Executive Officer Darryl White, join the bank's Executive Committee, and will chair the U.S. Management Committee. His appointment is effective June 1, 2023. Joining BMO in 2004, among several leadership roles at BMO and in the community, Mr. Hackett has served BMO's clients as the
A special report from the BMO Real Financial Progress Index found notable gender gaps in retirement readiness, financial literacy, and a strong demand for financial know-how resourcesOnly 53 percent of women report feel confident to retire at their target age compared to two thirds (66 percent) of menAn overwhelming majority of women (79 percent) desire greater access to financial literacy resources with 74 percent reporting they do not have a financial plan in place compared to 58 percent of menCHICAGO, March 7, 2023 /PRNewswire/ - A special report from the BMO Real Financial Progress Index focusing on women and financial confidence found a stark contrast regarding how women and men feel ab