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 |
|---|---|---|---|
| 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 | |
| 7/30/2024 | Outperform → Sector Perform | RBC Capital Mkts | |
| 7/2/2024 | Neutral | UBS |
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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
TORONTO, May 6, 2025 /CNW/ - Bank of Montreal (TSX:BMO) (NYSE: BMO) today announced that it intends to redeem all of its $1,250 million Series J Medium-Term Notes (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) Second Tranche due June 17, 2030 (the "Notes"). The redemption will occur on June 17, 2025 (the "Redemption Date"). The Notes are redeemable at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the Redemption Date. Interest on the Notes will cease to accrue from and after the Redemption Date. The redemption has been approved by the Office of the Superintendent of Financial Institutions. Notice w
Industry leaders gather to discuss global food, agriculture and chemical trends and outlooksNEW YORK, May 6, 2025 /CNW/ - BMO will host the 20th annual BMO Farm to Market | Chemicals Conference on May 14 and 15, 2025 at the InterContinental Barclay Hotel in New York. What: 2025 BMO Farm to Market | Chemicals Conference When: Wednesday, May 14, 2025, Thursday, May 15, 2025 Where: InterContinental Barclay, New York Media: Register here Spanning the global food, agriculture value chain and chemical sector, this distinctive two-day event is designed to provide insights on topics from agribusiness, fertilizers, seeds and chemicals to packaged food, food retailing, beverages and restaurants. Glob
Half believe owning a home is less attainable than in 2024.43% of homeowners say they could not have purchased their home without family assistance. TORONTO, May 5, 2025 /CNW/ - The latest BMO Real Financial Progress Index reveals that while over two thirds (67%) of homebuyers are waiting for interest rates to drop before purchasing a home – a 5% decrease from 2024 – experts say many more Canadians may take a "wait and see" approach as concerns about the prospect of an economic recession increased from 60% to 74% from March to April 2025. "Canada's housing market remained under pressure heading into the spring, with sales and prices both weakening further," said Robert Kavcic, Senior Econom
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
TORONTO, April 24, 2025 /CNW/ - BMO Investments Inc. ("BMOII"), as the manager of the BMO Mutual Funds, today announced the termination of Series T6 of BMO Fixed Income ETF Portfolio (the "Terminating Series") on or about July 11, 2025 (the "Termination Date"). Effective after close of business today, no further direct subscriptions for units of the Terminating Series will be accepted by BMOII. The rights of unitholders of the Terminating Series to exchange or redeem units of the Terminating Series will cease as of the Termination Date. All units of the Terminating Series held by investors after such date will be subject to a mandatory redemption as of the Termination Date. On or about the
TORONTO, April 22, 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 April 2025 cash distribution 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 April 29, 2025 will receive cash distributions payable on May 2, 2025. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is April 29, 2025. Details of the per un
TORONTO, April 17, 2025 /CNW/ - BMO Nesbitt Burns Inc. ("Nesbitt") has filed an early warning report on SEDAR+ (www.sedarplus.com) with respect to the common shares ("Common Shares") of Nicola Mining Inc. (the "Issuer") held by managed accounts and other accounts over which Nesbitt has authority to exercise control or direction (collectively, the "Accounts"). The early warning report has been filed, and this press release is being issued, for the purpose of correcting previously filed alternative monthly reports dated February 10, 2023 and October 2, 2024 (together, the "Prior Reports") by Nesbitt and to report historical acquisitions of Common Shares by Nesbitt on behalf of the Accounts. N
New digital platform combines LINK's cutting-edge technology with BMO's innovative ETF lineup, enabling employees to invest in BMO ETFs through employer-sponsored group plans – a first among major Canadian financial institutions TORONTO, April 15, 2025 /CNW/ - Bank of Montreal (BMO), together with LINK Investment Management Inc. (LINK), today announced the launch of the new BMO-LINK Workplace Savings Platform, offering employers a one-stop, digital solution to help their employees achieve their savings and retirement goals. When introduced in their workplace, BMO-LINK plan holders will have the ability to contribute to several types of employer-sponsored group plans, including Registered Re
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
RBC Capital Mkts downgraded Bank of Montreal from Outperform to Sector Perform
UBS initiated coverage of Bank of Montreal with a rating of Neutral
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
TORONTO, Feb. 15, 2023 /PRNewswire/ - BMO Financial Group today announced the appointment of Nadim Hirji as Group Head, BMO Commercial Banking. Mr. Hirji will report to Chief Executive Officer Darryl White and join the bank's Executive Committee. His appointment is effective March 1, 2023. "Across North America, BMO's commercial bankers are fueling the growth and resilience of our clients' businesses that help our economy thrive and our clients make progress on their goals," said Mr. White. "Nadim is a purpose-driven leader who deeply understands the power that comes from the
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
TORONTO, April 22, 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 April 2025 cash distribution 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 April 29, 2025 will receive cash distributions payable on May 2, 2025. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is April 29, 2025. Details of the per un
In the news release, "BMO Announces Cash and Reinvested Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for March 2025", issued 21-Mar-2025 by BMO Financial Group - ETFs over CNW, we are advised by the company that the the monthly cash distribution per unit amount for ticker symbol ZUD should read "0.045" rather than "0.450" as originally issued inadvertently. The complete, corrected release follows: BMO Announces Cash and Reinvested Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for March 2025 TORONTO, March 21, 2025 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, tod
TORONTO, March 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 March 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 March 28, 2025 will receive cash distributions payable on April 2, 2025. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is March
BMO's First Quarter 2025 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended January 31, 2025 are 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 First Quarter 2025 compared with First Quarter 2024: Net income1 of $2,138 million, compared with $1,292 million; adjusted net income1 of $2,289 million, compared with $1,893 millionReported earnings per share (EPS)2 of $2.83, an increase from $1.73; adjusted EPS1, 2 of $3.04, an increase fro
TORONTO, Feb. 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 February 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 February 27, 2025 will receive cash distributions payable on March 4, 2025. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is February 27, 2025. Details of
NEW YORK, Feb. 19, 2025 /PRNewswire/ - In a demonstration of their commitment to the MicroSectors™ product line, Bank of Montreal ("BMO") and REX Shares, LLC ("REX") today announced the launch of the following U.S. Big Banks and U.S. Big Oil Leveraged and Inverse Leveraged MicroSectors™ Exchange Traded Notes ("ETNs") issued by BMO: ETN Ticker Exposure Type MicroSectors™ U.S. Big Banks 3× Leveraged ETNs BNKU 3× (long) MicroSectors™ U.S. Big Banks -3× Inverse Leveraged ETNs BNKD -3× (short) MicroSectors™ U.S. Big Oil 3× Leveraged ETNs NRGU 3× (long) MicroSectors™ U.S. Big Oil -3× Inverse Leveraged ETNs NRGD -3× (short) Each series of ETNs will start trading tomorrow on the NYSE Arca, Inc. und
NEW YORK, Feb. 19, 2025 /PRNewswire/ - Bank of Montreal ("BMO") announced today (i) its intention to redeem all of the outstanding securities of its MicroSectorsTM FANG+™ Index 3× Leveraged ETNs due January 8, 2038, CUSIP: 063679534 (the "FNGU ETNs"); (ii) its plan to change the ticker symbol for the FNGU ETNs; and (iii) the launch of a new ETN, the MicroSectors™ FANG+™ 3× Leveraged ETNs due January 23, 2045, CUSIP: 063679385 (the "FNGB ETNs"), which is expected to reuse the "FNGU" ticker symbol at a later date. The table below summarizes the announcements being made with respect to the FNGU ETNs and the FNGB ETNs. ETN Title CUSIP Current ETN Ticker Symbol ExpectedETN Ticker Symbol Exp