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 |
|---|---|---|---|
| 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 | |
| 6/3/2024 | Outperform → Mkt Perform | Keefe Bruyette |
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
TORONTO, Feb. 12, 2025 /CNW/ - BMO Asset Management Inc. ("BMOAM Inc."), as the manager of the BMO ETFs set out in the table below (each, a "Terminating ETF" and collectively, the "Terminating ETFs"), and BMO Investments Inc. ("BMOII"), as the manager of the BMO Mutual Funds set out in the table below (each, a "Terminating Fund" and collectively, the "Terminating Funds"), today announced that it will terminate the Terminating ETFs and the Terminating Funds, respectively, on or about April 25, 2025 (the "Termination Date"): Terminating ETFs Terminating Funds BMO ESG High Yield US Corporate Bond Index ETF (TSX:ESGH) BMO U.S. Equity Growth MFR Fund BMO US TIPS Index ETF (TSX:TIPS) BMO U.S. Equ
NEW YORK and TORONTO, Feb. 12, 2025 /CNW/ - BMO's world-leading Metals and Mining team, along with bank leaders, will host more than 1,400 global industry leaders and institutional investors at the 34th annual Global Metals, Mining & Critical Minerals Conference. Key themes to include the impact of global events on commodities and capital markets and the evolution of the sector. Where: Hollywood, Florida When: February 23 – 26, 2025 Media: BMO research analysts available for interviews "For more than 100 years, BMO has been a global leader and trusted advisor to companies across the metals and mining industry," said Alan Tannenbaum, CEO and Group Head, BMO Capital Markets. "As the industr
Canadians believe they need an average of $1.54 million for retirementRoughly two thirds (63%) say rising prices are affecting their ability to save for retirementAnnual Registered Retirement Savings Plan (RRSP) contributions reach record high of $7,447TORONTO, Feb. 12, 2025 /CNW/ - BMO's 15th annual Retirement Survey reveals several key insights into how Canadians feel about their retirement savings. The survey finds over three quarters of Canadians (76%) are worried they will not have enough money in retirement because of rising prices. The survey also finds 63 per cent of Canadians believe rising prices over the past 12 months have limited their ability to save for retirement. On average,
TORONTO, Feb. 7, 2025 /CNW/ - BMO Exchange Traded Funds (ETFs) and Mutual Funds were recognized for their exceptional performance at the annual Fundata FundGrade A+® Awards event held in Toronto on February 6, 2025. A total of twenty-two BMO ETFs won FundGrade A+® Awards in their respective categories, the most of any financial organization for 2024. Three BMO Mutual Funds also received top honours. The FundGrade A+® Awards are presented annually to investment funds and managers who have shown consistent, outstanding, risk-adjusted performance incorporating up to 10 years of history. "Earning the most recognitions among ETF providers is a special honour and testament to the hard work and de
TORONTO, Feb. 6, 2025 /PRNewswire/ - BMO today announced it has joined the IBM Quantum Network, extending its technology leadership in North America to further drive real financial progress for its customers, clients, and the communities it serves. BMO gains access to IBM's advanced quantum infrastructure, enabling the bank to develop and deploy quantum-powered solutions across its operations. The investment in advanced capabilities is at the core of BMO's Digital First strategy to deliver progress and outcomes at scale by merging human expertise with cutting edge technology. Driving Innovation BMO is the first Canadian bank to access the IBM Quantum Network. Utilization of the network will
For the first time in Canada, investors can access all 11 Global Industry Classification Standard System sectors of the S&P 500 in both unhedged and hedged units on a Canadian exchange allowing for greater portfolio customizationTORONTO, Feb. 6, 2025 /CNW/ - BMO Asset Management Inc. ("BMOAM Inc."), the manager of the BMO ETFs, today announced the launch of the new BMO SPDR Select Sector Index ETFs. The new funds simplify sector investing and offer investors more ways to adjust their strategic asset allocation to take advantage of tactical opportunities based on their investment objectives. For the first time in Canada, investors can access all 11 Global Industry Classification Standard Sys
On average, the cost of finding love can add up to $3,621One third of couples say spending is a source of conflict in the relationshipTORONTO, Feb. 6, 2025 /CNW/ - A special Valentine's Day report from the BMO Real Financial Progress Index reveals 56% of Canadians say the rising cost of living is affecting dating, with many going on fewer dates and/or planning less expensive dating activities. The survey explores how concerns about the economy and personal finances have affected approaches to dating and relationships and found 42% of single Canadians admitted to adjusting their plans for a date for financial reasons. Nearly a third (30%) of single Canadians have cancelled a date to save mon
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
Keefe Bruyette downgraded Bank of Montreal from Outperform to Mkt Perform
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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, 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
TORONTO, Feb. 7, 2025 /CNW/ - BMO Exchange Traded Funds (ETFs) and Mutual Funds were recognized for their exceptional performance at the annual Fundata FundGrade A+® Awards event held in Toronto on February 6, 2025. A total of twenty-two BMO ETFs won FundGrade A+® Awards in their respective categories, the most of any financial organization for 2024. Three BMO Mutual Funds also received top honours. The FundGrade A+® Awards are presented annually to investment funds and managers who have shown consistent, outstanding, risk-adjusted performance incorporating up to 10 years of history. "Earning the most recognitions among ETF providers is a special honour and testament to the hard work and de
TORONTO, Feb. 4, 2025 /CNW/ - BMO Financial Group will announce its first quarter 2025 financial results and hold its investor community conference call on February 25th, 2025. Financial results will be issued in a news release at approximately 6:00 a.m. ET. Investor Community Conference Call Time: 8:15 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
TORONTO, Jan. 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 January 2025 cash distributions for unitholders of BMO ETFs and unitholders of ETF Series units of the BMO Mutual Funds (ETF Series) that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and ETF Series at the close of business on January 30, 2025 will receive cash distributions payable on February 4, 2025. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is January 30, 2025. Details of the per unit cash distribution amount are as follows: FUND NA
TORONTO, Dec. 18, 2024 /CNW/ - BMO Asset Management Inc. and BMO Investments Inc. today announced the 2024 annual reinvested distributions for BMO Exchange Traded Funds (BMO ETFs) or ETF Series of BMO Mutual Funds (ETF Series) 1. These annual reinvested distributions generally represent realized capital gains and special income within the BMO ETFs and ETF Series, and are paid to unitholders, as required, to ensure that the BMO ETFs and ETF Series are not liable for ordinary income tax. Unitholders of record at close of business on December 30, 2024, will receive the 2024 annual reinvested distributions. The actual taxable amounts, including the tax characteristics, will be reported in 2025.
TORONTO, Dec. 18, 2024 /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 December 2024 cash distributions for unitholders of BMO ETFs and unitholders of ETF Series units of the BMO Mutual Funds (ETF Series)1 that distribute monthly, quarterly and annually, as set out in the tables below. Unitholders of record of the BMO ETFs and ETF Series at the close of business on December 30, 2024 will receive cash distributions payable on January 3, 2025. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is December 30, 2024. Details of the per unit cash distribution amo
Fourth Quarter 2024 Earnings Release BMO's 2024 audited annual consolidated financial statements and accompanying Management Discussion and Analysis (MD&A) are available online at www.bmo.com/investorrelations and at www.sedarplus.ca. Financial Results Highlights Fourth Quarter 2024 compared with Fourth Quarter 2023: Net income1 of $2,304 million, compared with $1,710 million; adjusted net income1, 2 of $1,542 million, compared with $2,243 millionReported earnings per share (EPS)1, 3 of $2.94, compared with $2.19; adjusted EPS1, 2, 3 of $1.90, compared with $2.93Provision for credit losses (PCL) of $1,523 million, compared with $446 million; current quarter included PCL on performing loans
TORONTO, Nov. 20, 2024 /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 November 2024 cash distributions for unitholders of BMO ETFs and unitholders of ETF Series units of the BMO Mutual Funds (ETF Series) that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and ETF Series at the close of business on November 27, 2024 will receive cash distributions payable on December 3, 2024. The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is November 27, 2024. Details of the per unit cash distribution amount are as follows: FUND
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