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Bank of Montreal (BMO.TO)

BMO.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Canada regulator "alive" to risk from alternative lenders
Monday, 28 Nov 2016 12:31pm EST 

Canada's banking regulator says "very alive" to possible dangers arising from alternative lending space : Canada's banking regulator says may need to adjust capital requirements for banks if risk sharing rules change Further company coverage: [RY.TO] (Reporting by Matt Scuffham) ((matthew.scuffham@thomsonreuters.com;)).  Full Article

BMO introduces 2 pct discount for shares issued under its dividend reinvestment plan
Monday, 17 Oct 2016 08:13am EDT 

Bank Of Montreal : BMO introduces a two per cent discount for shares issued under its dividend reinvestment plan . Bank of Montreal - under plan, shareholders may elect to have dividends on common shares reinvested in additional common shares of bank .Bank of Montreal - discount on the common shares will be effective commencing with common share dividend declared for Q4 of fiscal 2016.  Full Article

Bank of Montreal - Merger of BMO Global Monthly Income Fund into BMO Global Diversified Fund will not proceed
Monday, 19 Sep 2016 01:09pm EDT 

Bank Of Montreal : Says merger of BMO Global Monthly Income Fund into BMO Global Diversified Fund will not proceed .Special meeting of unitholders of BMO Global Monthly Income Fund held on September 16, 2016 unitholders did not approve merger.  Full Article

Bank of Montreal in "active dialogue" over acquisitions
Tuesday, 23 Aug 2016 02:56pm EDT 

: Bank of montreal ceo says maintains active dialogue across range of acquisition opportunities . Bank of montreal ceo says will maintain discipline around price when assessing acquisitions . Bank of montreal cro says started lending less on higher value homes in some regions . Bank of montreal cro says will grow oil portfolio selectively where opportunities arise (Reporting by Matt Scuffham) ((matthew.scuffham@thomsonreuters.com;)).  Full Article

Bank of Montreal Q3 Adjusted EPS C$1.94
Tuesday, 23 Aug 2016 06:45am EDT 

Bank Of Montreal : Q3 Total Provision For Credit Losses Was $257 Million, An Increase Of $97 Million From Prior Year . BMO Financial Group Reports Net Income Of $1.2 Billion For The Third Quarter Of 2016 . Q3 Adjusted Earnings Per Share C$1.94 . Q3 Earnings Per Share C$1.86 . Q3 Earnings Per Share View C$1.81 -- Thomson Reuters I/B/E/S . Sets Quarterly Dividend Of C$0.86 per Share . Quarter-End Basel III Common Equity Tier 1 Ratio Was 10.5 Percent . Quarter-End Assets Under Management And Administration Declined $16 Billion Or 2% From A Year Ago To $863 Billion For Bmo Wealth Management . Quarter-End Book Value Per Share Increased 5% From Prior Year To $58.06 Per Share .Qtrly Non-Gaap Revenue, Net Of CCPB, Was $4.94 Billion Versus $4.61 Billion Last Year.  Full Article

British Columbia says 3 pct of home sales involved foreign buyers between June 10-29
Thursday, 7 Jul 2016 02:29pm EDT 

: British Columbia Finance Minister Says About 3 Pct Of Property Transactions Involved Foreign Nationals Between June 10 and June 29 . British columbia finance minister says average property purchase by foreign national was c$1,157,000, significantly higher than by canadian citizens . British columbia finance minister says intention for province to update housing data monthly . British columbia finance minister says has seen far more evidence of 'flipping' in the past than at present . British columbia finance minister says largest group of foreign investors in residential property are from china (Reporting by Matt Scuffham) ((matthew.scuffham@thomsonreuters.com;)).  Full Article

Canada regulator considering changes to mortgage guidelines
Thursday, 7 Jul 2016 11:28am EDT 

: Canada's bank regulator says considering changes to mortgage underwriting guidelines . Canada Regulator - Borrowers relying on income sources outside of canada pose particular challenge for lenders . Canada regulator says limits for downpayments on higher risk mortgages need to be revisited . Canada regulator says some institutions 'not as proactive' as others to ensure prudent mortgage lending (Reporting by Matt Scuffham) ((matthew.scuffham@thomsonreuters.com;)).  Full Article

Canada finance minister welcomes bank regulator's move on stressing underwriting of mortgages
Thursday, 7 Jul 2016 09:52am EDT 

: Canada finance minister says welcomes move by bank regulator to stress need for prudent underwriting of residential mortgages . Canada finance minister says bank regulator's move is consistent with government actions to address pockets of risk in Canada's housing market (Reporting by David Ljunggren) ((david.ljunggren@thomsonreuters.com;)).  Full Article

Bank of Montreal files to say Vaulted Gold Bullion Trust to issue $500 mln of gold deposit receipts
Monday, 6 Jun 2016 02:19pm EDT 

Bank Of Montreal : Bank Of Montreal Files to say the vaulted gold bullion trust will issue $500 million of gold deposit receipts - sec filing . Bank Of Montreal - The trust will issue depositary receipts representing undivided beneficial ownership in a fixed quantity of physical gold bullion .Bank Of Montreal - The gold bullion will be held for benefit of holders of gold deposit receipts in an account operated by bank of montreal at the royal canadian mint.  Full Article

BMO CFO says higher credit provisions "not problematic"
Wednesday, 25 May 2016 04:00pm EDT 

: Bank of montreal cfo says job losses will have some impact on all parts of the bank . Bank of montreal cfo says number of job cuts larger in retail side of the bank .Bank of montreal cfo says expects credit provisions to go up but increase "not problematic".  Full Article

BRIEF-BMO financial group announces executive appointments

* Bank of Montreal says Darryl White is appointed Chief Operating Officer, BMO financial group