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United States

Bank of Montreal (BMO)

BMO on New York Consolidated

75.08USD
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

BMO introduces free unlimited Interac e-Transfer transactions for all everyday bank plans
Wednesday, 1 Mar 2017 06:00am EST 

Bank of Montreal : Bank of Montreal - Will offer free Interac e-Transfer transactions on all everyday bank plans .Bank of Montreal - Offer extends to all Canadian chequing and premium rate savings accounts that are part of a plan.  Full Article

Bank of Montreal announces preferred share issue
Tuesday, 28 Feb 2017 09:00am EST 

Bank of Montreal : Bank of Montreal announces preferred share issue . Bank of Montreal says domestic public offering of $500 million of non-cumulative 5-year rate reset class B preferred shares series 40 .Bank of Montreal says preferred shares series 40 will be issued to public at a price of $25.00 per share.  Full Article

BMO Financial Group announces intention to repurchase up to 15 mln of its common shares
Tuesday, 28 Feb 2017 06:47am EST 

Bank Of Montreal : BMO Financial Group announces intention to repurchase up to 15 million of its common shares .Bank of Montreal says normal course issuer bid will commence on or around May 1, 2017, and will end on or around April 30, 2018.  Full Article

BMO Financial Corp names John Rau as Chair of the board
Tuesday, 10 Jan 2017 01:00pm EST 

BMO Financial Corp: BMO Financial Corp. announces appointment of John Rau as Chair of the board . Rau will be taking over from Frank Clark, former Chairman and CEO of ComEd .Rau is President and Chief Executive Officer of Miami Corporation, a private diversified holding company.  Full Article

BMO CEO wants higher capital ratio to give flexibility
Tuesday, 10 Jan 2017 09:55am EST 

Bank Of Montreal : BMO ceo says canadian economy will move in lockstep with u.s. Economy going forward . BMO ceo says capital miscalcuation last year was 'unfortunate event' but bank has moved beyond it . BMO ceo says wants flexibility of having higher capital ratio so if opportunities present themselves the bank can capitalise on it Further company coverage: [BMO.TO] (Reporting by Matt Scuffham) ((matthew.scuffham@thomsonreuters.com;)).  Full Article

BMO Financial Group posts Q4 adjusted earnings of C$2.10/share
Tuesday, 6 Dec 2016 06:45am EST 

Bank of Montreal: BMO Financial Group reports net income of C$4.6 billion for fiscal 2016 . Q4 adjusted earnings per share C$2.10 . Q4 earnings per share C$2.02 . Q4 earnings per share view C$1.86 -- Thomson Reuters I/B/E/S . Qtrly total provision for credit losses was $174 million, an increase of $46 million from prior year . Bank of Montreal - assets under management and administration increased $12 billion or 1% from a year ago to $875 billion at quarter-end . Bank of Montreal - qtrly net interest income $2,498 million versus $2,311 million . Bank of Montreal - announced a q1 2017 dividend of $0.88 per common share, up $0.02 or 2% from preceding quarter .Bank of Montreal - BMO's common equity tier 1 (cet1) ratio was 10.1% at October 31, 2016.  Full Article

Bank of Montreal says preferred shares series 38 will be issued to public at $25 per share
Thursday, 13 Oct 2016 09:01am EDT 

Bank Of Montreal : Bank of Montreal announces preferred share issue . Bank of Montreal - announced a domestic public offering of $350 million of non-cumulative 5-year rate reset class B preferred shares series 38 .Bank of Montreal - preferred shares series 38 will be issued to public at a price of $25.00 per share.  Full Article

BMO financial group amends regulatory capital ratios
Tuesday, 4 Oct 2016 06:45am EDT 

Bank Of Montreal : BMO financial group amends regulatory capital ratios . Amending its previously disclosed regulatory capital ratios for first three quarters of 2016 . "no change to net income, shareholders' equity or common equity tier 1 capital and no change to risk of business." . Basel III capital ratios excluding impact of floor would be unchanged from those previously disclosed .Previously reported Q3 2016 basel III CET1 ratio was 10.5%; revised CET1 ratio is 10.0%, with application of floor.  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

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BRIEF-BMO Financial Group announces intention to repurchase up to 15 mln of its common shares

* BMO Financial Group announces intention to repurchase up to 15 million of its common shares