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Bank of Montreal (USA)

BMO

Latest Trade

104.03USD

Change

0.42(+0.41%)

Volume

431,287

Today's Range

102.85

 - 

104.14

52 Week Range

51.43

 - 

106.88

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

BMO Manually Adjudicating More Mortgages In Areas With Rapid House Price Appreciation - Conf Call

May 26 (Reuters) - Bank of Montreal <BMO.TO>::BMO’S IMPAIRED LOAN LOSSES EXPECTED TO NORMALIZE, AVERAGE LOW 20S BASIS POINTS IN FISCAL 2022- CONF CALL.BMO LOAN PIPELINES BACK TO PRE-PANDEMIC LEVELS BUT COMMERCIAL LOAN DEMAND STILL SUBDUED; EXPECT MODEST GROWTH FOR REMAINDER OF FISCAL 2021- CONF CALL.BMO EXPECTS REDUCTIONS IN PERFORMING LOAN LOSS ALLOWANCE LEVEL OVER NEXT 12-18 MONTHS TO SLIGHTLY ABOVE PRE-COVID LEVELS- CONF CALL.BMO EXECS SEE SOME MODERATION IN MORTGAGE GROWTH FROM RECENT CHANGES TO STRESS TEST BUT STILL EXPECT 'FAIRLY ROBUST' MORTGAGE MARKET- CONF CALL.BMO MANUALLY ADJUDICATING MORE MORTGAGES IN AREAS WITH RAPID HOUSE PRICE APPRECIATION, BUT ULTIMATELY CONSIDER BORROWERS' ABILITY TO PAY, NOT HOUSE PRICES- CONF CALL.BMO STRESS TESTING BROADER LOAN PORTFOLIOS AGAINST HIGHER INTEREST RATES ALONGSIDE INDIVIDUAL BORROWERS- CONF CALL.Further company coverage: BMO.TO. ((Reuters.Briefs@thomsonreuters.com;)).

BMO Financial Group Reports Second Quarter 2021 Results

May 26 (Reuters) - Bank of Montreal <BMO.TO>::BMO FINANCIAL GROUP REPORTS SECOND QUARTER 2021 RESULTS.Q2 EARNINGS PER SHARE C$1.91.Q2 EARNINGS PER SHARE ESTIMATE C$2.77 -- REFINITIV IBES DATA.Q2 COMMON EQUITY TIER 1 RATIO OF 13.0%, AN INCREASE FROM 11.0% IN PRIOR YEAR.QTRLY ADJUSTED EPS $3.13.QTRLY REVENUE C$6.08 BILLION VERSUS C$5.26 BILLION.Q2 REVENUE VIEW C$6.12 BILLION -- REFINITIV IBES DATA.QTRLY RETURN ON EQUITY OF 10.2%, AN INCREASE FROM 5.3%.QTRLY ADJUSTED ROE 16.7%, AN INCREASE FROM 5.5%.QTRLY TOTAL PROVISION FOR CREDIT LOSSES WAS $60 MILLION, A DECREASE OF $1,058 MILLION FROM $1,118 MILLION.

BMO Refocuses Wealth Management Business For North American Growth, Announces Sale Of EMEA Asset Management Business

April 12 (Reuters) - Bank of Montreal <BMO.TO>::BMO REFOCUSES WEALTH MANAGEMENT BUSINESS FOR NORTH AMERICAN GROWTH, ANNOUNCES SALE OF EMEA ASSET MANAGEMENT BUSINESS.BMO FINANCIAL GROUP - BANK WILL RECORD A NET WRITE-DOWN OF GOODWILL RELATED TO CERTAIN BUSINESSES OF ABOUT $745 MILLION AFTER-TAX IN Q2 2021.BMO FINANCIAL GROUP - BMO WEALTH MANAGEMENT TO ENTER INTO STRATEGIC RELATIONSHIP WITH COLUMBIA THREADNEEDLE INVESTMENTS.BMO FINANCIAL - ON PRO FORMA BASIS, TRANSACTION'S IMPACT ON BMO'S EFFICIENCY RATIO, ROE & CET1 RATIOS IS IMPROVEMENT OF ABOUT 64 BPS, 20 BPS & 29 BPS RESPECTIVELY.

BMO Expects 'Very Strong Recovery' In North America This Year Assuming Continued Vaccination Progress-Conf Call

Feb 23 (Reuters) - Bank of Montreal <BMO.TO>::BANK OF MONTREAL NOT 'COMPELLED' TO USE EXCESS CAPITAL FOR M&A, PREFERS NORTH AMERICA IF IT DOES DO DEALS-CONF CALL.BMO NOT 'BUILDING BUSINESS PLAN ON EXPECTATION' THAT REGULATOR WILL RELEASE RESTRICTIONS ON BUYBACKS, DIVIDEND INCREASES AT ANY PARTICULAR DATE-CONF CALL.BMO EXPECTS 'VERY STRONG RECOVERY' IN NORTH AMERICA THIS YEAR ASSUMING CONTINUED VACCINATION PROGRESS-CONF CALL.BMO SURPRISED BY ABILITY OF CLIENTS IN CORONAVIRUS-HIT SECTORS TO WEATHER STRESS, RESULTING IN LOW LOSS RATES- CONF CALL.

RBC CEO Mckay Says 'Feeling Very Confident' Of Beating Forecast Of Slower Mortgage Growth In 2021

Jan 11 (Reuters) - Royal Bank of Canada <RY.TO>::RBC CEO DAVE MCKAY SEES PENT-UP INFLATION FROM EXCESS DEMAND IN THE ECONOMY, BUT DOESN'T EXPECT INTEREST RATES TO RISE IN SHORT TERM.RBC CEO MCKAY SAYS 'FEELING VERY CONFIDENT' OF BEATING FORECAST OF SLOWER MORTGAGE GROWTH IN 2021, SEES CONDO MARKET RECOVER.MCKAY SAYS COULD USE EXCESS CAPITAL FOR ACQUISITIONS TO SCALE UP US WEALTH ADVISORY, PRIVATE BANKING AND COMMERCIAL BUSINESSES THAT DRIVE ROE GROWTH.BANK OF MONTREAL CEO DARRYL WHITE SAYS NEAR-TERM OUTLOOK MIGHT BE BETTER THAN FORECAST, NOT SEEING IMPAIRED LOAN LOSSES BETTER THAN EXPECTED.BMO CEO WHITE SAYS MAY SEE 'DRASTICALLY BETTER' ECONOMIC ENVIRONMENT IN SECOND HALF OF 2021, BUT WILL BE CAUTIOUS ON RELEASING CREDIT LOSS ALLOWANCES.DMO CEO WHITE SEES 5% TO 6% GLOBAL ECONOMIC GROWTH IN 2021; 4.5% TO 5% GROWTH IN CANADA, US.TD CEO BHARAT MASRANI SAYS IN DISCUSSIONS WITH SCHWAB ON EXPANDING STRATEGIC RELATIONSHIP.ELEVATED UNCERTAINTY RESULTING FROM ONGOING LOCKDOWNS IN CANADA MEANS FREEZE ON BANK SHARE BUYBACKS, DIVIDEND INCREASES TO CONTINUE- FINANCIAL REGULATOR.

BMO Financial Posts Q4 Adjusted Earnings Per Share C$2.41

Dec 1 (Reuters) - Bank of Montreal <BMO.TO>::BMO FINANCIAL GROUP REPORTS FOURTH QUARTER AND FISCAL 2020 RESULTS.Q4 EARNINGS PER SHARE C$2.37.Q4 EARNINGS PER SHARE ESTIMATE C$1.90 -- REFINITIV IBES DATA.Q4 ADJUSTED EARNINGS PER SHARE C$2.41.QTRLY REVENUE, NET OF CCPB, OF $5,986 MILLION, UP 4%.CURRENT QUARTER INCLUDES PCL ON PERFORMING LOANS OF $93 MILLION.QTRLY COMMON EQUITY TIER 1 RATIO OF 11.9%, UP FROM 11.4% IN PRIOR YEAR.QTRLY PROVISION FOR CREDIT LOSSES OF $432 MILLION, COMPARED WITH $253 MILLION.QTRLY ROE OF 12.4%, UP FROM 9.9%; ADJUSTED ROE OF 12.6%, COMPARED WITH 13.5%.Q4 EARNINGS PER SHARE VIEW C$1.90, REVENUE VIEW C$5.83 BILLION -- REFINITIV IBES DATA.

Bank Of Montreal - Tom Flynn Will Move From His Current Role As Chief Financial Officer To Become A Vice Chair

Bank of Montreal <BMO.TO>::BANK OF MONTREAL - TOM FLYNN WILL MOVE FROM HIS CURRENT ROLE AS CHIEF FINANCIAL OFFICER TO BECOME A VICE CHAIR.BANK OF MONTREAL - TAYFUN TUZUN WILL JOIN BMO AS DEPUTY CHIEF FINANCIAL OFFICER, AND WILL BECOME CFO, JANUARY 1, 2021, FOLLOWING A TRANSITION PERIOD.BANK OF MONTREAL - SIMON FISH WILL MOVE FROM HIS CURRENT ROLE AS GENERAL COUNSEL AND BECOME SPECIAL ADVISOR TO CEO.BANK OF MONTREAL - ALL APPOINTMENTS ARE EFFECTIVE JANUARY 1, 2021; TUZUN WILL JOIN BANK AS DEPUTY CFO ON NOVEMBER 16, 2020.

BMO Financial Group Announces Executive Appointments

Bank of Montreal <BMO.TO>::BMO FINANCIAL GROUP ANNOUNCES EXECUTIVE APPOINTMENTS.BANK OF MONTREAL - TOM FLYNN WILL MOVE FROM HIS CURRENT ROLE AS CHIEF FINANCIAL OFFICER TO BECOME A VICE CHAIR.BANK OF MONTREAL - TAYFUN TUZUN WILL JOIN BMO AS DEPUTY CHIEF FINANCIAL OFFICER, AND WILL BECOME CHIEF FINANCIAL OFFICER, JANUARY 1, 2021.

BMO Announces Partnership With The Clearing House, Launches Global Pay For U.S. Business Customers

Oct 9 (Reuters) - BMO FINANCIAL GROUP::BMO FINANCIAL GROUP - ANNOUNCES PARTNERSHIP WITH THE CLEARING HOUSE PAYMENTS COMPANY LLC, LAUNCHES GLOBAL PAY FOR U.S. BUSINESS CUSTOMERS.

BMO Expects Continued Provisions, Impaired Loan Formations In Oil And Gas Portfolio For Next Two Quarters - Conf Call

Aug 25 (Reuters) - Bank of Montreal <BMO.TO>::BANK OF MONTREAL EXPECTS TO SEE IMPAIRED LOAN LOSS RATE RISE TO A RATE IN THE 40S IN TERMS OF BASIS POINTS FOR THE NEXT FEW QUARTERS - CONF CALL.BMO EXPECTS TO CONTINUED PROVISIONS AND IMPAIRED LOAN FORMATIONS IN OIL AND GAS PORTFOLIO FOR NEXT TWO QUARTERS - CONF CALL.BMO SAYS ADEQUATELY PROVISIONED FOR END OF CONSUMER LOAN DEFERRALS- CONF CALL.BMO EXPECTS PROVISIONS FOR PERFORMING LOANS TO DECLINE ‘QUITE SUBSTANTIALLY’ OVER THE NEXT QUARTER OR TWO- CONF CALL.BMO EXPECTS DELINQUENCIES OF 1% TO 2% ON CONSUMER LOANS WHOSE DEFERRALS HAVE ALREADY EXPIRED- CONF CALL.BMO EXPECTS DELINQUENCY RATES TO BE BETWEEN 1% AND 5% OF TOTAL BALANCES OF ALL DEFERRED LOANS- CONF CALL.BMO SAYS ABOUT 10% OF CONSUMERS WITH DEFERRED LOANS RECEIVING UNEMPLOYMENT BENEFITS, ‘LARGE PROPORTION’ CONTINUING TO MAKE PAYMENTS- CONF CALL.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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