Bank Of Montreal Stock Price, News & Analysis

BMO Financial Group (NYSE: BMO) has announced plans to terminate its existing share buyback program and establish a new, larger normal course issuer bid to purchase and cancel up to 30 million common shares, subject to regulatory approvals. The bank has already purchased 15.7 million shares under the existing bid that was set to end January 21, 2026.

The new buyback program represents approximately 4.2% of BMO's public float as of July 31, 2025. The bank had 716,360,515 common shares outstanding, with a public float of 716,119,627 shares. Purchases will be made through the Toronto Stock Exchange and other designated exchanges, with pricing generally at market value except for exempt order purchases.

BMO Financial Group (NYSE: BMO) has announced its quarterly dividend declarations for Q4 fiscal year 2025. The bank will maintain its common share dividend at $1.63 per share, payable on November 26, 2025, to shareholders of record on October 30, 2025.

The bank also declared dividends for several preferred share series: $0.426 for Series 44, $36.865 for Series 50, and $35.285 for Series 52. Common shareholders can participate in the Dividend Reinvestment and Share Purchase Plan, with additional shares to be purchased on the open market without a discount.

BMO Financial Group (NYSE:BMO) reported strong Q3 2025 financial results with reported net income of $2,330 million, up 25% year-over-year, and adjusted net income of $2,399 million, up 21%. The bank achieved reported EPS of $3.14 (up 26%) and adjusted EPS of $3.23 (up 22%).

Key highlights include a strong CET1 ratio of 13.5%, improved credit performance with PCL of $797 million (down from $906 million), and maintained quarterly dividend of $1.63 per share. BMO announced plans for a new NCIB to purchase up to 30 million common shares and the acquisition of Burgundy Asset Management Ltd. to expand wealth management capabilities.

Performance across segments showed notable strength in U.S. P&C (up 51%), BMO Wealth Management (up 20%), and BMO Capital Markets (up 13%), while Canadian P&C saw a 5% decrease in reported net income.

BMO has announced the acquisition of Burgundy Asset Management Ltd. for approximately $625 million, payable in BMO common shares. The deal includes a $125 million holdback contingent on maintaining assets under management and potential earn-out based on growth targets. Burgundy, founded in 1990, manages approximately $27 billion in assets and serves high-net-worth individuals, foundations, endowments, pensions, and family offices through 150 employees across Toronto, Vancouver, and Montreal. The acquisition will expand BMO Wealth Management's capabilities and strengthen its Investment Counsel offerings. Upon closing, expected by the end of 2025, Burgundy will operate under BMO Wealth Management, with current CEO Robert Sankey continuing to lead the business and co-founders Tony Arrell and Richard Rooney remaining with the company.

BMO Financial Group announced significant executive appointments effective July 7, 2025, aimed at strengthening client service and supporting growth across Canada and the US. Key appointments include Aron Levine as Group Head and President of BMO US, bringing three decades of banking experience and impressive track record of growing assets from $60B to $500B. Nadim Hirji becomes Vice-Chair of BMO Commercial Banking, while Ernie Johannson plans to retire in 2026 and transitions to Senior Advisor. Sharon Haward-Laird is appointed Group Head of Canadian Commercial Banking and North American Shared Services, Mat Mehrotra becomes Group Head of Canadian Personal & Business Banking, and several other strategic appointments were made to streamline decision-making and improve profitability. The restructuring includes combining US Personal & Business Banking, Commercial Banking, and Wealth Management operations to optimize ROE and enhance service delivery.

Bank of Montreal (BMO) announced a ticker symbol change for its MicroSectors FANG+ 3× Leveraged ETNs, transitioning from FNGB to FNGU on NYSE Arca effective June 24, 2025. These ETNs, due February 17, 2045, are designed as sophisticated daily trading tools offering 3x leveraged exposure to the NYSE FANG+ Index. BMO emphasizes these instruments are not meant for buy-and-hold strategies due to their daily leverage reset mechanism, which can lead to significant performance divergence from the underlying index over time. The ETNs carry substantial risk and are only suitable for sophisticated investors who actively monitor and understand leveraged ETN dynamics.

BMO successfully concluded its first North American BMO Walks for Good campaign, raising nearly $2.4 million CAD for mental health organizations. Almost 13,000 participants, including BMO employees, friends, and family members, participated in walks across multiple cities in May 2025. The campaign supported Kids Help Phone (KHP) in Canada and the National Alliance on Mental Illness (NAMI) in the US. BMO has been a long-term partner of KHP since 1989, committing over $21.4 million CAD to their Feel Out Loud campaign. In the US, BMO has donated over $320,000 USD to NAMI since 2024. The initiative aims to provide inclusive mental health support across North America while reducing stigma and fostering meaningful connections.

BMO Financial Group (NYSE:BMO) has announced a dividend increase for the third quarter of fiscal year 2025. The quarterly dividend on common shares will be $1.63 per share, representing a 4 cent (3%) increase from the previous quarter and a 5% increase from the prior year. The dividend will be payable on August 26, 2025, to shareholders of record on July 30, 2025.

Additionally, BMO declared dividends on preferred shares: $0.190875 per share for Series 33 and $0.426 per share for Series 44, both payable on August 25, 2025. Shareholders can participate in the Dividend Reinvestment and Share Purchase Plan to reinvest their cash dividends in common shares, with purchases made on the open market without a discount.

BMO Financial Group reported strong Q2 2025 financial results with reported net income of $1,962 million (up from $1,866 million YoY) and adjusted net income of $2,046 million (up from $2,033 million YoY). The bank's EPS increased to $2.50 from $2.36 YoY, while adjusted EPS rose to $2.62 from $2.59. BMO announced a quarterly dividend increase of 5% YoY to $1.63 per share. The bank maintained a strong CET1 ratio of 13.5% and repurchased 7 million common shares. However, provision for credit losses increased to $1,054 million from $705 million YoY. Performance across segments showed mixed results, with BMO Wealth Management showing growth while Canadian P&C experienced a decline in net income.