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Bank of Montreal - BMO STOCK NEWS

Welcome to our dedicated page for Bank of Montreal news (Ticker: BMO), a resource for investors and traders seeking the latest updates and insights on Bank of Montreal stock.

The Bank of Montreal (BMO), a diversified financial-services provider based in North America, caters to a wide array of financial needs through its four primary business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets. Headquartered in Toronto, BMO primarily operates in Canada, with a substantial presence in the U.S.

At BMO, we are committed to helping people at every stage of their financial lives, adapting to evolving customer needs while maintaining a consistent dedication to exceptional service. Our team of over 46,000 employees ensures we deliver the best possible banking experience, whether through personal banking, commercial banking, or wealth management services.

In the fiscal year 2023, BMO reported strong financial results despite a challenging economic backdrop. This included a net income of $1,617 million for the fourth quarter, marking a testament to the bank's robust business diversification and strategic initiatives. Major accomplishments included the acquisition and integration of Bank of the West, significantly enhancing our scale and growth opportunities in the U.S.

Furthermore, BMO has demonstrated a commitment to digital innovation, with advanced digital capabilities recognized by J.D. Power for personal banking customer satisfaction. The bank has also expanded its portfolio by acquiring the AIR MILES Reward Program, further enriching our customer loyalty offerings.

As we look to 2024, BMO remains poised for future growth, focused on strategic investments and dynamic expense management to continue delivering consistent and differentiated performance. We aim to leverage our position as a leading financial services provider to foster a thriving economy, support a sustainable future, and promote an inclusive society.

For the most updated financial statements and management discussions, please visit our Investor Relations page.

News

BMO Financial Group Releases Supplementary Financial Information Reflecting Changes in Presentation

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BMO Financial Group released an abridged Supplementary Financial Information package containing certain quarterly and annual financial information for fiscal 2023 and 2022. The changes in presentation were adopted as of November 1, 2023, including those related to changes in International Financial Reporting Standard 17, Insurance Contracts (IFRS 17) which replaces existing IFRS 4, Insurance Contracts (IFRS 4). The impact of these combined changes is a reduction in opening retained earnings as at November 1, 2022 of $974 million after-tax. Fiscal 2023 restated results may not be fully representative of the future earnings profile. Certain reclassifications were reflected, including changes in accounting policy for securities transactions, realignment of business units, and changes in group allocations effective the first quarter of 2024.
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BMO Named One of the Best Banks of 2024 in the U.S. by GOBankingRates

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BMO has been named one of the 'Best Banks of 2024' by GOBankingRates, recognized for its 'dependable products' in the categories of Best Checking Accounts, Best High Yield Savings Accounts, and Best CD Accounts. The bank's comprehensive and easy-to-use mobile app was also highlighted. BMO's industry-leading checking accounts, convenient savings accounts, and certificate of deposits (CDs) were praised for providing customers with the best tools and resources to help them achieve financial progress. GOBankingRates ranked BMO based on factors such as customer service, total assets, minimum deposit requirements, loan and credit card options, and mobile app ratings.
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BMO Arranges Green Financing to Fund New Lawson Centre for Sustainability, Trinity College';s Most Significant Build in a Century

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Trinity College (TRIN) secures North America's first labelled Green Loan for Lawson Centre for Sustainability, arranged by BMO. The multi-use facility will add 14,450 square meters of residential, academic, social, and dining spaces, increasing residential capacity from 450 to 800 beds. The Lawson Centre will feature geothermal heating and cooling, rooftop photovoltaics, triple-glazed windows, rainwater collection, and locally sourced materials. It aims to achieve LEED Platinum, WELL, and Canada Green Building Council certifications, aligning with UN Sustainability Development Goals. BMO has been carbon neutral since 2010 and aims to be a leader in the transition to a net-zero world.
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BMO Earns "Outstanding" Rating for its Community Reinvestment Act Performance

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BMO Financial Corp (BMO) has received an Outstanding rating from the Office of the Comptroller of the Currency (OCC) for its Community Reinvestment Act (CRA) Performance Evaluation. This is the third consecutive time BMO has achieved this rating, with fewer than 10% of banks receiving such a rating over the past 10 years. The evaluation highlighted BMO's leadership in providing community development loans, totaling over $4.5 billion, and its commitment to supporting organizations in communities across the United States through EMpower 2.0, a more than $40 billion commitment.
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BMO ranked one of the most sustainable companies in North America on the Dow Jones Sustainability Indices

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BMO (Bank of Montreal) has been named to the Dow Jones Sustainability North America Index (DJSI) for the eighteenth year. It received the highest possible score in Customer Relationship Management and strong performance in areas such as Risk & Crisis Management, Information Security/Cybersecurity, and System Availability. BMO's commitment to sustainability is reflected in its Purpose, guiding its strategy, ambition, and commitments for a thriving economy, a sustainable future, and an inclusive society.
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BMO Launches MAX™ S&P 500® 4X Leveraged Exchange Traded Notes on NYSE Arca

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Bank of Montreal (BMO) introduces 4X leveraged Exchange Traded Notes (ETNs) linked to the S&P 500® Total Return Index (ticker: XXXX) in the United States. The MAX™ S&P 500® 4X Leveraged ETNs will start trading on NYSE Arca, offering sophisticated investors a means of potentially enhancing their returns while tracking the performance of the Index.
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BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 6 per cent from the prior year

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Bank of Montreal (BMO) increases quarterly dividend by 3% for the first quarter of fiscal year 2024. The company also declared dividends for various preferred shares, all payable in February 2024. Shareholders may opt for dividend reinvestment with a two percent discount.
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BMO Financial Group Reports Fourth Quarter and Fiscal 2023 Results

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BMO Financial Group (BMO) releases 2023 audited annual consolidated financial statements and MD&A
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BMO Expands Digital Personal Banking Products and Resources that Support Real Financial Progress Nationwide

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BMO has launched its digital Real Financial Progress Hub, providing customers with easy access to personal finance advice, tools, and resources. The hub offers unique products and services to support customers' financial progress. It also allows customers to explore multiple financial goals from one platform. BMO aims to make financial progress easier for its customers.
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BMO Climate Institute Business Leaders Survey: Nearly Half of Business Leaders in the U.S. and Canada Believe Climate Change Has Already Affected Their Businesses, but Few Have a Strategy

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Nearly half of business leaders in the US and Canada believe climate change has already affected their businesses, but few have a strategy
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FAQ

What is the current stock price of Bank of Montreal (BMO)?

The current stock price of Bank of Montreal (BMO) is $96.54 as of December 20, 2024.

What is the market cap of Bank of Montreal (BMO)?

The market cap of Bank of Montreal (BMO) is approximately 70.2B.

What are the main business segments of BMO?

BMO operates in four main business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.

How many employees does BMO have?

BMO has over 46,000 employees committed to providing exceptional banking services.

What was BMO's net income for Q4 2023?

For the fourth quarter of 2023, BMO recorded a net income of $1,617 million.

What recent acquisitions has BMO completed?

BMO recently acquired Bank of the West and the AIR MILES Reward Program, enhancing its customer reach and service offerings.

How is BMO recognized for its digital capabilities?

BMO has been recognized by J.D. Power for personal banking customer satisfaction, reflecting its strong digital capabilities.

What are BMO's strategic priorities for 2024?

BMO's strategic priorities for 2024 focus on dynamic expense and capital management, leveraging digital innovations, and enhancing customer experiences.

How does BMO support sustainable and inclusive growth?

BMO is committed to driving positive change for a thriving economy, a sustainable future, and an inclusive society.

Where can I find BMO's latest financial statements?

BMO's latest financial statements are available on their Investor Relations page at www.bmo.com/investorrelations.

What is BMO's approach to customer satisfaction?

BMO focuses on delivering innovative digital experiences and expert guidance to support customers' financial goals, recognized for its customer satisfaction in personal banking.

How has the acquisition of Bank of the West impacted BMO?

The acquisition of Bank of the West has strengthened BMO's position in North America, providing increased scale and access to growth opportunities in new markets.

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Bank of Montreal

NYSE:BMO

BMO Rankings

#187 Ranked by Market Cap
#411 Ranked by Dividends

BMO Stock Data

70.18B
729.41M
0.03%
53.39%
0.76%
Banks - Diversified
Commercial Banks, Nec
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United States of America
TORONTO