Bank of Montreal

Bank of Montreal engages in the provision of banking and financial services to individuals and institutions. It operates through the following segments: Canadian Personal and Commercial Banking (Canadian P&C) and United States Personal and Commercial Banking (U.S. P&C). The Canadian P&C segment refers to retail banking and financial operations in Canada. The U.S. P&C segment offers retail banking and financial solutions in United States. The company was founded by Robert Armour, John C. Bush, Austin Cuvillier, George Garden, Horatio Gates, James Leslie, George Moffatt, John Richardson and Thomas A. Turner on June 23, 1817 and is headquartered in Toronto, Canada.

Earnings data Q1 2021

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Bank of Montreal engages in the provision of banking and financial services to individuals and institutions. It operates through the following segments: Canadian Personal and Commercial Banking (Canadian P&C), United States Personal and Commercial Banking (U.S. P&C), BMO Wealth Management, BMO Capital Markets, and Corporate Services. The company was founded by Robert Armour, John C. Bush, Austin Cuvillier, George Garden, Horatio Gates, James Leslie, George Moffatt, John Richardson and Thomas A. Turner on June 23, 1817 and is headquartered in Toronto, Canada.

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The Precious Metals R&S Index declined by 3.68% in January. The Precious Metals R&S Equally Weighted Index declined by 4.87%. The best performance was recorded by Orogen Royalties; its share price grew by 6.12%.

Precious Metals Royalty And Streaming Companies: The January Report

AUSTIN, Texas--(BUSINESS WIRE)--Agent IQ, a pioneer in digital relationship banking and providing personalized engagement and AI-supported self-service, announced its expanded partnership with BMO (TSX: BMO) (NYSE: BMO) through the launch of “Bili”, an innovative digital tool that further enhances the bank's Canadian online trading platform, BMO InvestorLine. Bili, powered by Agent IQ's personal digital engagement platform, Lynq™ provides BMO InvestorLine clients access to live chat and seamles.

BMO Taps Agent IQ to Continue Enhancing Client Experience at BMO InvestorLine

TORONTO , Jan. 29, 2024 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today released an abridged Supplementary Financial Information package containing certain quarterly and annual financial information for fiscal 2023 and 2022 that reflect changes in presentation that 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).  As disclosed in BMO's 2023 Consolidated Financial Statements, upon transition to IFRS 17, we applied the full retrospective approach to our creditor business and the fair value approach to all other products written prior to November 1, 2022.

BMO Financial Group Releases Supplementary Financial Information Reflecting Changes in Presentation

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Bank of Montreal, Toronto-Dominion Bank, and Bank of Nova Scotia yield from roughly 4.5% to 7%. Canadian regulators are stricter than American ones.

3 Incredibly Cheap High-Yield Bank Stocks to Buy Now

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The S&P500 delivered a strong year-end rally, gaining 4.5% in December and 26.3% for the year.

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NEW YORK , Dec. 4, 2023 /PRNewswire/ - Bank of Montreal (BMO) today announced the launch of 4X leveraged Exchange Traded Notes (ETNs) linked to the S&P 500 ® Total Return Index (the "Index") in the United States. These ETNs are intended to offer sophisticated investors a return linked to a four times leveraged participation in the daily performance of the Index, before taking into account fees and charges.

BMO Launches MAX™ S&P 500® 4X Leveraged Exchange Traded Notes on NYSE Arca

Bank of Montreal upgraded to Buy from previous Hold rating in August, now in line with consensus from Wall Street. Positives are a +5% dividend yield and $1.12/share payout, share price trading below the moving average, and reasonable valuations (P/E, P/B). The risk of squeezing interest margins should provide at least some cautious sentiment, as the current rate environment continues.

Bank of Montreal: Upgrade To Buy, +5% Dividend Yield And Attractive Valuation

Elevated expenses and higher provisions hurt Bank of Montreal's (BMO) fiscal Q4 results. Yet, a rise in revenues and a solid balance sheet offer some support.

Bank of Montreal (BMO) Rises 2.4% Despite Lower Q4 Earnings

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Bank of Montreal (NYSE:BMO ) Q4 2023 Earnings Call Transcript December 1, 2023 8:00 AM ET Company Participants Christine Viau - IR Darryl White - CEO Tayfun Tuzun - CFO Piyush Agrawal - CRO Nadim Hirji - Head of BMO Commercial Banking Ernie Johannson - Head of BMO North American Personal and Business Banking Conference Call Participants Meny Grauman - Scotiabank Ebrahim Poonawala - Bank of America Gabriel Dechaine - National Bank Financial Doug Young - Desjardins Capital Markets Darko Mihelic - RBC Capital Markets Paul Holden - CIBC Mario Mendonca - TD Securities Mike Rizvanovic - KBW Research Operator Good morning, and welcome to BMO Financial Group's Q4 2023 Earnings Release and Conference Call for December 1, 2023. Your host for today is Christine Viau.

Bank of Montreal (BMO) Q4 2023 Earnings Call Transcript

TORONTO , Dec. 1, 2023 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.51 per share on paid-up common shares of Bank of Montreal for the first quarter of fiscal year 2024 ("Q1 2024 Dividend"), a 4 cent, or 3 per cent, increase from the prior quarter, up 6 per cent from the prior year. The Board of Directors also declared dividends of: $0.24075 per share on paid-up Class B Preferred Shares Series 27; $0.2265 per share on paid-up Class B Preferred Shares Series 29; $0.240688 per share on paid-up Class B Preferred Shares Series 31; $0.190875 per share on paid-up Class B Preferred Shares Series 33; $0.426 per share on paid-up Class B Preferred Shares Series 44; and $0.31875 per share on paid-up Class B Preferred Shares Series 46.

BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 6 per cent from the prior year

BMO's 2023 audited annual consolidated financial statements and accompanying Management Discussion and Analysis (MD&A) are available online at www.bmo.com/investorrelations and at www.sedarplus.ca. Financial Results Highlights Fourth Quarter 2023 Compared with Fourth Quarter 2022: Net income of $1,617 million, compared with $4,483 million; adjusted net income 1, 3 of $2,150 million, compared with $2,136 million Reported earnings per share (EPS) 2 of $2.06, compared with $6.51; adjusted EPS 1, 2, 3 of $2.81, compared with $3.04 Provision for credit losses (PCL) of $446 million, compared with $226 million Return on equity (ROE) of 8.6%, compared with 27.6%; adjusted ROE 1, 3 of 11.7%, compared with 12.9% Common Equity Tier 1 (CET1) Ratio 4 of 12.5%, compared with 16.7% Fiscal 2023 Compared with Fiscal 2022: Net income of $4,377 million, compared with $13,537 million; adjusted net income 1, 3 of $8,675 million, compared with $9,039 million Reported EPS 2 of $5.68, compared with $19.99; adjusted EPS 1, 2, 3 of $11.73, compared with $13.23 PCL of $2,178 million, compared with $313 million; adjusted PCL 1, 3 of $1,473 million, compared with $313 million ROE of 6.0%, compared with 22.9%; adjusted ROE 1, 3 of 12.3%, compared with 15.2% Adjusted 1, 3 results in the current quarter and the prior year excluded the following items: Acquisition and integration costs of $433 million ($582 million pre-tax) in the current quarter, and $145 million ($193 million pre-tax) in the prior year.

BMO Financial Group Reports Fourth Quarter and Fiscal 2023 Results

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Americans are increasingly worried about job losses, and long-term inflation expectations are at a 12-year high. Leading economic indicators suggest a potential recession within three months, while unemployment is predicted to rise, and stagflation is a concern. A-rated ultra-yielding SWANs are a great way to invest money wisely during a high uncertainty period. Rock-solid balance sheets, great risk management, and safe ultra-yield is always in fashion.

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Bank of Montreal is exploring the sale of a portfolio of recreational vehicle loans, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

Bank of Montreal is exploring sale of RV loan portfolio - Bloomberg News

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Bank of Montreal on Tuesday named Alan Tannenbaum as the new head of the bank's capital market division, to replace outgoing CEO Dan Barclay, who is retiring in November.

BMO promotes Alan Tannenbaum to head capital markets division

TORONTO and NEW YORK , Oct. 10, 2023 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced the upcoming retirement of its Chief Executive Officer & Group Head, Capital Markets, Dan Barclay, and the appointment of Alan Tannenbaum into the role.  After a 32-year investment banking career, Mr.

BMO Announces Retirement of Dan Barclay, Names Alan Tannenbaum CEO, BMO Capital Markets

Recent M&A activity has grown BMO's business portfolio. BMO has shown resilience in spite of a volatile economy. Price target: $83-$118.

Bank of Montreal's 5% Yield: Value Opportunity?

Bank of Montreal (BMO) is winding down its retail auto finance business and shifting focus to other areas in a move that will result unspecified number of job losses, Canada's third largest bank said on Saturday.

Canadian lender BMO to wind down retail auto finance business

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Certain value stocks, including REITs, utilities, and particular financials, have suffered in recent months. Canadian banks are ranked among the safest banks in the world and have not cut their dividends in nearly 200 years. These are the most dependable dividend stocks on earth. The current bear market in Canadian banks presents a buying opportunity with attractive yields and solid long-term growth prospects.

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Summit Financial Group, Inc. (SMMF), Greif, Inc. (GEF), Bank of Montreal (BMO), Avnet, Inc. (AVT) & Deere & Company (DE) recently hiked dividends.

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Bank of Montreal has maintained a consistent strategy in terms of its expansion that has paid off well in the past. Its latest acquisition is from the same playbook of growing and using its growth to expand the U.S., which gets the bank ready for the next acquisition. There is quality in its growth, and this is evidenced well in its safety metrics.

Bank of Montreal: Its Direction Shows Promise

An increase in revenues and a rise in deposit balance support Bank of Montreal's (BMO) fiscal Q3 results. Yet, elevated expenses, a decline in loan balance and higher provisions are a concern.

Bank of Montreal (BMO) Q3 Earnings Decline Y/Y, Revenues Rise

TORONTO , Aug. 30, 2023 /PRNewswire/ - Bank of Montreal today announced the appointment of Hazel Claxton, former Executive Vice-President and Chief Human Resources Officer of Morneau Shepell Inc. (now part of TELUS Health), to its Board of Directors. "We are pleased to welcome Hazel to the Board of Directors," said George A.

Hazel Claxton Appointed to Bank of Montreal Board of Directors

News for Bank of Montreal Stock (BMO)