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.

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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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TORONTO and MONTREAL , Dec. 16, 2022 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) (the "Bank") today announced that it has completed its previously announced issue and sale of common shares pursuant to a public offering and a concurrent private placement to investors at a price of C$118.60 per common share for gross proceeds totaling approximately C$2.6 billion, consisting of approximately C$1.6 billion of gross proceeds from the public offering and approximately C$1.0 billion of gross proceeds from the concurrent private placement to investors, other than BNP Paribas S.A. ("BNPP"). The syndicate of underwriters in the public offering elected to exercise its over-allotment option in full, resulting in a total of 13,575,750 common shares being issued today pursuant to the public offering.

Bank of Montreal Completes Offering of Common Shares including Full Exercise of Over-Allotment Option on Public Offering

TORONTO and MONTREAL , Dec. 12, 2022 /PRNewswire/ - Bank of Montreal (TSX: BMO)(NYSE: BMO) (the "Bank", "we" or "us") today announced the issue and sale of common shares pursuant to a public offering and a concurrent private placement for gross proceeds totaling approximately C$3.15 billion. This follows the announcement by the Office of the Superintendent for Financial Institutions ("OSFI") of its intention to increase the domestic stability buffer ("DSB") for Domestic Systemically Important Banks ("D-SIBs").

Bank of Montreal Announces Offering of Common Shares for Gross Proceeds of C$3.15 Billion following the increase to the Domestic Stability Buffer

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TORONTO , Dec. 1, 2022 /PRNewswire/ - Bank of Montreal (BMO) (NYSE: BMO) (TSX: BMO) announced today it has completed the acquisition of Radicle Group Inc., a Calgary-based leader in sustainability advisory services and market-based solutions, and technology-driven emissions measurement and management. Radicle's management team and staff will join BMO Capital Markets' Global Markets group, effective immediately.

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Bank of Montreal (NYSE:BMO ) Q4 2022 Earnings Call Transcript December 1, 2022 8:30 AM ET Company Participants Christine Viau - Investor Relations Darryl White - Chief Executive Officer Tayfun Tuzun - Chief Financial Officer Piyush Agrawal - Chief Risk Officer Ernie Johannson - Head of Canadian P&C Dave Casper - Chief Executive Officer, U.S. P&C Dan Barclay - Chief Executive Officer & Group Head, BMO Capital Markets Conference Call Participants Ebrahim Poonawala - Bank of America Meny Grauman - Scotiabank Doug Young - Desjardin Capital Markets Gabriel Dechaine - National Bank Financial Paul Holden - CIBC Lemar Persaud - Cormark Securities Mario Mendonca - TD Securities Joo Ho Kim - Credit Suisse Scott Chan - Canaccord Genuity Operator Good morning, and welcome to the BMO Financial Group's Q4 2022 earnings release and conference call for December 1, 2022. Your host for today is Christine Viau.

Bank of Montreal (BMO) Q4 2022 Earnings Call Transcript

TORONTO , Dec. 1, 2022 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.43 per share on paid-up common shares of Bank of Montreal for the first quarter of fiscal year 2023 ("Q1 2023 Dividend"), a 4 cent, or 3 per cent, increase from the prior quarter, up 8 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; $0.303125 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 8 per cent from the prior year

BMO's 2022 audited annual consolidated financial statements and accompanying Management Discussion and Analysis (MD&A) are available online at www.bmo.com/investorrelations and at www.sedar.com. Financial Results Highlights Fourth Quarter 2022 Compared with Fourth Quarter 2021: Net income of $4,483 million, compared with $2,159 million; adjusted net income1,3,4 of $2,136 million, compared with $2,226 million Reported earnings per share (EPS)2 of $6.51, compared with $3.23; adjusted EPS1,2,3,4 of $3.04, compared with $3.33 Provision for credit losses (PCL) of $226 million, compared with a recovery of the provision for credit losses of $126 million Return on equity (ROE) of 27.6%, compared with 16.0%; adjusted ROE1,3,4 of 12.9%, compared with 16.5% Common Equity Tier 1 Ratio5 of 16.7%, compared with 13.7% Fiscal 2022 Compared with Fiscal 2021: Net income of $13,537 million, compared with $7,754 million; adjusted net income1,3,4 of $9,039 million, compared with $8,651 million Reported EPS2 of $19.99, compared with $11.58; adjusted EPS1,2,3,4 of $13.23, compared with $12.96 Provision for credit losses of $313 million, compared with a provision of $20 million ROE of 22.9%, compared with 14.9%; adjusted ROE1,3,4 of 15.2%, compared with 16.7% TORONTO , Dec. 1, 2022 /PRNewswire/ - For the fourth quarter ended October 31, 2022, BMO Financial Group (TSX: BMO) (NYSE: BMO) recorded net income of $4,483 million or $6.51 per share on a reported basis, and net income of $2,136 million or $3.04 per share on an adjusted basis.

BMO Financial Group Reports Fourth Quarter and Fiscal 2022 Results

NEW YORK , Nov. 21, 2022 /PRNewswire/ - Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced that it will implement a reverse split of the ETNs listed in the table below, expected to be effective as of December 2, 2022. The table below indicates the ETNs that will be subject to the reverse split, their respective trading symbols, the applicable reverse split ratio, their current CUSIP numbers, and the CUSIP numbers that they will receive after giving effect to the reverse split: ETNs Ticker Symbol Reverse Split Ratio Current CUSIP / New CUSIP MicroSectorsTM U.S. Big Oil Index -3X Inverse Leveraged ETNs due March 25, 2039 NRGD 1 for 10 06367V303 / 06368L106 MicroSectors™ Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs due June 28, 2041 OILD 1 for 10 063679575 / 06368L205 The reverse splits will be effective at the open of trading on December 2, 2022.

Bank of Montreal Announces the Reverse Split of Two Series of ETNs

The Minnesota unit of Canada's Bank of Montreal (CSE:BMO) (BMO) has been found liable for over US$550mln in damages regarding a Ponzi scheme operated by a local businessman, resulting in the bank to book a charge of US$834mln. Thomas Petters was found guilty of masterminding a US$3.65bn Ponzi scheme in 2009.

Canada's Bank of Montreal liable for damages over Ponzi scheme

TORONTO and CHICAGO , Nov. 8, 2022 /PRNewswire/ - BMO Financial Group (TSX: BMO) (NYSE: BMO) announced today that its subsidiary, BMO Harris Bank N.A. (BMO Harris) intends to pursue all available legal options including appealing the jury verdict and award in a lawsuit related to a Ponzi scheme carried out by Thomas J.

BMO Harris to Appeal Verdict in Petters Litigation

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National Bank of Canada and Canadian Imperial Bank of Commerce (CIBC) have dropped out as bidders for HSBC Holdings PLC's business in Canada, while Bank of Montreal is still pursuing the deal, according to a report in The Globe and Mail newspaper.

HSBC's Canada unit loses National Bank, CIBC as bidders, Global and Mail reports

NEW YORK , Oct. 21, 2022 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it will implement a reverse split of the ETNs listed in the table below, expected to be effective as of October 31, 2022. The table below indicates the ETNs that will be subject to the reverse split, their respective trading symbols, the applicable reverse split ratio, their current CUSIP numbers, and the CUSIP numbers that they will receive after giving effect to the reverse split: ETNs Ticker Symbol Reverse Split Ratio Current CUSIP / New CUSIP MicroSectorsTM FANG & Innovation 3X Leveraged ETNs due June 28, 2041 BULZ 1 for 10 063679617 / 063679559 MicroSectorsTM FANG+TM Index 3X Leveraged ETNs due January 8, 2038 FNGU 1 for 10 063679872 / 063679534 MicroSectorsTM Gold Miners 3X Leveraged ETNs due June 29, 2040 GDXU 1 for 10 063679658 / 063679542 The reverse splits will be effective at the open of trading on October 31, 2022.

Bank of Montreal Announces the Reverse Split of Three Series of ETNs

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Bank Of Montreal: Not A Bad Time To Accumulate Shares

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Bank of Montreal (BMO) records a marginal rise in adjusted revenues in the third quarter of fiscal 2022 (ended Jul 31).

Bank of Montreal (BMO) Stock Dips as Q3 Earnings Decline Y/Y

The stock price of BMO Financial Group (BMO) fell by 3.11% in the previous trading session. This is why.

BMO Financial Group (BMO) Stock: Why It Fell 3.11%

Bank of Montreal (NYSE:BMO ) Q3 2022 Earnings Conference Call August 30, 2022 8:00 AM ET Company Participants Christine Viau - Investor Relations Darryl White - Chief Executive Officer Tayfun Tuzun - Chief Financial Officer Pat Cronin - Chief Risk Officer Dave Casper - Chief Executive Officer, U.S. P&C Conference Call Participants John Aiken - Barclays Ebrahim Poonawala - Bank of America Doug Young - Desjardin Capital Markets Scott Chan - Canaccord Genuity Gabriel Dechaine - National Bank Financial Paul Holden - CIBC Meny Grauman - Scotiabank Mario Mendonca - TD Securities Lemar Persaud - Cormark Securities Darko Mihelic - RBC Capital Markets Operator All participants please standby. Your meeting is about to begin.

Bank of Montreal (BMO) Q3 2022 Earnings Call Transcript

Bank of Montreal (BMO) closed out a mixed quarter for Canada's biggest banks on Tuesday, with investors and analysts expecting some earnings drivers to ebb and economic uncertainties to increase in future quarters.

Canadian banks brace for uncertainties after mixed quarter

BMO's Third Quarter 2022 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended July 31, 2022, is available online at www.bmo.com/investorrelations and at www.sedar.com . Financial Results Highlights Third Quarter 2022 Compared with Third Quarter 2021: Net income of $1,365 million, compared with $2,275 million; adjusted net income1,3 of $2,132 million, compared with $2,292 million Reported earnings per share (EPS)2 of $1.95, compared with $3.41; adjusted EPS1,2,3 of $3.09, compared with $3.44 Provision for credit losses (PCL) of $136 million, compared with a recovery of the provision for credit losses of $70 million Return on equity (ROE) of 8.8%, compared with 17.5%; adjusted ROE1,3 of 13.8%, compared with 17.6% Common Equity Tier 1 Ratio4 of 15.8%, compared with 13.4% Year-to-Date 2022 Compared with Year-to-Date 2021: Net income of $9,054 million, compared with $5,595 million; adjusted net income1,3 of $6,903 million, compared with $6,425 million Reported EPS2 of $13.45, compared with $8.35; adjusted EPS1,2,3 of $10.20, compared with $9.63 Provision for credit losses of $87 million, compared with a provision of $146 million ROE of 21.1%, compared with 14.5%; adjusted ROE1,3 of 16.0%, compared with 16.7% TORONTO , Aug. 30, 2022 /PRNewswire/ - For the third quarter ended July 31, 2022, BMO Financial Group (TSX:BMO) (NYSE:BMO) recorded net income of $1,365 million or $1.95 per share on a reported basis, and net income of $2,132 million or $3.09 per share on an adjusted basis.

BMO Financial Group Reports Third Quarter 2022 Results

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News for Bank of Montreal Stock (BMO)