|Bid||74.67 x 900|
|Ask||74.68 x 800|
|Day's Range||74.35 - 74.79|
|52 Week Range||73.79 - 84.71|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||13.44|
|Forward Dividend & Yield||2.92 (3.88%)|
|1y Target Est||85.95|
TORONTO , Nov. 8, 2018 /CNW/ - BMO Global Asset Management (BMO GAM) was recognized at the 2018 Thomson Reuters Lipper Fund Awards in Toronto , with three BMO Exchange Traded Funds (ETFs) and three BMO Mutual Funds claiming top honours. Every year, the Lipper Fund Awards honour top risk-adjusted performing funds while also recognizing fund families with high average scores for all funds overall or within a particular asset class.
Bank of Montreal owned $73 million in U.S.-listed pot stocks at the end of the third quarter. CIBC and U.S. Bancorp owned $5 million and $2 million, respectively.
Statistics Canada released jobs data Friday that showed modest employment gains, but with a shrinking labor force and the slowest wage gains in a year. The numbers reveal a lukewarm economy, one that is unlikely to convince the Bank of Canada a faster pace of rate increases is needed. “Canada’s economy isn’t roaring ahead, but it still sits at what looks like full employment,” Avery Shenfeld, chief economist at CIBC Capital Markets, wrote in a note to investors.
TORONTO and MILWAUKEE, WI, Oct. 31, 2018 /PRNewswire/ - Favourable growing conditions in Ontario are expected to yield a record corn crop for Canada, while crop yields in the U.S. are expected to be above trend for the sixth year in a row, according to the BMO 2018 North American Harvest Report.
TORONTO and MILWAUKEE, WI , Oct. 31, 2018 /CNW/ - Favourable growing conditions in Ontario are expected to yield a record corn crop for Canada , while crop yields in the U.S. are expected to be above trend for the sixth year in a row, according to the BMO 2018 North American Harvest Report.
It has been almost a week since Aurora Cannabis (NYSE:ACB) started trading on the NYSE. As one of Canada’s largest cannabis companies, ACB stock, like most of the big players in the space, has seen a significant correction in October. ACB itself is down 26% in October through Oct. 26, and 43% from its Oct. 16 all-time high, hit the day before marijuana became legal in Canada.
TORONTO , Oct. 29, 2018 /CNW/ - BMO Wealth Management today released a report that shares insights on the social and financial consequences of an increase in life expectancy and low fertility rates in Canada . According to a survey of Canadians aged 55 and over, more than half report that living longer comes with increasing concerns on health and caring for the aging population. The report reveals that living longer has not changed the number of years spent in retirement because Canadians are extending their working years.
CHICAGO, Oct. 29, 2018 /PRNewswire/ - BMO Wealth Management (U.S.) today released a report revealing Americans' views on aging and exploring their top concerns tied to family and wealth. The report, The Aging Economy: Improving with Age, is based on a survey of more than 500 Americans aged 55 and older and highlights the benefits of a comprehensive wealth plan to help mitigate the worries that many seniors encounter throughout retirement. Increased life expectancy among Americans – which currently stands at 76 years for men and 81 for women – has extended the average retirement period to 18 years.
Important news for shareholders and potential investors in Bank of Montreal (TSE:BMO): The dividend payment of CA$0.96 per share will be distributed to shareholders on 27 November 2018, and the Read More...
OTTAWA , Oct. 25, 2018 /CNW/ - The annual BMO Celebrating Women event in Ottawa honoured three women for their remarkable contributions to business and the community. The program honours female leaders in local communities as part of BMO's commitment to drive the advancement of women and recognizes contributions in one of three categories: Innovation and Global Growth, Community and Charitable Giving, and Expansion and Growth in Small Business.
TORONTO , Oct. 25, 2018 /CNW/ - BMO Bank of Montreal has been named a regional winner for the 2018 Gartner Eye on Innovation Award for financial services in the Americas. "Driving digital capabilities that solve a customer pain point and provide a more frictionless experience is one of our key priorities," said Brett Pitts , Chief Digital Officer, BMO Financial Group. The Gartner award recognizes innovative use of digital technology-enabled capabilities, products or services to highlight "best-in-class" financial industry initiatives launched within the past 12 months.
The Bank of Canada on Wednesday raised interest rates as expected and said it might speed up the pace of future hikes given the economy was running at almost full capacity and did not need any stimulus. The bank has long fretted about Canadians' ability to cope with higher borrowing costs.
TORONTO , Oct. 24, 2018 /CNW/ - BMO Financial Group today announced that it plans to partner with Intuit Canada to allow BMO's Canadian small business customers who use Intuit QuickBooks Online to share their banking information, allowing customers to share their financial data between the two companies easily and securely. As part of the relationship, BMO plans to build an API portal through which BMO small business customers will be able to transfer their information more quickly and safely to QuickBooks Online without having to share their user ID and password. BMO customers will be able to control their consent, deciding what they want to share through the secure API, saving them valuable time and eliminating the need for manually importing transactions.
Bank of Montreal expects its business in the United States to account for one-third of its overall earnings in five years time from 28 percent at present, Chief Executive Officer Darryl White told investors ...
Moody's Investors Service ("Moody's") has assigned a Aaa (sf) rating to the Class A Notes, a Aa3 (sf) rating to the Class B Notes, and a Baa1 (sf) rating to the Class C Notes of the Series 2018-4 issued by Master Credit Card Trust II (the trust), sponsored by Bank of Montreal (BMO, long-term deposits/long-term senior unsecured Aa2 stable, long-term CR assessment Aa2 (cr), short-term deposit P-1, and BCA a3). Moody's also announced today that the issuance of the Series 2018-4 Notes would not, in and of itself and as of this time, result in the downgrade or withdrawal of the ratings assigned to any class of outstanding securities issued by the trust. The ratings are based on the quality of the underlying credit card receivables, the expertise of BMO as servicer, the transaction's legal and structural protections including early amortization trigger events, the credit enhancement provided by the subordinate Class B and Class C Notes in the 2018-4 series, and the likelihood of the sponsor becoming insolvent and shutting down its credit card portfolio.
BMO Asset Management Inc. Announces Cash Distributions for Certain BMO Exchange Traded Funds
BMO Partners with BioConnect to Launch Biometric Authentication Platform for Commercial and Corporate Clients
TORONTO , Oct. 18, 2018 /CNW/ - BMO Financial Group today introduced BMO WealthPath, an intuitive, digital, goals-based financial planning platform that simplifies the process for financial advisors to identify, set, and help achieve clear financial goals that fit the needs of their clients. BMO WealthPath – launched in partnership with financial planning solutions global leader Voyant Inc. – is a best-in-class wealth planning platform that allows advisors to create actionable plans by inserting client data and testing the proposed plan through generated scenarios. The end result is a goal-focused plan that helps clients understand why wealth planning is a continuous event.
As a CA$66.5b market capitalisation company operating in the financial services sector, Bank of Montreal (TSE:BMO) has benefited from strong economic growth and improved credit quality as a result of Read More...
TORONTO , Oct. 17, 2018 /CNW/ - BMO Bank of Montreal today announced the launch of BMO Business Xpress – a small business lending platform that can approve loans in minutes, providing a faster and more convenient way for Canada's small businesses to obtain capital. "The small business community is the backbone of our economy, and efficient access to capital is vital to ensure continued growth and innovation in this important sector," said Arun Kumar , Head of Small Business Banking, BMO Bank of Montreal .
Bank of Montreal has appointed veteran investment banker Susan Wolford as vice-chair of investment and corporate banking and Patrick Kratus as head of technology and businesses services, according to a memo reviewed by Reuters on Tuesday. A representative for BMO Capital Markets, the investment banking arm of Canada's Bank of Montreal, confirmed the memo was accurate.
HALIFAX , Oct. 16, 2018 /CNW/ - The annual BMO Celebrating Women event in Halifax honoured four women for their remarkable contributions to business and the community. The program honours female leaders in local communities as part of BMO's commitment to drive the advancement of women and recognizes contributions in one of three categories: Innovation and Global Growth, Community and Charitable Giving, and Expansion and Growth in Small Business.
Yes, a bond bull like Steven Major at HSBC Holdings Plc will occasionally be vindicated, like when he went firmly against the consensus in 2014 to predict that Treasury yields would tumble. The 10-year Treasury yield is up 75 basis points since the start of the year, on pace for the third-largest jump since the turn of the century. This latest bout of volatility is re-energizing analysts, who had for months been gravitating closer to prevailing market levels, according to survey data compiled by Bloomberg.