|Bid||105.81 x 0|
|Ask||105.90 x 0|
|Day's Range||104.40 - 106.00|
|52 Week Range||88.63 - 106.00|
|PE Ratio (TTM)||14.80|
|Earnings Date||Aug 28, 2018|
|Forward Dividend & Yield||3.84 (3.76%)|
|1y Target Est||85.41|
Bank of Montreal and Ontario Teachers’ Pension Plan tested a Canadian-dollar debt deal over blockchain, a further step in determining the viability of the new technology in fixed-income markets. Bank of Montreal sold C$250 million ($190 million) of one-year floating rate deposit notes to the Ontario pension fund and used blockchain technology to mirror the transaction, the Toronto-based lender said Wednesday in a statement. The bank’s BMO Capital Markets unit built a settlement system using blockchain, with the prototype allowing issuers and buyers to view transactions on the distributed ledger system.
TORONTO , Aug. 15, 2018 /CNW/ - BMO Capital Markets today announced that it has successfully launched a pilot fixed income issuance transaction, mirrored on a blockchain platform alongside leading pension fund investor Ontario Teachers' Pension Plan (Ontario Teachers'). The transaction included Bank of Montreal as the issuer and Ontario Teachers' as the buyer of a CDN$250MM 1-year floating rate Deposit Note, making it the first Canadian dollar fixed income issuance demonstrating the viability of blockchain platforms.
Moody's Investors Service ("Moody's") has assigned a definitive Aaa (sf) rating to the Class A Notes, a definitive Aa3 (sf) rating to the Class B Notes, and a definitive Baa1 (sf) to the Class C Notes of the Series 2018-3 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). 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 2018-3 series, and the likelihood of the sponsor becoming insolvent and shutting down its credit card portfolio.
TORONTO , Aug. 9, 2018 /PRNewswire/ - BMO Financial Group will announce its third quarter 2018 financial results and hold its investor community conference call on Tuesday, August 28, 2018 . Financial ...
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of Montreal (BMO) have what it takes? Let's find out.
TORONTO , July 30, 2018 /CNW/ - BMO Wealth Management today released a report describing Canada's labour market shifting from permanent employment to on-demand temporary or contractual employment as "the new normal" – and the challenges and opportunities within this so-called "gig economy". The Gig Economy: Achieving Financial Wellness with Confidence is based on a survey of more than 1,000 Canadian small-business owners. "Since the global financial crisis in 2008, technology and automation have transformed just about everything we do," said Joanna Rotenberg , Group Head, BMO Wealth Management.
BMO Global Asset Management Announces Cash Distributions for Certain BMO Exchange Traded Funds
BMO Capital Markets' Fixed Income Strategy Group Earns Top Rankings from Institutional Investor
#1 in U.S. Rates Strategy and #1 in Technical Analysis Only Canadian firm to earn a spot in the leader's table TORONTO and NEW YORK , July 19, 2018 /PRNewswire/ - BMO Capital Markets' Fixed-Income Strategy ...
Moody's Investors Service ("Moody's) has taken various rating actions on the deposits, long-term debt and Counterparty Risk Assessments (CRAs) of The Toronto-Dominion Bank (TD), Bank of Montreal (BMO), ...
Bank of Montreal (USA) (NYSE: BMO ) notched a sell-side upgrade Wednesday, ahead of its July 30 earnings report. The Analyst RBC Capital Markets' Darko Mihelic upgraded Bank of Montreal from Sector Perform ...
Moody's Investors Service ("Moody's") has upgraded the Class B notes of six separate series of asset-backed securities issued out of Master Credit Card Trust II (MCCT II), following the upgrade of the sponsor bank's Counterparty Risk Assessment on 16 July 2018, from Aa3(cr) to Aa2(cr).
WINNIPEG , July 17, 2018 /CNW/ - BMO Bank of Montreal has opened its first Smart Branch in Winnipeg , as part of the bank's rollout of the new format in Canada . The Smart Branch format, which has also been introduced in the U.S. by BMO, provides a new and engaging banking environment that brings together advice-based services and the latest in digital experiences. The new Winnipeg location is at 110-400 North Town Road.
TORONTO , July 16 2018 /CNW/ - BMO Financial Group (BMO) today announced a partnership with Conferma, a leading global fintech company specializing in virtual payment innovations, to bring virtual card payment technology to BMO corporate card clients. This new, joint solution, backed by Conferma's extensive ecosystem of travel management companies and partners, makes business travel more convenient, cost-effective and secure for BMO clients across North America .
EDMONTON and CALGARY , July 12, 2018 /CNW/ - BMO Bank of Montreal has opened its first two Smart Branches in Alberta – in Edmonton and Calgary – as part of the bank's rollout of the new format in Canada . "Our customers' expectations are changing, and the need for efficient and digitally driven day-to-day banking experiences continues to increase," said Susan Brown , Senior Vice President, Alberta and Northwest Territories Division, BMO Bank of Montreal.
LONDON, UK / ACCESSWIRE / July 6, 2018 / Active-Investors free stock reports for this morning include these Toronto Exchanges' equities from the Banking industry: Bank of Montreal, National Bank of Canada, Canadian Imperial Bank Of Commerce, and Canadian Western Bank. Today's stocks of interest consist of: Bank of Montreal (TSX: BMO), National Bank of Canada (TSX: NA), Canadian Imperial Bank Of Commerce (TSX: CM), and Canadian Western Bank (TSX: CWB).
Moody's has reviewed the following ABCP programs in conjunction with the described amendments. At this time the amendments, in and of themselves, will not result in any rating impact on the respective program's ABCP. Moody's does not believe they will have an adverse effect on the credit quality of the securities such that the Moody's rating is impacted.
Mitsubishi UFJ's (MUFG) strong capital position keeps it well poised to undertake expansion strategies. Also, its aim to enter profitable business operations bode well for the long term.