BMO.TO - Bank of Montreal

Toronto - Toronto Delayed Price. Currency in CAD
100.92
-0.33 (-0.33%)
At close: 4:00PM EST
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Previous Close101.25
Open101.12
Bid100.83 x 0
Ask101.05 x 0
Day's Range100.80 - 101.48
52 Week Range88.24 - 106.51
Volume1,934,014
Avg. Volume1,798,659
Market Cap64.511B
Beta (5Y Monthly)1.08
PE Ratio (TTM)11.65
EPS (TTM)8.66
Earnings DateFeb 24, 2020
Forward Dividend & Yield4.24 (4.19%)
Ex-Dividend DateJan 30, 2020
1y Target Est106.08
  • CNW Group

    BMO Leader Selected as Learning Leader of the Year by The Learning and Performance Institute (LPI)

    TORONTO , Feb. 21, 2020 /CNW/ - The Learning and Performance Institute (LPI) has recognized BMO Financial Group's Gina Jeneroux , Chief Learning Officer, with The Learning Leader of the Year award. The awards were announced last night in London, UK at The Learning Awards annual celebration honouring the highest performing organizations and individuals globally from the learning and development industry. Ms. Jeneroux, Chief Learning Officer at BMO, was recognized as Learning Leader of the Year for her strategic vision for preparing BMO for the future of work.

  • Gold Just Hit a Seven-Year High on Virus Fears
    Bloomberg

    Gold Just Hit a Seven-Year High on Virus Fears

    (Bloomberg) -- Gold reached a seven-year high as concern over the economic impact of the coronavirus boosted demand for haven assets and fueled speculation that the Federal Reserve will ease monetary policy before year-end.Prices extended gains above $1,600 an ounce to the highest since February 2013. Copper headed for a third straight decline, while the dollar strengthened and U.S. equities fell after a jump in confirmed infections in South Korea and Japan.Bullion has climbed almost 7% this year amid mounting concern over the economic impact of the virus. While minutes from the Fed’s last meeting indicated the central bank could leave rates unchanged for many months, futures traders maintained expectations for at least one cut over 2020. Low rates are a boon for gold, which doesn’t offer interest.“The minutes suggest that the bar to ease policy is clearly lower than to lift rates,” Colin Hamilton, an analyst at BMO Capital Markets, said in an emailed note Thursday. “In particular, they back up Powell’s recent comment that policymakers would not tolerate continued below-target inflation. This commentary was viewed as supportive gold.”Read more: Doubts Re-Emerge Over China Data; Cases Top 75,700: Virus UpdateSpot gold advanced for a third straight day, rising as much as 0.7% to $1,623.73 an ounce. Holdings in global exchange-traded funds backed by bullion have risen to a fresh record, and are on course for a sixth weekly expansion, the longest streak since November. Futures settled 0.5% higher at 1:30 p.m. on the Comex in New York.“It looks like a self-fulfilling prophecy,” said ABN Amro Bank NV strategist Georgette Boele. As prices broke out, the move has attracted more investors into gold, she said.Gold could reach $1,650 over the coming weeks, according to UBS Group AG’s Global Wealth Management unit.“With U.S. equity valuations elevated, any further upsets could see another bout of volatility, a further rally in government bonds and a higher gold price,” analysts Wayne Gordon and Giovanni Staunovo said in a note.Copper prices, meanwhile, fell 0.7% in London and closed at the lowest level in almost two weeks, and zinc hit the lowest level since July 2016. Chinese officials again changed the way the nation officially reports the number of infections and asked firms not to resume work before March 11. That caused fresh worries alongside new fatalities outside of China, weakening demand for industrial metals.“Hubei’s announcement that firms will remain closed until March 10th is reviving concerns that the follow-through impact may be more prolonged than anticipated,” TD Bank analysts including Bart Melek said in a note to clients.‘What Goes Up’In other precious metals, silver, platinum and palladium declined in the spot market. All four major precious metals have risen this week.Palladium, used in vehicle pollution-control devices, has been supported by concerns over a widening global deficit, and a pledge by the Chinese government to stabilize car demand.Spot palladium has risen about 39% this year. The gains have still been eclipsed by those of rhodium, a less-liquid precious metal from the same group that expanded its year-to-date advance on Thursday to 110%.Read more: Why Palladium Is Suddenly a More Precious MetalBoth rhodium and palladium are advancing on tight supplies and as demand from the car industry remains strong, Anglo American Plc said Thursday.Still, the coronavirus is threatening Chinese auto sales with factories across the nation suspended and the global supply chain disrupted. That means prices have room to retreat in the short-term, Anglo’s Chief Executive Officer Mark Cutifani told investors.“What goes up quickly can come down twice as quick,” he said.\--With assistance from Martin Ritchie.To contact the reporters on this story: Ranjeetha Pakiam in Singapore at rpakiam@bloomberg.net;Elena Mazneva in London at emazneva@bloomberg.net;Justina Vasquez in New York at jvasquez57@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Pratish Narayanan, Luzi Ann JavierFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • CNW Group

    The Financial Women's Association of New York (FWA) Continues its Commitment of the Back2Business™ Return to Work Program

    NEW YORK, Feb. 19, 2020 /CNW/ - The Financial Women's Association of New York (FWA) has been dedicated to accelerating the leadership and success of women across the financial community for over 60 years. In support of this important mission, the FWA is proud to announce today the fourth installment of its successful Back2Business return-to-work program. This unique program offers individuals, both women and men, an opportunity to restart their careers and transition back to professional life in financial services after taking a break for reasons such as, but not limited to, providing childcare or eldercare, or serving in the armed forces.

  • PR Newswire

    The Financial Women's Association of New York (FWA) Continues its Commitment of the Back2Business™ Return to Work Program

    The Financial Women's Association of New York (FWA) has been dedicated to accelerating the leadership and success of women across the financial community for over 60 years. In support of this important mission, the FWA is proud to announce today the fourth installment of its successful Back2Business return-to-work program. This unique program offers individuals, both women and men, an opportunity to restart their careers and transition back to professional life in financial services after taking a break for reasons such as, but not limited to, providing childcare or eldercare, or serving in the armed forces.

  • CNW Group

    BMO Asset Management Inc. Announces Cash Distributions for Certain BMO Exchange Traded Funds

    BMO Asset Management Inc. Announces Cash Distributions for Certain BMO Exchange Traded Funds

  • PR Newswire

    BMO Capital Markets to Host Global Metals & Mining Conference for 29th Year

    BMO Capital Markets will host its 29th Global Metals & Mining Conference from February 23 to February 26, 2020 in Hollywood, Florida.

  • CNW Group

    BMO Financial Group Ranked #1 in J.D. Power 2020 Canada Retail Banking Advice Satisfaction Study

    BMO Financial Group Ranked #1 in J.D. Power 2020 Canada Retail Banking Advice Satisfaction Study

  • Bank of Montreal (TSE:BMO) Has Got What It Takes To Be An Attractive Dividend Stock
    Simply Wall St.

    Bank of Montreal (TSE:BMO) Has Got What It Takes To Be An Attractive Dividend Stock

    Could Bank of Montreal (TSE:BMO) be an attractive dividend share to own for the long haul? Investors are often drawn...

  • CNW Group

    BMO Asset Management Inc. Launches New Hedged Series for BMO Long-Term US Treasury Bond Index ETF

    BMO Asset Management Inc. Launches New Hedged Series for BMO Long-Term US Treasury Bond Index ETF

  • CNW Group

    BMO Asset Management Inc. Launches Innovative Fixed Income and U.S. Market ETFs

    BMO Asset Management Inc. Launches Innovative Fixed Income and U.S. Market ETFs

  • PR Newswire

    Media Advisory - BMO Financial Group to Announce its First Quarter 2020 Results

    BMO Financial Group will announce its first quarter 2020 financial results and hold its investor community conference call on February 25, 2020. Financial results will be issued in a news release at approximately 6:00 a.m. ET.

  • CNW Group

    BMO Financial Group Recognized by CDP for Action and Transparency on Environmental Sustainability

    BMO Financial Group Recognized by CDP for Action and Transparency on Environmental Sustainability

  • CNW Group

    BMO 10th Annual RRSP Study: Canadians RRSP Savings on the Rise but Still Struggle to Define Retirement Financial Goals

    TORONTO , Feb. 6, 2020 /CNW/ - According to the annual BMO Registered Retirement Savings Plan (RRSP) study, Canadians are turning to and investing in their RRSPs more than ever – 69 per cent now hold an account at an average amount of $111,922 dollars . Provincially, the average amounts held in RRSPs in Atlantic Canada , Quebec and Alberta have increased by 22 per cent from $17,000 to $18,000 since last year, and those in Ontario and British Columbia have increased their holdings by 6 per cent from $8,000 to $10,000 . Canadians who have already contributed to their RRSP say they have contributed $6,409 – this is up from $5,247 in 2018.

  • Copper Hits Five-Month Low With Virus Threatening China Growth
    Bloomberg

    Copper Hits Five-Month Low With Virus Threatening China Growth

    (Bloomberg) -- Copper fell to the lowest since September and extended a record slump amid concerns the coronavirus could undo the positive economic impact of easing U.S.-China trade tensions.On Monday, Chinese officials were said to be seeking flexibility on their pledges under the deal signed with the U.S. last month, as the Asian nation struggles to contain the virus that’s already spreading around the world.“This is destroying the narrative of economic green shoots that we saw build up throughout November, December -- the deal with the U.S. and China is basically dead,” said Ole Hansen, head of commodity strategy at Saxo Bank A/S. “There’s no way China can live up to the agreement of the phase-one deal. So growth is going to be delayed.”Copper futures for March delivery fell 0.4% to settle at $2.507 a pound at 1:06 p.m. on the Comex in New York, after touching $2.4875, the lowest for a most-active contract in five months. The metal has dropped for 13 consecutive sessions, the longest slump in data going back to 1988.Before traders in China returned from the Lunar New Year holiday on Monday, the sell-off in copper had been deepening amid fears that the virus outbreak will hurt global economic growth, denting demand for the metal used in everything from electronics to automobiles.READ: Copper’s Virus Pain Is Unrelenting as China Delays PurchasesChina’s importance to the copper market has grown considerably, with its share of global consumption expanding by about 30% since 2003, when the SARS epidemic broke out, according to Capital Economics analyst Kieran Clancy.Capital Economics estimates the virus will shave about 500,000 tons from global demand, bigger than the 125,000-ton hit during during SARS epidemic.Hopes for further recovery in global trade, stemming from strong Chinese December trade data and the signing of the deal between the U.S. and China, “have now been stopped in their tracks, and we anticipate global new orders and business expectations indices will drop sharply when next published,” said Colin Hamilton, analyst at BMO Capital Markets. Some Chinese buyers are expected not to honor contracts for commodities currently en route, according to Hamilton.To contact the reporters on this story: Justina Vasquez in New York at jvasquez57@bloomberg.net;Yvonne Yue Li in New York at yli1490@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Joe RichterFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The Fed’s Key Yield Curve Inverted Again. Watch Out.
    Bloomberg

    The Fed’s Key Yield Curve Inverted Again. Watch Out.

    (Bloomberg Opinion) -- I’m not an alarmist when it comes to the yield curve.However, it can’t go unremarked that the spread between three-month and 10-year U.S. Treasuries inverted on Thursday for the first time since October. The curve has flattened toward zero all month: Short-term rates have stayed steady with Federal Reserve policy, while longer-term yields have tumbled amid mounting evidence that the deadly coronavirus is harming the outlook for global economic growth. Just in case you missed the yield-curve mania over the past few years, the significance of this spread dropping below zero is that the same thing has happened in the lead-up to each of the past seven recessions. It’s such a reliable indicator, in fact, that both the New York Fed and the Cleveland Fed calculate the probability of a downturn in the coming 12 months based on the slope of the yield curve. The odds dipped toward the end of last year, but BMO Capital Markets estimates that the models now imply a 30% to 35% chance of a formal contraction by this time in 2021.As always, if you look hard enough, you can find reasons to convince yourself that this is the beginning of the end of the economic cycle. Just on Thursday, Commerce Department data showed consumer spending slowed to a 1.8% pace, below estimates and the weakest since the first quarter; the Fed’s key inflation gauge rose less than expected; and nonresidential business investment fell for the longest stretch since the last recession. Or you can fall in the camp of those like Brian Rose at UBS AG, who wrote recently that “some of the risks that we have been worried about have diminished recently” and that “it is possible that the U.S. can avoid a recession for several more years.” Citigroup Inc.’s U.S. economic surprise index is still positive, after all, in contrast to its persistently negative reading from February through August last year.Regardless, this crucial yield curve first inverted in March, and now 10 months later the U.S. is nowhere near meeting the formal definition of a recession (gross domestic product expanded at a 2.1% annualized rate in the fourth quarter). Instead, for bond traders, the most important thing to consider is how the Fed reacted to the inversion throughout last year. March: The curve continued flattening. Policy makers quickly shifted their “dot plot” to forecast no interest-rate increases in 2019, down from two in their previous forecast. As I wrote at the time, the move managed to clear traders’ already high dovish hurdle. May: The curve inverted in earnest. By June, Fed Chair Jerome Powell was indicating that the central bank was prepared to cut interest rates at its July meeting. August: The curve lurched deeper into inversion as recession fears reached a peak. Powell and the Fed showed no hesitation in dropping the fed funds rate in September and didn’t push back on an October rate cut either, even though he characterized the July move as a “mid-cycle adjustment.” October: After three quarter-point interest-rate cuts, the yield curve was no longer inverted.Simply put, the Fed has obviously felt compelled to act when the yield curve inverts. Policy makers came into 2019 expecting to raise interest rates twice and ended up dropping them three times instead. This year, officials have reiterated that the U.S. economy and monetary policy are both in a “good place” and that the central bank will probably keep interest rates steady throughout the year. That certainly seemed reasonable at the end of the year, when the slope of the curve was 35 basis points. But now?My hunch is that it’s probably still too soon to extrapolate the coronavirus-driven rally in Treasuries into another Fed rate cut, even if the futures market indicates it’s likely sometime in 2020 and the 10-year yield is approaching 1.5%. As BMO pointed out, a big drop in the “term premium” is the main reason longer-term yields have plunged this year, not necessarily a shift in monetary policy expectations. Then again, the term premium plunged in August, too.Bond traders ought to stay vigilant. There are times when market moves start to nudge the Fed toward action, even if their public comments suggest otherwise. This might just be one of them. To contact the author of this story: Brian Chappatta at bchappatta1@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • CNW Group

    BMO Annual ETF Outlook Report: Global ETF Industry Surpasses US$6 Trillion

    TORONTO , Jan. 30, 2020 /CNW/ - BMO Global Asset Management (BMO GAM) today released its annual ETF Outlook Report, which reviews the exchange traded fund (ETF) industry, and highlights trends for the coming year.

  • Reuters

    CANADA STOCKS-TSX gains on energy boost

    Canada's main stock index rose on Monday as energy companies were boosted by higher oil prices, but concerns over the economic impact of a coronavirus outbreak in China kept gains in check. China's President Xi Jinping said on Wednesday that preventing and containing the new coronavirus, which has taken 132 lives and infected 5,974, remained a grim and complex task, the state television reported. * The energy sector climbed 0.8% as oil prices rose on talk that the OPEC could extend oil output cuts if the new coronavirus hurts demand and data that showed a decline in U.S. stockpiles.

  • CNW Group

    BMO Global Asset Management ETFs and Mutual Funds Awarded A+ Rating by Fundata

    BMO Global Asset Management ETFs and Mutual Funds Awarded A+ Rating by Fundata

  • CNW Group

    CAMH Launches First-of-its-Kind Workplace Mental Health Playbook

    TORONTO , Jan. 23, 2020 /CNW/ - The economic burden of mental illness in Canada is estimated to be a staggering $51 billion each year. Half a million Canadians miss work each week due to mental illness, it's a leading – and costly – cause of disability in Canada . In response to this, today, CAMH, in partnership with BMO, launched a first-of-its-kind, Workplace Mental Health Playbook for Business Leaders.