|Day's Range||70.82 - 71.57|
|52 Week Range||60.93 - 78.00|
|PE Ratio (TTM)||11.80|
|Dividend & Yield||2.64 (3.64%)|
|1y Target Est||74.97|
BMO SmartFolio Expands Offering with Addition of RRIFs
TORONTO, June 26, 2017 /CNW/ - BMO Wealth Management today announced the addition of Registered Retirement Income Funds (RRIFs) to the suite of account options available for BMO SmartFolio, a service offered through BMO Nesbitt Burns Inc. Clients will now be able to convert their RRSPs into RRIFs at the age of 71 when they are required to do so by the Government of Canada. According to Statistics Canada, 2016 marked the first time that seniors outnumbered children 14 years of age and younger (5.9 million vs. 5.8 million respectively). "There is increased demand from retirees for accounts such as RRIFs to help with their growing investment needs," said Silvio Stroescu, President, BMO InvestorLine.
TORONTO, June 24, 2017 /PRNewswire/ -- Bank of Montreal ("BMO") (BMO)(BMO) today announced that the Toronto Stock Exchange ("TSX") has accepted BMO's amended notice of intention to make a Normal Course Issuer Bid. The notice has been amended to, among other things, permit the repurchase by BMO of its common shares pursuant to issuer bid exemption orders issued by securities regulatory authorities including under specific share repurchase programs. BMO also announced that it will purchase common shares under a specific share repurchase program (the "Program").