TORONTO, Sept. 10, 2025 /CNW/ - BMO Investments Inc. today announced a special reinvested distribution for unitholders of Active ETF Series of BMO Global Health Care Fund (Cboe Canada: BGHC) and BMO Global Infrastructure Fund (Cboe Canada: BGIF) (each, a "Fund" and collectively, the "Funds").The reinvested distributions for the Active ETF Series of BMO Global Health Care Fund and BMO Global Infrastructure Fund generally represent net realized capital gains and net income. They are not paid in cash, but are ...

The Bank of Montreal, more commonly known as BMO, has introduced a new tool allowing prospective credit card applicants to get preapproved before officially applying.This means customers can get a pretty good idea (though not a guarantee) of what cards they’ll be approved for without the bank requiring a hard credit pull. Let’s take a look at the details. AdvertisementBMO’s New Preapproval Tool BMO now offers a tool that allows customers to check their preapproval status for a credit card before applying, a ...

Core Insights - Bank of Montreal (BMO) is one of Canada's oldest and most diversified financial institutions, with a strong presence in retail banking, wealth management, and capital markets across North America [1][2] - The bank has a long-standing dividend record and reported a CET1 ratio of 13.6%, maintaining an industry-leading dividend history into 2024 [1][13] - BMO operates through three core groups: Personal and Commercial Banking, BMO Wealth Management, and BMO Capital Markets, providing diversified revenue streams [1][11] Company Overview - BMO Financial Group combines traditional commercial and retail banking with wealth management and capital markets services, operating primarily in Canada and the United States [2][4] - The bank's expansion strategy includes increasing its U.S. retail presence and enhancing advisory and capital markets capabilities [2][5] Financial Performance - Recent financial metrics indicate a market capitalization of approximately CAD 65 billion, annual revenue between CAD 26–34 billion, and net income around CAD 5 billion [9][12][27] - BMO has a historical dividend yield of approximately 4.8% as of October 31, 2024, with a record of 196 consecutive years of dividend payments [9][32] Operational Structure - The bank's operational model balances stable deposit-based income with fee and advisory revenues from higher-margin businesses, which is crucial for assessing earnings sensitivity to interest-rate cycles [3][10] - Each operating group contributes distinct revenue streams: Personal and Commercial Banking focuses on interest margins and loan volumes, Wealth Management on advisory fees and asset management, and Capital Markets on underwriting fees and trading income [14][15][16] Strategic Initiatives - Recent strategic initiatives include digital transformation, branch optimization, and targeted acquisitions in the U.S. to enhance retail scale and diversify revenue [16][20] - The bank's leadership emphasizes corporate governance and stakeholder engagement, with a focus on delivering EPS growth and sustaining its dividend policy [19][28] Market Position - BMO is a principal component of Canadian equity benchmarks, included in major indices such as the S&P/TSX Composite and S&P/TSX 60, which enhances its visibility and liquidity [23][34] - The bank is typically positioned within the top tier among Canadian banks by assets and market capitalization, although it trails larger peers like Royal Bank of Canada and Toronto-Dominion Bank [24][31]

Summary of Bank of Montreal FY Conference Call Company Overview - **Company**: Bank of Montreal (NYSE: BMO) - **Date**: September 09, 2025 - **Event**: Barclays Global Financial Services Conference Economic Environment - **Canada and U.S. Economic Outlook**: - Improvement in macro environment noted since the beginning of the year, with reduced uncertainty regarding tariffs and trade policies [4][5] - USMCA remains effective, covering 95% of trade between Canada and the U.S. [5][6] - Canadian economy expected to grow at 1% to 1.5%, with government support for affected industries [5] - Unemployment rates are high but expected to rise gradually [5] Credit Quality and Loan Growth - **Performing Loans**: - Significant decline in provisions for credit losses (PCLs) on performing loans in Q3, with $900 million added over the past four quarters [10][12] - Coverage level for PCLs is at 70 basis points, indicating a stable outlook [10] - **Impaired Loans**: - Impaired provisions have increased but are expected to improve, with guidance suggesting a return to historical levels in the mid to high 30s [12][14] - Unique challenges in commercial real estate noted, but overall credit outlook is improving [15] - **Loan Demand Trends**: - Strong loan growth in Canada, but a slowdown is anticipated due to new government policies and trade uncertainties [18][19] - U.S. loan growth has been muted, with a focus on improving return on equity (ROE) leading to a reduction in lower ROE relationships [20][21] Return on Equity (ROE) Targets - **ROE Progress**: - Current ROE in the U.S. has improved from 6.2% to 12% in Q3, with consolidated ROE at 11.1% year-to-date [25][26] - Target of 15% ROE at the consolidated level, with a medium-term goal of achieving this within three to five years [24][26] - **Key Drivers for ROE Improvement**: - Improving credit trends, normal business growth, balance sheet optimization, and overall improvement in U.S. operations [26][27] Technology and Efficiency - **Technology Investments**: - Ongoing investments in technology and digital innovation, including GenAI tools, are expected to enhance operational efficiency and revenue growth [28][29] - Focus on fewer areas for AI testing to expedite results [30][31] - **Operating Efficiency**: - Efficiency ratio currently below 56%, with a commitment to continuous improvement [34] Capital Management - **Capital Levels**: - CET1 capital ratio at 13.5%, above regulatory minimums, with a target of 12.5% [36][37] - New share buyback program initiated for 30 million shares to manage excess capital [37] Net Interest Margin (NIM) - **NIM Outlook**: - NIM has improved by 16-17 basis points year-over-year, with expectations for continued stability despite potential rate cuts [39][40] - Strong deposit growth in both Canada and the U.S. supports NIM outlook [41] Organizational Changes - **Leadership and Structure**: - New organizational structure in the U.S. with a focus on integrating commercial, consumer, and wealth management under one management team [42][43] - Optimism regarding future performance and alignment with strategic goals [43] Conclusion - Overall, Bank of Montreal is positioned for a positive outlook with improving credit quality, strong capital levels, and a focus on technology investments to drive future growth and efficiency. The company is optimistic about achieving its ROE targets and navigating the evolving economic landscape.

美银称，这六大银行第三财季"良好但不算出色"的业绩超预期所引发的股价过度反应，验证了该行此前 关于投资者在这些银行股的仓位偏轻的观点。展望未来，美加贸易协定若最终落地，将成为积极催化 剂，推动企业从观望转向实际招聘/投资。此外，市场的关注点在于卡尼政府能否兑现其竞选时"优先发 展亲商政策"的承诺。 智通财经APP获悉，美银证券发布研报称，加拿大六大银行——加拿大皇家银行(RY.US)、多伦多道明 银行(TD.US)、加拿大帝国商业银行(CM.US)、加拿大国家银行、蒙特利尔银行(BMO.US)、丰业银行 (BNS.US)——公布了稳健的2025年第三财季业绩。该行认为，尽管存在宏观逆风，但这六大银行的每 股收益(EPS)上修趋势仍在继续。 美银指出，上述加拿大六大银行第三财季EPS平均超预期8.1%，其中以加拿大皇家银行表现最为突出 (超预期15.7%)，推动市场对这六大银行的2026年EPS一致预期较第三财季业绩公布前上调2.0%。强劲 的资本市场表现和上升的净息差抵消了上升但可控的信贷成本。美银认为，凭借超额资本投放(平均 CET1资本充足率为13.3%)以及GDP增长加快，这六大银行的2026年EPS仍 ...

Summary of Bank of Montreal (BMO) 2025 Conference Call Industry Overview - The banking industry is currently experiencing volatility, with macroeconomic headwinds affecting both the United States and Canada [1][2] - There is a noted improvement in the "uncertainty meter" for the U.S. economy, with clearer tax policies and trade outcomes compared to six to eight months ago [2][3] - Canada is experiencing a lag in economic recovery, with uncertainties around government policies and trade agreements impacting business decisions [4][5] Company Performance and Outlook - BMO's Return on Equity (ROE) target is set at 15%, with recent improvements from 9.8% to 12% over three quarters [9][16] - Key metrics for ROE improvement include: - U.S. Personal and Commercial (P&C) business showing 6% year-to-date growth [12] - Impaired credit reduced from 66 basis points to 45 basis points, translating to a significant P&L improvement [13][22] - Operating leverage at 4.7% year-to-date, outperforming peers [14] - Capital allocation strategies, including share buybacks, with a current CET1 ratio of 13.5% [15][75] Strategic Changes - A new go-to-market structure in the U.S. aims to enhance ROE by integrating business lines and focusing on customer demand [23][30] - The acquisition of Bank of the West is seen as a transformational deal, with BMO positioned to gain market share in California, which has a GDP larger than Canada [35][39] - The competitive landscape in the U.S. remains intense, but BMO is optimistic about its positioning within the top 10 banks [39][40] Canadian Market Insights - The Canadian banking landscape is competitive, with BMO focusing on net customer acquisition and growth in retail banking, commercial lending, and wealth management [41][44] - The bank is optimistic about its competitive positioning despite macroeconomic uncertainties, with a focus on retail operating deposits and mutual funds as growth areas [46][48] Credit and Mortgage Market - The credit environment is stabilizing, with expectations for normalization in credit performance [82] - The mortgage market is currently subdued, with a potential rebound anticipated as economic uncertainties are resolved [57][58] Capital Management and Share Buybacks - BMO is committed to maintaining a CET1 ratio of 12.5%, with ongoing share buyback programs to manage excess capital [75][79] - The bank is focused on organic growth and ROE improvement, with M&A opportunities being considered only if they align with these goals [72][73] Key Messages for Investors - BMO is on a positive trajectory towards achieving its ROE target, with significant EPS growth of 22% year-over-year [83][84] - The bank is optimistic about its future performance despite current uncertainties, emphasizing a strong operational strategy and capital management approach [84]

Group 1 - Bank stocks declined on Tuesday, with notable drops in major institutions [1] - Bank of America (BAC.US) fell by 0.88% [1] - Goldman Sachs (GS.US) experienced a decline of over 2% [1] - Citigroup (C.US) dropped by 2.8% [1] - JPMorgan Chase (JPM.US) decreased by over 1.3% [1] - Morgan Stanley (MS.US) fell by over 1.6% [1] - Montreal Bank (BMO.US) saw a decline of 0.47% [1]

Bank of Montreal BMO reported better-than-expected third-quarter financial results on Tuesday.Bank of Montreal reported quarterly earnings of $2.35 per share which beat the analyst consensus estimate of $2.12 per share. The company reported $6.542 billion in sales this quarter.“BMO delivered another quarter of strong earnings growth, with solid revenue performance and good expense management. Disciplined execution against each of our ROE rebuild strategies is driving tangible results through consistent posi ...

Economic Indicators - Durable Goods Orders for July decreased by -2.8%, an improvement from the consensus estimate of -4.0% and the previous month's -9.4%, which was the lowest since April 2020 [2] - Excluding Transportation orders, Durable Goods Orders increased by +1.1%, the highest since September of the previous year [3] - Shipments of Durable Goods showed a +0.7% increase, marking the strongest performance of 2025 so far [3] Housing Market - Case-Shiller Home Prices for June rose by +2.1%, which is 20 basis points below expectations and down from +2.8% in May, representing the lowest level since July 2023 [4] - Year-over-year Housing Wealth increased by +1.9%, which is below the inflation rate of +2.7% in June [4] - New York City saw a +7.0% increase in housing value over the past year, while Tampa, San Francisco, and Dallas experienced declines of -2.4%, -2.0%, and -1.0% respectively [5] Company News - Eli Lilly reported a -10.5% average reduction in body weight from its phase-3 testing of a new weight loss pill, with shares up +2.5% following the announcement [6] - The Bank of Montreal (BMO) exceeded earnings expectations by +9.9%, reporting $2.33 per share compared to the consensus of $2.12, while The Bank of Nova Scotia (BNS) reported a +7% earnings beat at $1.37 per share versus the expected $1.28 [7]

格隆汇8月26日｜蒙特利尔银行公布第三财季业绩，总收入同比增长9.7%，达89.9亿加元，高于分析师 预期的88.9亿加元。其中，净利息收入增长15%，达55亿加元；非利息收入则增长2.8%，达34.9亿加 元。期内录得净利润23.3亿加元，合每股3.14加元，同比增长24.6%。信贷损失准备金为7.97亿加元，与 前一个季度的9.06亿加元和去年同期的10.5亿加元相比有所减少。 ...