Group 1 - Bank of Montreal (BMO) is recognized as a premier dividend stock in Canada, boasting a remarkable record of 195 years of consecutive dividend payments [1] - The company is expected to perform well in the future, driven by its focus on undercovered and unappreciated Canadian dividend stocks [1]

Investors in Bank of Montreal (BMO) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2025 $40 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mea ...

CAMBRIDGE, Mass., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Foghorn® Therapeutics Inc. (Nasdaq: FHTX), a clinical-stage biotechnology company pioneering a new class of medicines that treat serious diseases by correcting abnormal gene expression, today announced management's participation in investor meetings at the BMO Oncology Summit being held Tuesday, October 8, 2024, in New York, NY. With an initial focus in oncology, Foghorn’s Gene Traffic Control® platform and resulting broad pipeline have the potential to tr ...

NORWOOD, Mass., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Corbus Pharmaceuticals Holdings, Inc. (NASDAQ: CRBP) (“Corbus” or the “Company”), today announced that the Company will participate in BMO Capital Markets’ Oncology Summit, to be held October 8, 2024 in New York, NY. Dr. Dominic Smethurst, MA MRCP, Chief Medical Officer of Corbus, will participate in a panel titled Capitalizing on Validated Mechanism in Oncology. Dr. Smethurst will also be joined by Yuval Cohen, Ph.D., Chief Executive Officer of Corbus, to ...

Core Insights - BMO is a mortgage lender that provides a variety of home loan options and borrower incentives, making it a viable choice for those seeking home equity or low down-payment loans [1][2][5] Loan Offerings - BMO offers a range of mortgage products including conventional, FHA, VA, jumbo loans, and specialty loans like physician mortgages and investment property loans [5][6][7] - The lender provides unique features such as a 1%-down mortgage option, down payment assistance of up to $16,000, and a close-on-time guarantee that offers $5,000 cash back if the loan is delayed [5][7][8] Borrower Incentives - BMO has several borrower incentives including rate discounts for banking customers, down payment assistance, and closing cost credits of up to $500 [2][5][8] - Automatic payments from a BMO checking account can reduce mortgage rates by 0.125% and HELOC rates by 0.50% [5][9] Loan Costs and Rates - BMO's mortgage rates are around the industry median of 6.5%, but total loan costs are above the median at approximately $6,215.25 [16][17] - The lender scores 3 out of 5 stars for mortgage rates and 2 out of 5 stars for total loan costs, indicating average loan costs with higher fees [16][17] Home Equity Products - BMO offers both home equity loans and HELOCs, with HELOCs featuring a 10-year draw period and a 20-year repayment period [9][11] - Home equity loans start at $5,000 and require a minimum credit score of 700, while HELOCs typically require a score between 650 and 680 [10][11] Comparison with Competitors - BMO provides more diverse mortgage options compared to competitors like Chase and Bank of America, including construction loans and medical professional loans [22][23][26] - However, BMO lacks transparency in advertising interest rates, which is a disadvantage compared to other lenders that provide clear rate information [24][25] Online Resources - BMO offers a variety of online tools including mortgage calculators and educational articles, enhancing user experience and accessibility [20][24]

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Core Viewpoint - Bank of Montreal (BMO) achieved a significant legal victory in the Petters Ponzi scheme case, with the U.S. Court of Appeals overturning a previous jury verdict that required its subsidiary, Harris Bank, to pay $564 million [1][3]. Background of BMO's Lawsuit - The lawsuit involves a Ponzi scheme orchestrated by Thomas J. Petters and associates, who misled investors into believing they were financing consumer electronics purchases, while actually using new investors' funds to pay returns to earlier ones [2]. - Douglas Kelley, the court-appointed receiver, filed the lawsuit against BMO, alleging that M&I Marshall and Ilsley Bank (a predecessor of BMO) was aware of the scheme and ignored warning signs [2]. Recent Development in BMO's Lawsuit - The U.S. District Court in St. Paul ruled in favor of BMO, dismissing the case brought by trustee Douglas Kelley, as the court found that the trustee represented Petters Co., which was equally or more at fault than M&I [3]. - The ruling was based on the legal doctrine of "in pari delicto," which states that a party cannot seek recovery if they are equally at fault [3]. How BMO Will Benefit From Latest Verdict - Following the favorable verdict, BMO plans to reverse its current provision of CAD$1.19 billion ($926.2 million), which includes accrued interest related to the case, leading to an after-tax recovery of CAD$875 million ($644 million) to be recorded in the fourth quarter [4]. - Over the past six months, BMO's shares on the NYSE have increased by 2.1%, contrasting with a 5.9% decline in the industry [4].

TORONTO and CHICAGO, Sept. 12, 2024 /PRNewswire/ - BMO Financial Group (TSX: BMO) (NYSE: BMO) announced today that the United States Court of Appeals for the Eighth Circuit reversed a prior jury verdict and instructed the district court to enter judgement in favour of BMO's U.S. subsidiary, BMO Bank National Association. The lawsuit related to a Ponzi scheme carried out by Thomas J. Petters and certain affiliated individuals and entities (collectively, Petters) that operated a deposit account at a predecess ...

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Bank Of Montreal (“BoM” or “the Company”) (NYSE: BMO). Investors who purchased BoM securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/BMO. Investigation Details On August 27, 2024, BoM reported its financial results for the third quarter of 2024. Among other items, BoM r ...

Shares of Bank of Montreal (BMO) declined 6.2% on the NYSE in response to weak third-quarter fiscal 2024 (ended July 31) results. Adjusted earnings per share of C$2.64 declined 10.2% year over year.A significant jump in provision for credit losses and lower net interest income (NII) primarily hurt the results. However, an increase in non-interest income, higher loans and deposit balance and lower expenses acted as a tailwind.After considering non-recurring items, net income was C$1.87 billion ($1.37 billion ...