NEW YORK, March 15, 2024 /PRNewswire/ - Bank of Montreal (TSX: BMO)(NYSE: BMO) announced today that it will implement a 1-for-10 reverse split of three series of its outstanding exchange traded notes, as listed in the table below (the "ETNs" or "Notes"), expected to be effective as of March 25, 2024 (the "effective date," or the "ex date"). The table below indicates the ETNs that will be subject to the reverse split, their trading symbols, their current CUSIP numbers, and the CUSIP numbers that they will re ...

Shares of Bank of Montreal (BMO) lost 3.7% following the release of its first-quarter fiscal 2024 (ended Jan 31) results. Adjusted earnings per share of C$2.56 declined 16.3% year over year.A significant rise in provision for credit losses, along with higher adjusted expenses, primarily hurt the results. However, increases in net interest income (NII) and non-interest income were tailwinds.After considering non-recurring items, net income was C$1.29 billion ($0.95 billion), which increased significantly fro ...

Bank of Montreal (NYSE:BMO) Q1 2024 Earnings Conference Call February 27, 2024 8:15 AM ET Company Participants Christine Viau - Investor Relations Darryl White - Chief Executive Officer Tayfun Tuzun - Chief Financial Officer Piyush Agrawal - Chief Risk Officer Nadim Hirji - Head of BMO Commercial Banking Ernie Johannson - Head of BMO North American Personal and Business Banking Conference Call Participants Ebrahim Poonawala - Bank of America Meny Grauman - Scotiabank Mario Mendonca - TD Securities Gabriel D ...

TORONTO, Feb. 27, 2024 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.51 per share on paid-up common shares of Bank of Montreal for the second quarter of fiscal year 2024 ("Q2 2024 Dividend"), unchanged from the prior quarter. The Board of Directors also declared dividends of: $0.24075 per share on paid-up Class B Preferred Shares Series 27; $0.2265 per share on paid-up Class B Preferred Shares Series 29; $0.240688 per ...

Interim Consolidated Financial Statements Consolidated Statement of Income (Unaudited) (Canadian $ in millions, except as noted) For the three months ended January 31, October 31, January 31, 2024 2023 2023 Interest, Dividend and Fee Income Loans $ 11,389 $ 11,277 $ 8,194 Securities (Note 2) 3,439 3,260 2,138 Deposits with banks 1,026 1,063 1,039 15,854 15,600 11,371 Interest Expense Deposits 8,384 7,900 5,283 Subordinated debt 111 117 101 Other liabilities 2,638 2,642 1,966 11,133 10,659 7,350 Net Interest ...

Investors are always looking for stocks that are poised to beat at earnings season and Bank of Montreal (BMO) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Bank of Montreal is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty g ...

AUSTIN, Texas--(BUSINESS WIRE)--Agent IQ, a pioneer in digital relationship banking and providing personalized engagement and AI-supported self-service, announced its expanded partnership with BMO (TSX: BMO) (NYSE: BMO) through the launch of “Bili”, an innovative digital tool that further enhances the bank’s Canadian online trading platform, BMO InvestorLine. Bili, powered by Agent IQ’s personal digital engagement platform, Lynq™ provides BMO InvestorLine clients access to live chat and seamless self-ser ...

TORONTO, Jan. 29, 2024 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today released an abridged Supplementary Financial Information package containing certain quarterly and annual financial information for fiscal 2023 and 2022 that reflect changes in presentation that were adopted as of November 1, 2023, including those related to changes in International Financial Reporting Standard 17, Insurance Contracts (IFRS 17) which replaces existing IFRS 4, Insurance Contracts (IFRS 4).  As disclosed in BM ...

Bank of America has a dividend yield of 3%. That's toward the high end of the yield range over the past decade, but investors looking for a high-yield bank stock can do better. A quick look to the north and you'll find that Bank of Montreal (BMO 0.12%) is offering 4.6% as of this writing, Toronto-Dominion Bank (TD -0.16%) 5%, and Bank of Nova Scotia (BNS 1.02%) 6.9%. Here are some key facts you need to know about this trio of high-yield bank stocks.Canada is hard on its banksOne of the most important differ ...

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