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Bank of Montreal (BMO.TO)

BMO.TO on Toronto Stock Exchange

100.74CAD
22 Mar 2019
Change (% chg)

$-1.51 (-1.48%)
Prev Close
$102.25
Open
$101.71
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$100.51
Volume
2,634,683
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1,838,528
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$109.00
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$86.25

Latest Key Developments (Source: Significant Developments)

BMO Financial Group Announces Unified BMO Private Wealth Canada And Asia
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Bank of Montreal ::BMO FINANCIAL GROUP ANNOUNCES UNIFIED BMO PRIVATE WEALTH CANADA AND ASIA.BMO PRIVATE BANKING AND BMO NESBITT BURNS BRANDS WILL CONTINUE TO BE USED FOR CLIENTS.BMO'S CANADIAN PRIVATE WEALTH BUSINESS WILL ALSO CONTINUE TO BUILD ON ITS LINKAGE WITH BMO'S PRIVATE BANK IN ASIA.ANDREW AUERBACH, CURRENTLY HEAD OF BMO NESBITT BURNS, WILL LEAD BMO PRIVATE WEALTH CANADA AND ASIA.  Full Article

SemGroup And KKR Form Canadian Joint Venture And Acquire Meritage Midstream ULC
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - SemGroup Corp ::SEMGROUP AND KKR FORM CANADIAN JOINT VENTURE AND ACQUIRE MERITAGE MIDSTREAM ULC.SEMGROUP CORP - SEMGROUP TO OWN 51% AND KKR TO OWN 49% OF NEW COMPANY.SEMGROUP CORP - SEMGROUP'S CONTRIBUTION OF SEMCAMS' SHARES AND ASSETS TO SEMCAMS MIDSTREAM VALUED AT C$1.15 BILLION.SEMGROUP CORP - ACQUISITION OF MERITAGE MIDSTREAM FOR C$600 MILLION (US$449 MILLION).SEMGROUP CORP - IN ADDITION, JOINT VENTURE WILL ENTER INTO C$800 MILLION UNDERWRITTEN BANK CREDIT FACILITY.SEMGROUP CORP - KKR WILL ALSO CONTRIBUTE C$300 MILLION (US$224 MILLION) TO ACQUIRE PERPETUAL PREFERRED EQUITY.SEMGROUP - WILL CONTRIBUTE SHARES & ASSETS OF SEMCAMS, VALUED AT C$1.15 BILLION, FOR C$615 MILLION CASH PROCEEDS & 51% COMMON EQUITY OWNERSHIP IN NEW JV.SEMGROUP - SEMCAMS MIDSTREAM WILL OWN ABOUT 900 MMCF/D OF NATURAL GAS PROCESSING CAPACITY BETWEEN EXISTING SEMCAMS AND MERITAGE FACILITIES.SEMGROUP CORP - BUSINESS AND AFFAIRS OF SEMCAMS MIDSTREAM WILL BE MANAGED BY A BOARD OF DIRECTORS COMPOSED OF SEVEN BOARD MEMBERS.SEMGROUP CORP - KKR WILL CONTRIBUTE C$515 MILLION OF CASH IN EXCHANGE FOR 49% OF COMMON EQUITY OWNERSHIP IN SEMCAMS MIDSTREAM.SEMGROUP CORP - SEMCAMS MIDSTREAM BOARD COMPOSED OF FOUR DIRECTORS NOMINATED BY SEMGROUP, THREE NOMINATED BY KKR, WITH SEMGROUP APPOINTING CHAIR.SEMGROUP - MERITAGE DEAL TO BE FINANCED WITH COMBINATION OF FUNDS FROM KKR GLOBAL INFRASTRUCTURE INVESTORS III & SEMCAMS MIDSTREAM CREDIT FACILITY.  Full Article

BMO Financial Group Announces Creation Of New Financial Crimes Unit
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Bank of Montreal ::BMO FINANCIAL GROUP ANNOUNCES NEW FINANCIAL CRIMES UNIT TO BE HEADED BY LARRY ZELVIN.BMO'S ANTI-MONEY LAUNDERING GROUP, HEADED BY HERBERT MAZARIEGOS, TO WORK CLOSELY WITH FINANCIAL CRIMES UNIT.ZELVIN JOINS BMO FROM CITIGROUP INC., WHERE HE WAS MANAGING DIRECTOR AND GLOBAL HEAD, CYBER SECURITY..NEW FINANCIAL CRIMES UNIT WILL INTEGRATE CYBER SECURITY, FRAUD AND PHYSICAL SECURITY.  Full Article

BMO Financial Group Increases Common Share Dividend By 4 Cents From The Prior Quarter
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - Bank of Montreal ::BMO FINANCIAL GROUP INCREASES COMMON SHARE DIVIDEND BY 4 CENTS FROM THE PRIOR QUARTER, UP 8 PER CENT FROM THE PRIOR YEAR.BANK OF MONTREAL - BOARD DECLARED A QUARTERLY DIVIDEND OF $1.00 PER SHARE ON PAID-UP COMMON SHARES OF BANK OF MONTREAL FOR Q1.  Full Article

Bank Of Montreal Q4 Adjusted Earnings Per Share C$2.32
Tuesday, 4 Dec 2018 

Bank of Montreal ::BMO FINANCIAL GROUP REPORTS FOURTH QUARTER AND FISCAL 2018 RESULTS.Q4 EARNINGS PER SHARE C$2.57.Q4 EARNINGS PER SHARE ESTIMATE C$2.29 -- REFINITIV IBES DATA.Q4 ADJUSTED EARNINGS PER SHARE C$2.32.QTRLY NET INTEREST INCOME $2,669 MILLION VERSUS $2,535 MILLION.REPORTED NET INCOME IN CURRENT QUARTER INCLUDED A BENEFIT OF $203 MILLION AFTER-TAX.REPORTED NET INCOME IN CURRENT YEAR ALSO INCLUDES A $425 MILLION CHARGE.  Full Article

Ottawa Senators Enter Into 5-Year Credit Facility With BMO
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Ottawa Senators::OTTAWA SENATORS ENTER INTO FIVE-YEAR REVOLVING CREDIT FACILITY WITH BMO.OTTAWA SENATORS - ENTERED INTO $30 MILLION 5-YEAR REVOLVING CREDIT FACILITY WITH BMO BANK OF MONTREAL'S CORPORATE FINANCE DIVISION, ON OCTOBER 19, 2018.  Full Article

BMO And ICBC Cooperate To Expand Product Offerings And Distribution Opportunities
Monday, 22 Jan 2018 

Jan 22 (Reuters) - 1398.Hk <1398.HK>::BANK OF MONTREAL - CO, INDUSTRIAL AND COMMERCIAL BANK OF CHINA SIGNED BROAD RANGING MOU.BANK OF MONTREAL - MOU COVERS ASSET MANAGEMENT, CORPORATE & PROJECT FINANCING, TRADE FINANCE, CROSS-BORDER RMB COOPERATION.  Full Article

Bank Of Montreal Announces Specific Share Repurchase Program As Part Of Its Normal Course Issuer Bid
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Bank Of Montreal ::BANK OF MONTREAL ANNOUNCES SPECIFIC SHARE REPURCHASE PROGRAM AS PART OF ITS NORMAL COURSE ISSUER BID.BANK OF MONTREAL - ‍WILL ENTER AGREEMENT WITH THIRD PARTY TO REPURCHASE SHARES THROUGH DAILY PURCHASES TO TAKE PLACE BETWEEN JAN 10, AND FEB 2,.BANK OF MONTREAL - ‍CURRENTLY INTENDS TO PURCHASE MAXIMUM OF 3 MILLION COMMON SHARES UNDER PROGRAM​.BANK OF MONTREAL - SHARE REPURCHASE PROGRAM​ WILL FORM PART OF CO'S NORMAL COURSE ISSUER BID FOR UP TO 15 MILLION COMMON SHARES.  Full Article

BMO Financial Reports Q4 Earnings Per Share Of C$1.81
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Bank Of Montreal ::BMO FINANCIAL GROUP REPORTS NET INCOME OF $5.35 BILLION, UP 16%, FOR FISCAL 2017.Q4 EARNINGS PER SHARE C$1.81.Q4 EARNINGS PER SHARE VIEW C$1.99 -- THOMSON REUTERS I/B/E/S.Q4 ADJUSTED EARNINGS PER SHARE C$1.94.SAYS QTRLY DIVIDEND INCREASED $0.03, UP 3% FROM PRIOR QUARTER.QTRLY ‍NET INTEREST INCOME C$2,535 MILLION VERSUS C$2,498​ MILLION.SAYS QTRLY TOTAL PROVISION FOR CREDIT LOSSES WAS $208 MILLION, AN INCREASE OF $34 MILLION FROM PRIOR YEAR.SAYS REPORTED AND ADJUSTED NET INCOME IN QUARTER INCLUDES ELEVATED REINSURANCE CLAIMS OF $112 MILLION, WHICH REDUCED EPS BY $0.17.  Full Article

BMO seeing evidence of softening in Toronto housing market
Wednesday, 24 May 2017 

May 24 (Reuters) - Bank Of Montreal :BMO cfo says will continue to consider m&a opportunities.Bank of montreal says starting to see signs in toronto that there will be a softening in housing market.  Full Article

Nine banks win dismissal of Canadian rate-rigging lawsuit in U.S.

NEW YORK, March 14 A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits from derivatives trading.