Company

Bank of Montreal

Headquarters: Montreal, QC, Canada

Founded: Montreal Bank 23 June 1817

Employees: 43,863

CEO: Mr. William Darryl White

show_chart TSX: BMO

Market Cap

C$99.16 Billion

CAD as of April 1, 2022

US$79.22 Billion

history Market Cap History

Company Description

The oldest bank in Canada, founded in 1817, the Bank of Montreal is a banking and financial services corporation. Operating in commercial banking as BMO Bank of Montreal in Canada, the company is also engaged in the United States, especially in the Chicago area, where it operates as BMO Harris Bank. BMO also conducts activities of corporate banking and wealth management.

Bank of Montreal market capitalization over time

Evolution of Bank of Montreal market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Bank of Montreal

Detailed Description

Bank of Montreal provides diversified financial services primarily in North America. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers. It also offers investment and wealth advisory services; digital investing services; financial services and solutions; and investment management, and trust and custody services. In addition, the company provides life insurance, accident and sickness insurance, and annuity products; creditor and travel insurance to bank customers; and reinsurance solutions. Further, it offers client's debt and equity capital-raising services, as well as loan origination and syndication, and treasury management; strategic advice on mergers and acquisitions, restructurings, and recapitalizations, as well as valuation and fairness opinions; and trade finance, risk mitigation, and other operating services. Additionally, the company provides research and access to markets for institutional, corporate, and retail clients; trading solutions that include debt, foreign exchange, interest rate, credit, equity, securitization and commodities; new product development and origination services, as well as risk management advice and services to hedge against fluctuations; and funding and liquidity management services to its clients. It operates through approximately 900 bank branches and 3,300 automated banking machines in Canada and the United States. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.

Wikipedia Introduction

The Bank of Montreal (BMO; French: Banque de Montréal) is a Canadian multinational investment bank and financial services company. The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank; while its head office remains in Montreal, the operational headquarters and executive offices have been located in Toronto, Ontario since 1977. One of the Big Five banks in Canada, it is the fourth-largest bank in Canada by market capitalization and assets, and one of the ten largest banks in North America. It is commonly known by its acronym BMO (pronounced /ˈbiːmoʊ/), which is also its stock symbol on both the Toronto Stock Exchange and the New York Stock Exchange. In October 2021, it had CAD$634 billion in assets under administration (AUA). The Bank Of Montreal swift code is BOFMCAM2 and the institution number is 001. On 23 June 1817, John Richardson and eight merchants signed the Articles of Association to establish the Montreal Bank in a rented house in Montreal, Quebec. The bank officially began conducting business on 3 November 1817, making it Canada's oldest bank. It underwent a name change to its current in 1822. BMO's Institution Number (or bank number) is 001. In Canada, the bank operates as BMO Bank of Montreal and has more than 900 branches, serving over seven million customers. In the United States, it does business as BMO Financial Group, where it has substantial operations in the Chicago area and elsewhere in the country, where it operates BMO Harris Bank. BMO Capital Markets is BMO's investment and corporate banking division, while the wealth management division is branded as BMO Nesbitt Burns. The company is ranked at number 131 on the Forbes Global 2000 list. The company has not missed a dividend payment since 1829, paying dividends consistently through major world crises such as World War I, the Great Depression, World War II, and the 2008 financial crisis; this makes the Bank of Montreal's dividend payment history one of the longest in the world. On December 12, 2021 Bank of Montreal announced the strategic acquisition of Bank of the West from BNP Paribas for US$16.3 billion.

Source: Wikipedia, retrieved on March 31, 2022, 8:54 p.m.

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Key People

George Cope (Chair of the Board) Darryl White (CEO) Dave Casper (CEO, B M O Harris Bank) Dan Barclay (CEO & Group Head, B M O Capital Markets) Tayfun Tuzun (CFO) Cameron Fowler (CSO O) Patrick Cronin (C R O)

Financials

Revenue: C$27.19 billion (2021)

Net income: C$7.75 billion (2021)


Total assets: C$988.18 billion (2021)

Total equity: C$57.52 billion (2021)

Stocks & Indices

Bank of Montreal has the following listings and related stock indices.


Stock: TSX: BMO

Stock: FSX: BZZ

Stock: TSX: BMO.PR.A

Stock: TSX: BMO.PR.B

Stock: TSX: BMO.PR.C

Stock: TSX: BMO.PR.D

Stock: TSX: BMO.PR.E

Stock: TSX: BMO.PR.F

Stock: TSX: BMO.PR.Q

Stock: TSX: BMO.PR.S

Stock: TSX: BMO.PR.T

Stock: TSX: BMO.PR.Y

Stock: TSX: BMO.PR.Z

Stock: NYSE: BMO

Details

Headquarters:

129 rue Saint Jacques

Montreal, QC H2Y 1L6

Canada

Phone: 416-867-7366