Bank of Montreal (BMO) announced its plan to repurchase up to 25 million common shares, about 3.6% of its public float, starting around September 8, 2026, pending regulatory approvals. The buyback will run until September 7, 2027, providing BMO flexibility to manage its capital position amid market conditions. Shares will be bought at market price except for some purchases under special exemption orders, which may be at a discount. This move follows BMO's current buyback program ending in September 2026 and reflects ongoing capital management efforts by the bank.
Scotiabank and BMO both reported record earnings per share growth last quarter, with Scotiabank up 21% and BMO up 22%. Scotiabank saw a 37% increase in capital markets and 23% in wealth management, while BMO's capital markets grew 45% and wealth 22%....
Canada's Bank of Montreal (BMO) and Bank of Nova Scotia (Scotiabank) reported quarterly earnings that exceeded profit expectations amid rising US-Canada trade tensions. Despite new US tariffs on Canadian imports and Canada's retaliatory tariffs on US...
Bank of Montreal reported a strong fiscal third quarter with an adjusted return on equity (ROE) of 14%, showing growth across all business segments. The bank aims to achieve a sustainable 15% ROE by fiscal year 2027, supported by operational improvem...
Bank of Montreal reported quarterly earnings per share of $2.84, surpassing analyst expectations of $2.71, driven by a 19% rise in adjusted net income to $2.86 billion and revenue of $7.11 billion, exceeding forecasts. The bank's improved profitabili...
Bank of Montreal reported third-quarter adjusted earnings per share of $2.86, surpassing analyst estimates of $2.71 and marking a 21.7% increase from the previous year. Revenue rose 9.26% to $7.148 billion, driven by strong performance in its US reta...
