BANK OF MONTREAL (BMO)       96.73  -2.6 (-2.62%)

96.73  -2.6 (-2.62%)

CA0636711016 - Common Stock

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4 hours ago - Seeking Alpha

Bank of Montreal rolls out new digital credit card installment plan feature (NYSE:BMO)

In an effort to increase financial flexibility for its Canadian retail credit card customers, Bank of Montreal (BMO) has launched a new digital credit card installment plan solution,...

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7 days ago - BMO Financial Group

Bank of Montreal Announces the Reverse Split of Two Series of ETNs

/PRNewswire/ - Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced that it will implement a reverse split of the ETNs listed in the table below, expected to...

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10 days ago - The Motley Fool

Why Algonquin Power & Utilities Stock Plunged Below $8 This Week

The utility stock's latest warning raises concerns about the safety of its 9.4% dividend yield.

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19 days ago - The Motley Fool

Here's How This Financial Advisor Stock Is Beating the Bear Market

LPL Financial is up almost 70% this year. Here's what is driving its impressive growth.

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19 days ago - Yahoo Finance

PRESS DIGEST-Canada - Nov 9

The following are the top stories from selected Canadian newspapers. - A jury in a Minnesota bankruptcy court has found the U.S. arm of Bank of Montreal liable for $564 million dollars in damages in a lawsuit related to one of the largest Ponzi schemes in history, and the bank will take a $1.1 billion dollars charge as it prepares to appeal the decision. - The Canadian Competition Bureau received more than 7,000 public comments regarding the proposed 26 billion Canadian dollars ($19.33 billion) merger between Rogers Communications Inc and Shaw Communications Inc, many of them expressing opposition to the deal, the Competition Tribunal heard on Tuesday.

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19 days ago - Yahoo Finance

UPDATE 1-Canada's BMO books $834 mln charge over U.S. Ponzi lawsuit loss

A U.S. jury on Tuesday found a local unit of Canada's Bank of Montreal (BMO) liable for over $550 million in damages over a Ponzi scheme operated by a Minnesota businessman, leading the bank to book a charge of C$1.12 billion ($834.2 million). Thomas Petters was found guilty in 2009 of orchestrating a $3.65 billion Ponzi scheme and sentenced to 50 years in prison. The lawsuit in Minnesota sought to recoup nearly $2 billion based on sums Petters transferred from an account at Marshall & Ilsley Bank, which BMO bought in 2011.

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20 days ago - Reuters

Canada's BMO books $834 mln charge over U.S. Ponzi lawsuit

A jury in the United States on Tuesday found Canada's Bank of Montreal's U.S. unit liable to pay more than $550 million in damages over a Ponzi scheme operated by a Minnesota businessman, leading the bank to book an overall charge of C$1.12 billion ($834.2 million).

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20 days ago - Yahoo Finance

Canada's BMO books $834 million charge over U.S. Ponzi lawsuit

A federal jury in 2009 had found the businessman, Thomas Petters, guilty of orchestrating a $3.65 billion Ponzi scheme, and he was sentenced to 50 years in prison. The lawsuit in Minnesota sought to recoup nearly $2 billion in damages based on sums transferred by Petters from an account at Marshall & Ilsley Bank, which Bank of Montreal bought in 2011 and assumed its liability.

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20 days ago - Yahoo Finance

Canada's BMO books $834 mln charge over U.S. Ponzi lawsuit

A jury in the United States on Tuesday found Canada's Bank of Montreal's U.S. unit liable to pay more than $550 million in damages over a Ponzi scheme operated by a Minnesota businessman, leading the bank to book an overall charge of C$1.12 billion ($834.2 million). A federal jury in 2009 had found the businessman, Thomas Petters, guilty of orchestrating a $3.65 billion Ponzi scheme, and he was sentenced to 50 years in prison. The lawsuit in Minnesota sought to recoup nearly $2 billion in damages based on sums transferred by Petters from an account at Marshall & Ilsley Bank, which Bank of Montreal bought in 2011 and assumed its liability.

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20 days ago - BMO Financial Group

BMO Harris to Appeal Verdict in Petters Litigation

/CNW/ - BMO Financial Group (TSX: BMO) (NYSE: BMO) announced today that its subsidiary, BMO Harris Bank N.A. (BMO Harris) intends to pursue all available legal...

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20 days ago - BMO Financial Group

BMO Harris to Appeal Verdict in Petters Litigation

/PRNewswire/ - BMO Financial Group (TSX: BMO) (NYSE: BMO) announced today that its subsidiary, BMO Harris Bank N.A. (BMO Harris) intends to pursue all...

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a month ago - Yahoo Finance

UPDATE 1-HSBC's Canada unit loses National Bank, CIBC as bidders, Global and Mail reports

National Bank of Canada and Canadian Imperial Bank of Commerce (CIBC) have dropped out as bidders for HSBC Holdings PLC's business in Canada, while Bank of Montreal is still pursuing the deal, according to a report in The Globe and Mail newspaper. HSBC disclosed on Oct. 4 that it was considering selling HSBC Bank Canada, a unit that analysts estimate to be valued at around C$8 billion ($5.88 billion) to C$10 billion ($7.35 billion). The Globe and Mail, in its report on Friday, quoted sources familiar with the process as saying that the field of contenders to acquire HSBC Bank Canada from the British lender was narrowing.

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a month ago - Yahoo Finance

HSBC's Canada unit loses National Bank, CIBC as bidders, Global and Mail reports

HSBC disclosed on Oct. 4 that it was considering selling HSBC Bank Canada, a unit that analysts estimate to be valued around C$8 billion ($5.88 billion) to C$10 billion ($7.35 billion). The Globe and Mail, in its report on Friday, quoted sources familiar with the process as saying that the field of contenders to acquire HSBC Bank Canada from the British lender was narrowing. Lawyers and analysts have said Canada's concentrated banking market could discourage big domestic banks from bidding as the government has charged the antitrust regulator to push for more competition.

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a month ago - Reuters

HSBC's Canada unit loses National Bank, CIBC as bidders, Global and Mail reports

National Bank of Canada and Canadian Imperial Bank of Commerce (CIBC) have dropped out as bidders for HSBC Holdings PLC's business in Canada, while Bank of Montreal is still pursuing the deal, according to a report in The Globe and Mail newspaper.

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a month ago - Bloomberg

BMO to Buy Carbon Credits From Amazon-Backed Technology Company

Bank of Montreal agreed to buy carbon credits from CarbonCure Technologies Inc., a company backed by investors including Amazon.com Inc.

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a month ago - BMO Financial Group

Bank of Montreal Announces the Reverse Split of Three Series of ETNs

/PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it will implement a reverse split of the ETNs listed in the table below, expected...

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a month ago - The Motley Fool

2 Ultra-High-Yield Financial Stocks to Buy Hand Over Fist and 1 to Avoid

A potential recession looms, and investors are worried. Here are two big yields worth buying anyway and one to avoid.

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a month ago - BMO Financial Group

Bank of Montreal Announces Subordinated Note Issue

/CNW/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced a domestic public offering of $750 million of subordinated notes (Non-Viability Contingent...

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a month ago - The Motley Fool

Why JPMorgan Chase's Stock Is Rising After a Wall Street Upgrade

An analyst provided some bullish sentiment for the stock this morning.

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2 months ago - X herald

Financial Guarantee Market Business Strategies, Acquisitions, Revenue Analysis Share, Forecast to 2028 | by Asian Development Bank, Bank of Montreal, Citibank

Continue reading "Financial Guarantee Market Business Strategies, Acquisitions, Revenue Analysis Share, Forecast to 2028 | by Asian Development Bank, Bank of Montreal, Citibank"

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2 months ago - Bloomberg

BMO Fixed Income Head Sees ‘99.9%’ Odds of Fed-Induced Recession

It will be nearly impossible for the North American economy to avoid a recession because interest rates will have to rise much higher to quell inflation, according to the head of fixed income at Bank of Montreal’s fund management division.

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2 months ago - Bloomberg

BMO Capital Markets Is Cutting Jobs After Downturn in Business

Bank of Montreal’s capital-markets division is cutting jobs across its businesses and locations in response to weakening market conditions, according to people familiar with the matter.

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3 months ago - BMO Financial Group

Bank of Montreal Announces AT1 Limited Recourse Capital Notes Issue

/CNW/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) (or the "Bank") today announced the offering of CAD $1 billion of non-viability contingent capital ("NVCC")...

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3 months ago - BMO Financial Group

Media Advisory - BMO CFO Tayfun Tuzun to Speak at the Barclays Global Financial Services Conference

/CNW/ - Tayfun Tuzun, Chief Financial Officer, BMO Financial Group (TSX: BMO) (NYSE: BMO), will participate in the Barclays Global Financial Services...

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3 months ago - BMO Financial Group

Media Advisory - BMO CEO Darryl White to Speak at the Scotiabank Financials Summit

/CNW/ - Darryl White, Chief Executive Officer, BMO Financial Group (TSX: BMO) (NYSE: BMO), will participate in the Scotiabank Financials Summit on September 7,...

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3 months ago - Yahoo Finance

UPDATE 1-Canadian banks brace for uncertainties after mixed quarter

Bank of Montreal (BMO) closed out a mixed quarter for Canada's biggest banks on Tuesday, with investors and analysts expecting some earnings drivers to ebb and economic uncertainties to increase in future quarters. Three of Canada's Big Six banks have missed expectations driven in part by challenges in their capital markets operations. The other three beat expectations as loan growth remained strong and margins expanded.

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3 months ago - Yahoo Finance

Canadian banks brace for uncertainties after mixed quarter

Bank of Montreal (BMO) closed out a mixed quarter for Canada's biggest banks on Tuesday, with investors and analysts expecting some earnings drivers to ebb and economic uncertainties to increase in future quarters. BMO missed analysts' estimates for third-quarter profit and reported a decline in earnings from a year earlier as revenue from its capital markets business slumped and it increased provisions for credit losses. Three of Canada's Big Six banks have missed expectations driven in part by challenges in their capital markets operations.

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3 months ago - Reuters

Canadian banks brace for uncertainties after mixed quarter

Bank of Montreal (BMO) closed out a mixed quarter for Canada's biggest banks on Tuesday, with investors and analysts expecting some earnings drivers to ebb and economic uncertainties to increase in future quarters.

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3 months ago - Yahoo Finance

CANADA STOCKS-TSX futures edge higher; Bank of Montreal profit drop dents sentiment

Futures for Canada's main stock index rose on Tuesday, tracking an uptick in global shares, though dour earnings from Bank of Montreal and weakness in crude prices kept gains in check. Crude prices tumbled on fears that an inflation-induced weakening of global economies would soften fuel demand, and as Iraqi crude exports have been unaffected by clashes. Gold and other precious metal prices were pressured by expectations of more interest rate hikes by the U.S. Federal Reserve.