BMO
NYSE · Banking
Bank Of Montreal
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BMO News30 articles
RBC, BMO Sell Moneris in C$2B Deal, Keep Payment Ties
RBC and BMO have agreed to sell Moneris Solutions to Francisco Partners for C$2 billion, with RBC expecting an after-tax gain of about C$475 million. The banks will maintain long-term referral agreements.
AbCellera Shares Soar 37% on Promising Menopause Drug Data
AbCellera (ABCL) surged 37.5% after its menopause drug ABCL635 met all primary and secondary endpoints in a Phase 2 trial, reducing hot flash frequency by 83%.
DoubleVerify acquisition spread narrows as closing delayed to 2027
DoubleVerify's acquisition by Nielsen faces a delayed close to Q1 2027, trimming the spread to 2.95% and annualized returns to 4.6%, barely above T-bill yields.
Blue Owl Stock Climbs on $380M Fee Pipeline Outlook
Blue Owl Capital (NYSE:OWL) gained 3.2% to $11.83 after the firm said undeployed assets could yield $380M in yearly management fees, potentially covering its dividend gap.
Coeur Mining Stock Rebounds Despite Q2 Free Cash Flow Per Share Dip
Coeur Mining (CDE) recovered 5.4% in premarket trading after Thursday's drop, but Q2 free cash flow per share slipped 1.9% as guidance was lowered.
Replimune Surges 107% as FDA Panel Backs RP1 Despite Data Discrepancies
Replimune shares soared 107% after an FDA panel endorsed RP1's efficacy data, despite conflicting response rates. The FDA decision is expected by August 2.
Pfizer's 7% Dividend Yield Attracts Income Seekers Amid Market Turmoil
Pfizer (PFE) added 1.28% in post-market trading Monday, outperforming the broader market as investors rotated into defensive stocks amid geopolitical tensions and a tech selloff.
S&P 500 Edges Up Amid Market Cap Split; Small Caps Struggle
U.S. stocks edged up Friday, with the S&P 500 rising 0.2% and Dow up 0.3%, but the Russell 2000 dropped 0.7%. Large caps led gains, while small caps lagged on rate worries.
South Korean Stocks Tumble 20% from Peak Amid Chipmaker Volatility and AI Jitters
South Korean shares dropped 20% from their peak amid chipmaker volatility and AI concerns. Crinetics Pharmaceuticals surged 98.7% on a $10 billion Vertex acquisition deal.
TD Bank Trails TSX Despite $44B Rally Since April
TD Bank shares advanced in Toronto but trailed the broader TSX, which was lifted by metals stocks. The bank has added roughly C$44 billion in market value since its last quarter-end.
Scotiabank's Dividend Yield Premium Holds Ahead of Ex-Dividend Date
Scotiabank stock closed at C$122.39, yielding 3.73%—109 bps above the peer median—as it prepares to go ex-dividend on July 7 with a C$1.14 quarterly payout.
FFN Class A Shares Rise After Split, Preferreds Trade at Discount
FFN Class A shares rose 1.08% after a 110-for-100 split, while preferreds trade at C$10.73, below the C$10.90 offering price, with a yield near 7%.
RBC Shares Dip as OSFI Reduces Capital Buffer for Big Banks
Royal Bank of Canada shares slipped 0.36% as OSFI reduced the Domestic Stability Buffer to 3.0%, freeing capital for lending but not immediately boosting earnings.
TD Bank Hits 52-Week High After OSFI Cuts Capital Buffer
TD Bank shares hit a 52-week high after Canada's OSFI lowered the Domestic Stability Buffer to 3.0%, freeing up capital for lending. The stock rose 0.44% to C$169.38, but U.S. anti-money-laundering issues remain a key risk.
TD Bank Shares Surge to 52-Week Peak on Wholesale Earnings and Leadership Revamp
TD Bank shares rose to a 52-week high on record wholesale earnings and a leadership reshuffle at TD Securities, as the broader Canadian market also hit new highs.
Butterfield Acquires CIBC Caribbean for $1.8B, Reshaping Regional Banking
Butterfield acquires CIBC's majority stake in CIBC Caribbean for $1.8B, adding 41 branches across 10 countries and boosting assets to $29B. CIBC sharpens North American focus.
Canadian Stocks Hit New High as Tech and Mining Rally Offsets Energy Slide
The S&P/TSX Composite Index reached a new closing record of 34,830.89, up 1%, as tech and mining stocks advanced, while energy shares declined on a near 7% drop in Brent crude.
RBC Stock Hits New 52-Week High Ahead of Q2 Earnings Report
Royal Bank of Canada shares hit a new 52-week high of C$265.10 on the TSX, driven by optimism ahead of its Q2 earnings release on May 28. The broader TSX also set a record, buoyed by hopes of U.S.-Iran talks.
BMO Shares Near Record as TSX Hits New High Ahead of Q2 Earnings
Bank of Montreal shares rose to a 52-week high on the TSX, nearing record levels ahead of its fiscal Q2 earnings report on May 27. The bank's dividend of C$1.67 is due May 26.
TD Bank Shares Hit 52-Week High Ahead of Q2 Earnings Report
TD Bank shares hit a 52-week high in Toronto ahead of its Q2 earnings report on May 28, with investors focused on margin pressure and US compliance costs.
BMO Earns Analyst Buy Rating Ahead of Q2 Results, But Mixed Consensus and Asset Sale Risks Loom
Canaccord Genuity maintains Buy on BMO ahead of May 27 earnings. Shares are up 23.5% YTD near a 52-week high, but analyst consensus is split. A C$14.5B asset sale to Stonepeak aims to boost CET1 ratio but incurs a C$900M charge.
RBC Shares Rise Ahead of Q2 Earnings Amid Analyst Divergence
RBC shares rose 1.46% to C$261.09 ahead of its May 28 fiscal Q2 earnings report, with analysts split on the bank's outlook.
Anthropic Unveils AI Agent Templates for Financial Sector Automation
Anthropic released 10 prebuilt AI agent templates for banks and insurers, automating pitchbooks, KYC, and accounting. FIS partners on AML agents; BMO and Amalgamated Bank pilot.
BMO Expands AI Payments Tool to Boost Mid-Market Sales
Bank of Montreal is expanding its AI-driven payments tool to mid-market clients, leveraging Codat's technology to boost card usage and sales efficiency. A Canadian pilot is planned.
UK Inflation Accelerates to 3.3%, Fueling Rate Cut Uncertainty
UK consumer price inflation accelerated to 3.3% in March, up from 3.0% in February, as higher fuel and airfare costs pushed prices upward. Economists widely expect the Bank of England to hold interest rates steady at its April 30 meeting.
Mortgage Rates Inch Lower, Affordability Squeeze Persists for Spring Buyers
U.S. mortgage rates edged down slightly, with the 30-year fixed average at 6.43%. However, purchase applications declined and the median monthly payment rose, highlighting ongoing affordability challenges.
Reliance Denies Iran Oil Purchase as Asia Markets Slump on Geopolitical Tensions
Reliance Industries has dismissed claims it bought Iranian crude oil as unfounded. Asian equity markets fell due to ongoing Middle East tensions, and X Financial reported robust Q3 earnings despite a significant one-off loss.
Bank Stocks Gain on Regulatory Ease Amid Credit, Rate Pressures
Bank of America shares advanced Friday after Federal Reserve officials signaled plans to reduce capital requirements for major banks. The gains occurred alongside fresh stress in private credit markets and persistent inflation concerns delaying interest rate cuts.
TSX Set for Lower Open as Oil Spike Sparks Inflation, Recession Fears
Canada's main stock index is poised for a lower open Monday, with futures down 0.92%, after a surge in oil prices to multi-year highs intensified inflation and recession concerns, pressuring financial and mining sectors.
Morgan Stanley Tumbles 6% Amid Renewed Credit Fears, Jobs Data Looms
Morgan Stanley shares dropped over 6% Friday, leading a broad bank stock selloff fueled by renewed anxiety over private credit and a UK lender's failure. Investors now await the U.S. jobs report for February.