BMO
NYSE · Banking
Bank Of Montreal
$176.23
+0.15 (+0.09%)
BMO News30 articles
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.
RBC Shares Gain Ahead of Earnings as Investors Eye Bank of Canada Policy
Royal Bank of Canada stock advanced 0.7% Friday, with investors focused on upcoming quarterly results and uncertain central bank rate outlook.
RBC Shares Near C$233 as Investors Eye Q1 Earnings After Mixed Jobs Data
Royal Bank of Canada stock closed at C$232.72, trailing peers as markets rallied. January jobs showed a loss of 24,800 positions but unemployment fell to 6.5%.
EchoStar Falls as Dish DBS Bankruptcy Looms, Convertible Note Deadline Nears
EchoStar shares fell 1.5% as Dish DBS bankruptcy reports emerge, with the June 30 conversion deadline for $1.9 billion in convertible notes adding pressure.
Crypto-Backed Lending Revival: Wall Street Banks Lead as Bitcoin Nears $60K
Crypto-collateralized lending surged 49% year-over-year to $67 billion in Q1 2026, with Wall Street banks replacing failed crypto lenders. Bitcoin hovered near $59,400.
Bank of America Stock Nears Peak as Fed Stress Test Shifts Focus to Corporate Loans
Bank of America (BAC) edged lower Friday despite a 52-week high, as the Fed's stress test underscores corporate loan exposure. Investors await a July dividend decision.
Exemplar Luxury Group Exits Bankruptcy with 49 Stores, $9B Target
Exemplar Luxury Group, the renamed Saks Global, exits bankruptcy with 49 stores, a $9 billion sales target, and $500 million in exit financing.
Dow Surges Over 760 Points as Industrials and Banks Lead Rally
Dow soars 763.79 points as Caterpillar, Goldman Sachs, and Honeywell lead gains, offsetting Apple's 4.8% drop. Alphabet set to replace Verizon in the Dow on June 29.
Boomer Wealth Tops $90 Trillion but Cash Reserves Are Thin, Posing Risks for Banks and Retailers
U.S. baby boomers control nearly $90 trillion in household wealth, yet their average liquid cash is only $100,250, signaling a key risk for firms dependent on retiree cash flow rather than net worth.
NatWest Holds Gains as Rate Hike Bets Outpace Bank's Forecast
NatWest shares held most of Monday's surge as rate hike bets outpace the bank's 2026 forecast. Investors eye July 31 results for income guidance and loan impairment risks amid UK slowdown and possible tax increases.
Bank of America Hits Record High on Hawkish Fed Rate Forecast
Bank of America shares closed at a record $57.91, boosted by BofA Global Research's hawkish Fed rate hike forecast of 75 basis points and a Citi price target upgrade to $66.
Bank of America Nears Record High Ahead of Fed Stress Test Results
Bank of America shares ended the holiday-shortened week near record highs, as the market anticipates the Fed's annual stress test results on Wednesday.
Grab Stock Surges 8% on Record Profit, Superbank Consolidation Plans
Grab Holdings shares surged 8% to $3.57, outpacing the Nasdaq, as investors cheered record profit, 24% revenue growth, and Superbank consolidation plans.