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Also traded in: Canada, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 9.15
BMO's Cash-to-Debt is ranked higher than
67% of the 1592 Companies
in the Global Banks - Global industry.

( Industry Median: 2.23 vs. BMO: 9.15 )
Ranked among companies with meaningful Cash-to-Debt only.
BMO' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.27  Med: 6.34 Max: N/A
Current: 9.15
Equity-to-Asset 0.06
BMO's Equity-to-Asset is ranked lower than
85% of the 1591 Companies
in the Global Banks - Global industry.

( Industry Median: 0.10 vs. BMO: 0.06 )
Ranked among companies with meaningful Equity-to-Asset only.
BMO' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04  Med: 0.05 Max: 0.06
Current: 0.06
0.04
0.06
Interest Coverage 1.30
BMO's Interest Coverage is ranked lower than
58% of the 1515 Companies
in the Global Banks - Global industry.

( Industry Median: 1.69 vs. BMO: 1.30 )
Ranked among companies with meaningful Interest Coverage only.
BMO' s Interest Coverage Range Over the Past 10 Years
Min: 0.2  Med: 1.11 Max: 1.3
Current: 1.3
0.2
1.3
Beneish M-Score: -1.69
WACC vs ROIC
12.21%
131.96%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 29.53
BMO's Operating Margin % is ranked lower than
55% of the 1606 Companies
in the Global Banks - Global industry.

( Industry Median: 31.37 vs. BMO: 29.53 )
Ranked among companies with meaningful Operating Margin % only.
BMO' s Operating Margin % Range Over the Past 10 Years
Min: 18.62  Med: 28.4 Max: 33.06
Current: 29.53
18.62
33.06
Net Margin % 23.57
BMO's Net Margin % is ranked higher than
53% of the 1605 Companies
in the Global Banks - Global industry.

( Industry Median: 22.70 vs. BMO: 23.57 )
Ranked among companies with meaningful Net Margin % only.
BMO' s Net Margin % Range Over the Past 10 Years
Min: 16.15  Med: 22.91 Max: 25.72
Current: 23.57
16.15
25.72
ROE % 11.88
BMO's ROE % is ranked higher than
71% of the 1603 Companies
in the Global Banks - Global industry.

( Industry Median: 8.58 vs. BMO: 11.88 )
Ranked among companies with meaningful ROE % only.
BMO' s ROE % Range Over the Past 10 Years
Min: 8.69  Med: 12.6 Max: 14.5
Current: 11.88
8.69
14.5
ROA % 0.73
BMO's ROA % is ranked lower than
61% of the 1612 Companies
in the Global Banks - Global industry.

( Industry Median: 0.90 vs. BMO: 0.73 )
Ranked among companies with meaningful ROA % only.
BMO' s ROA % Range Over the Past 10 Years
Min: 0.44  Med: 0.71 Max: 0.82
Current: 0.73
0.44
0.82
3-Year Revenue Growth Rate 9.30
BMO's 3-Year Revenue Growth Rate is ranked higher than
68% of the 1354 Companies
in the Global Banks - Global industry.

( Industry Median: 4.20 vs. BMO: 9.30 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
BMO' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0.4  Med: 5.3 Max: 9.8
Current: 9.3
0.4
9.8
3-Year EBITDA Growth Rate 2.70
BMO's 3-Year EBITDA Growth Rate is ranked lower than
59% of the 1256 Companies
in the Global Banks - Global industry.

( Industry Median: 6.40 vs. BMO: 2.70 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
BMO' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -14.8  Med: 6.65 Max: 24.4
Current: 2.7
-14.8
24.4
3-Year EPS without NRI Growth Rate 3.90
BMO's 3-Year EPS without NRI Growth Rate is ranked lower than
60% of the 1226 Companies
in the Global Banks - Global industry.

( Industry Median: 7.40 vs. BMO: 3.90 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
BMO' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -15.7  Med: 6.85 Max: 25.6
Current: 3.9
-15.7
25.6
GuruFocus has detected 5 Warning Signs with Bank of Montreal $BMO.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» BMO's 10-Y Financials

Financials (Next Earnings Date: 2017-05-28 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

BMO Guru Trades in Q1 2016

David Dreman 15,882 sh (+3681.43%)
Jim Simons 247,700 sh (+438.48%)
Mairs and Power 3,874 sh (-4.91%)
Jeremy Grantham 797,800 sh (-21.67%)
» More
Q2 2016

BMO Guru Trades in Q2 2016

David Dreman 15,175 sh (-4.45%)
Mairs and Power 3,573 sh (-7.77%)
Jeremy Grantham 704,700 sh (-11.67%)
Jim Simons 112,800 sh (-54.46%)
» More
Q3 2016

BMO Guru Trades in Q3 2016

Jim Simons 359,695 sh (+218.88%)
David Dreman 15,175 sh (unchged)
Mairs and Power Sold Out
Jeremy Grantham 257,800 sh (-63.42%)
» More
Q4 2016

BMO Guru Trades in Q4 2016

Jim Simons 566,695 sh (+57.55%)
David Dreman 15,509 sh (+2.20%)
Jeremy Grantham 221,826 sh (-13.95%)
» More
» Details

Insider Trades

Latest Guru Trades with BMO

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Bank of Montreal

SymbolPriceYieldDescription
BMO.PR.K.Canada24.983.895 1/4 % Non-Cum Perp Pfd Shs -B- Series -14-
BMO.PR.M.Canada24.752.55Non-Cum Pfd Shs -B- Series -16-
BMO.PR.Q.Canada21.962.13Non-Cum Pfd Shs B Series 25
BMO.PR.L.Canada24.995.72Non-Cum Perp Pfd Shs -B- Without Fixed Maturity Series -15-
BMO.PR.R.Canada24.191.66Pfd Shs Series -17-
BMQCF19.410.00Non-Cum Pfd Shs -B- Series -16-
BMQZF19.224.29Non-Cum Perp Pfd Shs -B- Without Fixed Maturity Series -15-
BMO.PR.S.Canada22.253.33Non-Cum Pfd Shs -B- Series -27-
BMO.PR.T.Canada21.893.29B
BMO.PR.W.Canada21.803.22Non-Cum Pfd Shs -B- Series -31-
BMO.PR.A.Canada20.701.00B
BMO.PR.Y.Canada23.692.97Non-Cum Red Pfd Shs -B- Series -33-
BMO.PR.C.Canada25.750.00Non-Cum Red Pfd Registered Shs -B- Series -40-
BMO.PR.Z.Canada25.803.59Non-Cum Pfd Shs -B- Series -35-
BMMQF0.000.00B
BMO.PR.B.Canada26.391.58Series 38

Business Description

Industry: Banks » Banks - Global    NAICS: 522110    SIC: 7021
Compare:OTCPK:BCLYF, NYSE:SMFG, NYSE:BBVA, OTCPK:BCMXY, NYSE:ING, NYSE:RBS, NYSE:UBS, NYSE:CM, OTCPK:SCBFF, OTCPK:CSGKF, OTCPK:NABZY, OTCPK:SVNLY, OTCPK:ANZBY, NYSE:BNS, OTCPK:MLYBY, OTCPK:FANDY, OTCPK:NTIOF, OTCPK:JBAXY, NYSE:MTU, NAS:EWBC » details
Traded in other countries:BMO.Canada, BZZ.Germany,
Headquarter Location:Canada
Bank of Montreal is a financial services provider based in North America. It provides retail banking, wealth management and investment banking products & services.

Bank of Montreal is Canada's fourth-largest bank, operating four business segments: personal and commercial (Canada), personal and commercial (United States), the private client group, and Bank of Montreal Capital Markets. It serves approximately 12 million customers in Canada, the U.S., and other global markets.

Top Ranked Articles about Bank of Montreal

MEDIA ADVISORY: BMO Supports the LGBTQ+ Community With the 21st Annual Pride and Remembrance Run

- Marks the largest fundraising event held during Toronto's Pride Month celebrations - To date, the Run has raised more than $1 million for local charities that support the lesbian, gay, bisexual and transgender (LGBTQ ) community

TORONTO, ONTARIO--(Marketwired - Jun 28, 2016) - This Saturday, July 2nd, a record number of participants will lace up for the largest fundraising event held during Toronto Pride Month, the 21st annual Pride and Remembrance Run, presented by BMO Financial Group. The run, a long-standing tradition held during the Toronto Pride festival to celebrate and support the LGBTQ community, is the largest of its kind in Canada and one of the most popular running events in the Greater Toronto Area. This year, participants will raise money to benefit four Toronto Organizations: The 519, AIDS Committee of Toronto (ACT), Rainbow Railroad and the Pride and Remembrance Foundation.






WHO:
Chuck Coolen, President, Pride and Remembrance Association



Tony Tintinalli, Regional Vice President, Toronto Downtown, BMO Bank of Montreal

Paul Noble, Vice-President, Deputy General Counsel and Assistant Corporate Secretary, BMO Capital Markets






WHAT:
The 2016 Pride and Remembrance Run, BMO Financial Group (title sponsor)






WHEN:
Saturday, July 2nd, 2016



9:30 a.m. - 12:00 noon ET



Race begins at 10:00 a.m. ET



Awards Ceremony at 11:00 a.m. ET






WHERE:
Start/Finish Line: Corner of Church and Wellesley Streets



Awards Ceremony: Barbara Hall Park (519 Church St., Toronto, ON







"BMO is committed to creating a workplace that values and encourages diversity and inclusion to better serve our customers, who are from all walks of life," said Paul Noble, Vice-President, Deputy General Counsel and Assistant Corporate Secretary, BMO Capital Markets. "We are honoured to be the title sponsor of the Pride and Remembrance Run again this year and to participate through our employee fundraising team, Team BMO. This event is important to the LGBTQ community and we look forward to being a part of it." "For more than 20 years, the Pride and Remembrance Run and the LGBTQ community have rallied together with spirit and sportsmanship to show our pride and give back," said Chuck Coolen, President of the Pride and Remembrance Association. "Now more than ever, it is important we continue to foster the community spirit that unites us." The five-kilometre run/three-kilometre walk kicks off at the start line with warm-ups led by James Braithwaite, founder of Braithwaite Physiotherapy/Yorkville Physiotherapy, and a stretching and yoga session led by Michael DeCorte and his Jock Yoga team. About the Pride and Remembrance Run In 1996, three gay athletes founded the Pride and Remembrance Run, an annual five-kilometre run / three-kilometre walk coinciding with Toronto's Pride Week. It was dedicated to partnering the themes of PRIDE and REMEMBRANCE with community celebration and personal achievement. The Pride and Remembrance Run has become an annual tradition promoting and fostering community spirit, goodwill, volunteerism and sportsmanship in the LGBTQ community. For more information, visit priderun.org. About BMO and Diversity From the development of the first Registered Disability Savings Plan to sponsorship of the Pride and Remembrance Run, BMO is committed to promoting accessibility, inclusivity and equality. This commitment extends to initiatives outside the workplace into all communities where BMO operates.





Media Contacts:
Jessica Leroux, Toronto
416-867-3996
[email protected]
Michelle Agnelo, Toronto
416-867-3996
[email protected]
Web: www.bmo.com
Twitter: @BMO
Instagram: @BMOCanada




Read more...
Bank of Montreal Announces Conversion Privilege of $290,000,000 Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 25

TORONTO, ONTARIO--(Marketwired - Jun 27, 2016) - Bank of Montreal (the "Bank") (TSX:BMO)(NYSE:BMO) today announced that it does not intend to exercise its right to redeem the currently outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 25 of the Bank (the "Preferred Shares Series 25") on August 25, 2016, and as a result, subject to certain conditions, the holders of Preferred Shares Series 25 have the right, at their option, to convert all or part of their Preferred Shares Series 25 on a one-for-one basis into Non-Cumulative Floating Rate Class B Preferred Shares, Series 26 of the Bank (the "Preferred Shares Series 26") on August 25, 2016. Holders who do not exercise their right to convert their Preferred Shares Series 25 into Preferred Shares Series 26 on such date will retain their Preferred Shares Series 25, unless automatically converted in accordance with the conditions below. The foregoing conversions are subject to the conditions that: (i) if, after August 10, 2016, the Bank determines that there would be less than 1,000,000 Preferred Shares Series 25 outstanding on August 25, 2016, then all remaining Preferred Shares Series 25 will automatically be converted into an equal number of Preferred Shares Series 26 on August 25, 2016; and (ii) alternatively, if the Bank determines that there would be less than 1,000,000 Preferred Shares Series 26 outstanding on August 25, 2016, no Preferred Shares Series 25 will be converted into Preferred Shares Series 26. In either case, the Bank will give written notice to that effect to any registered holders of Preferred Shares Series 25 affected by the preceding minimums on or before August 18, 2016. The dividend rate applicable to the Preferred Shares Series 25 for the 5-year period commencing on August 25, 2016, and ending on August 24, 2021, and the dividend rate applicable to the Preferred Shares Series 26 for the 3-month period commencing on August 25, 2016, and ending on November 24, 2016, will be determined and announced by way of a news release on July 26, 2016. The Bank will also give written notice of these dividend rates to the registered holders of Preferred Shares Series 25. Beneficial owners of Preferred Shares Series 25 who, on or after July 26, 2016, wish to exercise their right of conversion should instruct their broker or other nominee to exercise such right before 5:00 p.m. (EDT) on August 10, 2016. Conversion inquiries should be directed to BMO's Registrar and Transfer Agent, Computershare Trust Company of Canada, at 1-800-340-5021. About BMO Financial Group Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $681 billion as of April 30, 2016, and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.





For News Media Inquiries:
Ralph Marranca, Toronto
(416) 867-3996
[email protected]
Valerie Doucet, Montreal
(514) 877-8224
[email protected]
For Investor Relations Inquiries:
Lisa Hofstatter, Toronto
(416) 867-7019
[email protected]
Christine Viau, Toronto
(416) 867-6956
[email protected]
Internet: www.bmo.com
Twitter: @BMOMedia




Read more...
BMO Welcomes the Argos to BMO Field

- Toronto Argonauts set to play first home game at BMO Field tonight - BMO Financial Group is now the Official Bank of the Toronto Argonauts - BMO Field will also play host to the 104th Grey Cup in November

TORONTO, ONTARIO--(Marketwired - Jun 23, 2016) - As the Toronto Argonauts prepare for tonight's historic home opener at BMO Field, and the club's return to the Exhibition Place grounds after 28 years, BMO Financial Group welcomes the Canadian Football League team to their new home by announcing a 10-year partnership that will see BMO become the official bank of the Argos. The Argos join Major League Soccer franchise Toronto FC, who has called BMO Field home since 2007, as the two tenants of the stadium. Following a two-year, $150 million renovation project that was completed last month, BMO Field was retrofitted as a multi-purpose stadium. In February, as construction on the renovation project progressed, BMO announced a ten-year renewal of the bank's naming rights sponsorship of the stadium. "BMO has been a proud supporter and partner of BMO Field and Toronto FC since day one, as well as a strong advocate of the vision to expand the stadium to provide a world-class experience for two of Toronto's sports franchises and their fans," said Connie Stefankiewicz, Chief Marketing Officer, BMO Financial Group. "We are pleased to welcome the Argos and their fans to the newly renovated BMO Field and look forward to the team's success for years to come." Originally opened in April, 2007, Toronto FC is celebrating its 10th season of play at BMO Field. The 2008 MLS All Star Game was played at BMO Field and in 2010 and the stadium became the first venue outside of the United States to host the MLS Cup. BMO Field will also play host to the 2016 Grey Cup in November and the NHL Centennial Classic on January 1, 2017. Follow us on Twitter to see more of the official welcome of the Toronto Argonauts @BMOmedia. About BMO Financial Group Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $681 billion as of April 30, 2016, and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.





Media Contacts:
Jessica Leroux, Toronto
(416) 867-3996
[email protected]
Valerie Doucet, Montreal
(514) 877-8224
[email protected]
Internet: www.bmo.com
Twitter: @BMOmedia




Read more...
BMO Marks 20th National Aboriginal Day With In-Branch Celebrations

TORONTO, ONTARIO--(Marketwired - Jun 21, 2016) - Today marks the 20th anniversary of National Aboriginal Day in Canada, and BMO will join in to acknowledge the valuable contributions of Aboriginal peoples throughout Canada with in-branch events at their 14 On Reserve locations. "For more than 25 years, BMO has been a committed partner in contributing to the economic self-sufficiency of Canada's Aboriginal communities, businesses and individuals across Canada," said Stephen Fay, Managing Director & Head of BMO Aboriginal Banking. "We aim to help consistently deliver the best possible service to our Aboriginal clients, from small business owners to personal banking customers, and provide products and a workforce that reflect the communities in which we work and live." BMO's year-round services for Aboriginal communities include:

On-reserve housing programs to meet the unique needs of the Communities;
Building beneficial, sustainable relationships between BMO Financial Group and community representatives;
Seminars for elders and youth to aid in meeting financial goals; and
Recognition of the unique culture of our Aboriginal Communities.

These efforts have resulted in BMO being the first bank awarded Gold Level ranking for Progressive Aboriginal Relations from the Canadian Council for Aboriginal Business, of which the bank has been a member since its inception. BMO has received gold ranking for four consecutive years. "We are delighted to be recognized at the highest level for our efforts in Aboriginal Communities, and strive to continue to do so through our Aboriginal Enterprise Resource Group, which looks to find new ways to deepen BMO's involvement with community events and mentorship programs," said Mr. Fay. To learn more about BMO's Aboriginal Banking Unit and services, visit: https://www.bmo.com/aboriginal/en/index.html. About BMO Financial Group Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $681 billion as of April 30, 2016, and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.





Media Contacts:
Michelle Agnelo, Toronto
(416) 867-3996
[email protected]
Valerie Doucet, Montreal
(514) 877-8224
[email protected]
Internet: www.bmo.com
Twitter: @BMOmedia




Read more...
BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded Funds

TORONTO, ONTARIO--(Marketwired - Jun 20, 2016) - BMO Asset Management Inc. ("BMO AM") today announced the June 2016 cash distributions for certain BMO Exchange Traded Funds (ETFs)* that distribute monthly or quarterly. Unitholders of record of the BMO ETFs at the close of business on June 29, 2016 will receive cash distributions payable on July 7, 2016. Details of the per-unit distribution amounts are as follows:




BMO ETFs with Monthly Distributions:


Ticker
Cash Distribution

per Unit ($)


BMO Short Federal Bond Index ETF
ZFS
0.022


BMO Mid Federal Bond Index ETF
ZFM
0.029


BMO Long Federal Bond Index ETF
ZFL
0.045


BMO Short Provincial Bond Index ETF
ZPS
0.036


BMO Mid Provincial Bond Index ETF
ZMP
0.037


BMO Long Provincial Bond Index ETF
ZPL
0.046


BMO Short Corporate Bond Index ETF
ZCS
0.040


BMO Mid Corporate Bond Index ETF
ZCM
0.043


BMO Long Corporate Bond Index ETF
ZLC
0.065


BMO Aggregate Bond Index ETF
ZAG
0.040


BMO Discount Bond Index ETF
ZDB
0.025


BMO Real Return Bond Index ETF
ZRR
0.025


BMO Floating Rate High Yield ETF
ZFH
0.060


BMO High Yield US Corporate Bond Hedged to CAD Index ETF
ZHY
0.070


BMO Emerging Markets Bond Hedged to CAD Index ETF
ZEF
0.064


BMO Mid-Term US IG Corporate Bond Index ETF
ZIC
0.051


BMO Mid-Term US IG Corporate Bond Index ETF (U.S. Dollar Units)
ZIC.U
0.040


BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF
ZSU
0.025


BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF
ZMU
0.041


BMO Ultra Short-Term Bond ETF
ZST
0.176


BMO S&P/TSX Equal Weight Banks Index ETF
ZEB
0.072


BMO Equal Weight Utilities Index ETF
ZUT
0.055


BMO Equal Weight REITs Index ETF
ZRE
0.088


BMO Monthly Income ETF
ZMI
0.056


BMO Covered Call Canadian Banks ETF
ZWB
0.078


BMO Covered Call Utilities ETF
ZWU
0.078


BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF
ZWA
0.081


BMO US High Dividend Covered Call ETF
ZWH
0.095


BMO US High Dividend Covered Call ETF (U.S. Dollar Units)
ZWH.U
0.100


BMO Canadian Dividend ETF
ZDV
0.055


BMO Laddered Preferred Share Index ETF
ZPR
0.045


BMO US Dividend Hedged to CAD ETF
ZUD
0.048


BMO US Dividend ETF
ZDY
0.062


BMO US Dividend ETF (U.S. Dollar Units)
ZDY.U
0.048


BMO International Dividend ETF
ZDI
0.080


BMO US Put Write ETF
ZPW
0.120


BMO US Put Write ETF (US Dollar Units)
ZPW.U
0.120


BMO International Dividend Hedged to CAD ETF
ZDH
0.081


BMO Europe High Dividend Covered Call Hedged to CAD ETF
ZWE
0.120


BMO ETFs with Quarterly Distributions:




BMO S&P/TSX Capped Composite Index ETF
ZCN
0.140


BMO S&P 500 Hedged to CAD Index ETF
ZUE
0.140


BMO Dow Jones Industrial Average Hedged to CAD Index ETF
ZDJ
0.150


BMO S&P/TSX Equal Weight Oil & Gas Index ETF
ZEO
0.070


BMO MSCI EAFE Hedged to CAD Index ETF
ZDM
0.113


BMO MSCI EAFE Index ETF
ZEA
0.100


BMO MSCI Europe High Quality Hedged to CAD ETF
ZEQ
0.090


BMO Global Infrastructure Index ETF
ZGI
0.220


BMO Equal Weight U.S. Banks Hedged to CAD Index ETF
ZUB
0.075


BMO Equal Weight U.S. Banks Index ETF
ZBK
0.070


BMO Low Volatility Canadian Equity ETF
ZLB
0.170


BMO S&P 500 Index ETF
ZSP
0.130


BMO S&P 500 Index ETF (U.S. Dollar Units)
ZSP.U
0.100


BMO S&P/TSX Equal Weight Industrials Index ETF
ZIN
0.080


BMO Low Volatility US Equity ETF
ZLU
0.145


BMO Low Volatility US Equity ETF (U.S. Dollar Units)
ZLU.U
0.115


BMO Equity Linked Corporate Bond ETF
ZEL
0.045


BMO MSCI USA High Quality Index ETF
ZUQ
0.060


BMO MSCI All Country World High Quality Index ETF
ZGQ
0.070


BMO Low Volatility International Equity ETF
ZLI
0.100


BMO Low Volatility International Equity Hedged to CAD ETF
ZLD
0.100


BMO Low Volatility US Equity Hedged to CAD ETF
ZLH
0.110



*BMO ETFs are administered and managed by BMO Asset Management Inc., an investment fund manager and portfolio manager and a separate legal entity from Bank of Montreal. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated. S&P® and S& P500® are trademarks of Standard & Poor's Financial Services LLC, Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC, and TSX is a trademark of TSX Inc. These and other associated trademarks and/or service marks have been licensed for use by BMO Asset Management Inc. The index underlying the ZEB, ZUT, ZRE, ZWA, ZCN, ZEO, ZUE, ZSP, ZSP.U, and ZIN BMO ETFs are products S&P Dow Jones Indices LLC and has been licensed for use by BMO Asset Management Inc. The BMO ETF is not sponsored, endorsed, sold or promoted by any of its aforementioned trademark owners and the related index providers or their respective affiliates or their third party licensors and these entities make no representation, warranty or condition regarding the advisability of buying, selling or holding units in the BMO ETF. The Dow Jones Industrial Average Index CAD Hedged is a product of Dow Jones Opco, LLC ("Dow Jones Opco"), a subsidiary of S&P Dow Jones Indices LLC and has been licensed for use. "Dow Jones® "and Industrial Average Index CAD Hedged are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), and has been licensed to Dow Jones Opco and sublicensed by BMO Asset Management Inc. in connection with ZDJ. ZDJ is not sponsored, endorsed, sold, or promoted by Dow Jones Opco, Dow Jones, and their respective affiliates, make no representation regarding the advisability of trading or investing in such a product(s). The funds or securities referred to herein are not sponsored, endorsed or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related funds. Further information about BMO ETFs can be found at www.bmo.com/etfs. About BMO Exchange Traded Funds (ETFs) Established in May 2009, BMO Financial Group's ETF business is a leading ETF provider in Canada. BMO ETFs provide Canadian investors with broader choices and greater access to an innovative portfolio of investment products. About BMO Financial Group Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $681 billion as of April 30, 2016, and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.





Media Contacts:
Mark Beazley, Toronto
(416) 867-3996
[email protected]
Valerie Doucet, Montreal
(514) 877-8224
[email protected]




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BMO Asset Management Inc. Lowers Management Fees on ETFs

- Now offering the lowest cost fixed income ETFs in Canada - Management fees on broad fixed income ETFs reduced by more than 50 per cent

TORONTO, ONTARIO--(Marketwired - Jun 15, 2016) - BMO Asset Management Inc. ("BMO AM") today announced it is reducing the maximum annual management fee on certain of its exchange traded funds (collectively, the "ETFs"). Effective on or about June 22, 2016, the annual management fee for the ETFs will be reduced as follows:


BMO ETFs

Ticker

Current Maximum Annual Management Fee (%)

New Maximum Annual Management Fee (%)


BMO Aggregate Bond Index ETF

ZAG

0.20

0.09


BMO Discount Bond Index ETF

ZDB

0.20

0.09


BMO S&P 500 Hedged to CAD Index ETF

ZUE

0.10

0.08


BMO S&P 500 Index ETF

ZSP/ZSP.U

0.10

0.08


BMO Short Corporate Bond Index ETF

ZCS

0.12

0.10



"We consistently review our product shelf to find cost efficiencies to pass through to our clients," said Kevin Gopaul, Senior Vice President and Global Head of ETFs, BMO Asset Management Inc. "We further reduced fees on some of our largest and fastest growing ETFs, demonstrating our commitment to providing our clients with cost-efficient solutions." Mr. Gopaul added, "Clients are recognizing the value and liquidity of using low-cost ETFs for fixed income exposures in their portfolios. We're pleased to deliver a fee reduction of more than 50 per cent on our broad market Canadian fixed income ETFs. We also now offer the lowest cost fixed income ETFs in Canada - BMO Aggregate Bond Index ETF and BMO Discount Bond Index ETF. As well, these fee reductions will help clients by lowering ETF fees for U.S. investing. This continues our trend of delivering the best solutions for our clients, following fee reductions in 2012, 2013 and 2014." BMO ETFs are managed and administered by BMO Asset Management, a portfolio manager, investment fund manager and a separate legal entity from Bank of Montreal. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated. S&P 500® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "TSX" is a trademark of TSX Inc. These trademarks have been licensed for use by S&P Dow Jones Indices LLC and sublicensed to BMO Asset Management Inc. in connection with ZUE, ZSP and ZSP.U. The ZUE, ZSP and ZSP.U. are not sponsored, endorsed, sold or promoted by S&P Dow Jones LLC, S&P, TSX, or their respective affiliates and S&P Dow Jones Indices LLC, S&P, TSX and their affiliates make no representation regarding the advisability of trading or investing in such ETF(s). Further information about BMO ETFs can be found at www.bmo.com/etfs. About BMO Exchange Traded Funds (ETFs)
Established in June 2009, BMO Financial Group's ETF business is a leading ETF provider in Canada. BMO ETFs provide Canadian investors with broader choices and greater access to an innovative portfolio of investment products. About BMO Financial Group
Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $681 billion as of April 30, 2016, and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.





Media Contacts:
Mark Beazley, Toronto
416-867-3996
[email protected]
Valerie Doucet, Montreal
514-877-8224
[email protected]




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BMO Report: Half of Canadians' Savings Affected by Summer Spending Habits

TORONTO, ONTARIO--(Marketwired - Jun 9, 2016) -

One third of Canadians acknowledge spending more during the summer season
Two thirds say their travel plans are being greatly affected by the fluctuating dollar
Half expect to pay off less debt than usual during the summer
One third find it difficult to get back on track financially after a period of high spending

As temperatures soar so does Canadians' spending, and while many don't feel guilty about enjoying the season, half (52 per cent) admit that their summer habits have negative long-term effects on their savings, according to a new BMO summer spending report. One quarter (28 per cent) of Canadians say they go into debt during the summer due to their spending. Another 27 per cent dip into their savings to support their spending and 13 per cent forego saving and paying off debt altogether to enjoy the season. Still, the BMO summer spending report, conducted by Pollara, revealed that Canadians are aware of their tendency to over-spend in summer and are taking steps to counter it:

Compared to last year, fewer Canadians plan to increase their spending this summer (down to 32 per cent from 45 per cent);
25 per cent of Canadians will hold off on travel, for budgetary reasons, this summer; and
15 per cent feel they have too many other financial commitments to travel at all this summer.

Further, the BMO report found that 47 per cent will restrict their travel to domestic trips to avoid fluctuating foreign exchange rates, or opt for a staycation (14 per cent), to get the most bang out of the Canadian buck. "We're noticing disparities across regions right now, with B.C. and Ontario continuing to drive Canadian consumer spending, thanks to strong demographic trends, low interest rates and favourable labour market conditions. On the flip side, oil-producing provinces-Alberta, Saskatchewan and Newfoundland & Labrador-are seeing spending track below year-ago levels as those economies grapple with recession and the fallout from lower oil prices." said Robert Kavcic, Senior Economist, BMO Bank of Montreal. Canadians and their Credit Cards Almost half of Canadians (48 per cent) admitted to paying off less of their credit card balance during the summer months than they normally would. For the 41 per cent who carry a balance, which sits at an average of almost $3,000, enjoying the season can have longer term implications. Nick Mastromarco, Managing Director of Loyalty and Partnerships, BMO Bank of Montreal, encourages those who plan to use a credit card for summer spending to take advantage of credit card rewards programs that many cards offer to help offset their costs. "While setting a budget is important year round, seasonal spikes in spending are common for Canadians, and those who gravitate towards reward programs when considering how to pay for purchases are wise to do so," said Mr. Mastromarco. "Cash rewards, for example, can be used flexibly at any time, regardless if summer plans include travel. In essence, redeeming rewards can help smooth out any spikes in spending, enabling you to get the most out of the summer season."


Summer Spending at a Glance



Nat'l
Atl
Que
Ont
Pra
Alb
BC


Will use credit to pay for summer spending
28%
43%
34%
25%
27%
24%
26%


Find it difficult to get back on track after higher summer spending
35%
43%
29%
37%
40%
35%
35%


Will incur a small amount of debt as a result of summer spending
35%
51%
36%
29%
37%
39%
35%


Will pay off their credit card balance from summer spending 'when they can'
56%
79%
45%
54%
68%
65%
59%



Tips for Sound Summer Spending Speaking to a financial advisor regularly can help prepare for periods of accelerated spending, but BMO also recommends some simple tips to ease the strain of summer expenses:

Consider local activities that have minimal associated costs. You can visit http://bit.ly/25KvIFU for a great resource to see what events are taking place in your area;
Create a budget that still allows for regular saving and a predetermined schedule for paying down debt, even if the amount differs from other times of the year;
Consider switching your primary credit card to one with rewards benefits if your current card doesn't offer any; and
Capitalize on limited-time credit card promotions, such as earning 2x the rewards with a BMO CashBack MasterCard for the first six months*.

To learn more about BMO's credit card offerings and limited-time summer promotions, visit: http://www.bmo.com/main/personal/credit-cards/bmo-cashback-mastercard Get 2% cash back with a BMO CashBack MasterCard for the first six months.*Limited time offer. Terms and Conditions apply, visit bmo.com/double for details. The survey results cited in the Bank of Montreal Summer Spending Report, conducted by Pollara, are compiled from a random online sample of 1,003 Canadians, 18 years of age or older with surveys conducted between May 16th and 19th, 2016. A probability sample of this size would yield results accurate to ± 3.1 percent, 19 times out of 20. About BMO Financial Group Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $681 billion as of April 30, 2016, and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.





Media Contacts:
Michelle Agnelo, Toronto
[email protected]
(416) 867-3996
Jessica Leroux, Toronto
[email protected]
(416) 867-3996
Valerie Doucet, Montreal
[email protected]
(514) 877-8224
Internet: www.bmo.com
Twitter: @BMOmedia




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Investment in Innovation to Remain Strong in 2016 for U.S. Businesses - BMO Harris Bank Study

Over Half of Business Owners and Executives Surveyed Expect Their Investment in Innovation to Increase

CHICAGO, ILLINOIS--(Marketwired - Jun 9, 2016) - BMO Harris Bank released a study today that found business owners and executives in the United States expect to continue to invest heavily in innovation, with a full 97 percent of respondents expecting their investment in innovation either to increase (53 percent) or stay the same. The study, which surveyed 839 business owners and executives across the country, also examined the biggest barriers to innovation within their organizations. The overwhelming answer was the investment/capital required (38 percent), followed by a lack of necessary workforce skillsets (20 percent) and difficulties in quantifying the return on investment (18 percent). "The increasing pace of innovation is encouraging, and the results of this survey reflect the confidence that business leaders continue to have in their own growth prospects," said Ray Whitacre, Head, U.S. Diversified Industries, BMO Harris Bank. "With evolving customer expectations, fostering a company culture of continuous innovation is important for employee creativity and for future growth." The survey also identified the key reasons why respondents continue to focus on innovation:

47 percent cited changing consumer demands
46 percent cited greater operating efficiency
44 percent cited value creation
37 percent cited increased competition
22 percent cited regulatory compliance

"Investing in one's business, with an eye to innovation, is a critical key to increasing competitiveness, to profitably expanding sales volumes or holding on to existing sales volumes," said Michael Gregory, Head of U.S. Economics, BMO Capital Markets. "For exporters and firms competing with imports, the strong U.S. dollar has added a sense of urgency to becoming more efficient via innovation. This is also a critical key to mitigating the margin pressures poised by escalating labor costs, pressures that are expected to build as the labor market tightens further." Learn more at: www.bmoharris.com/innovationstudy. The survey results cited from the 2015 Business Report conducted by Pollara were compiled from a random sample of owners or senior decision makers from 839 businesses across the U.S. Research was conducted between October 31 and November 9, 2015. A probability sample of this size would yield results accurate to ± 3.4 per cent, 19 times out of 20. About BMO Harris Bank BMO Harris Bank provides a broad range of personal banking products and solutions through more than 600 branches and approximately 1,300 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona and Florida. BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. For more information about BMO Harris Bank, go to the company fact sheet. Banking products and services are provided by BMO Harris Bank N.A. and are subject to bank and credit approval. BMO Harris Bank® is a trade name used by BMO Harris Bank N.A. Member FDIC. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with approximately 1,600 branches, and CDN $681 billion in assets (as of April 30, 2016).





Media Contacts:
Emily Penate
(312) 461-7956
[email protected]
Patrick O'Herlihy
(312) 461-6970
[email protected]




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One Day Can Make a Difference: Thousands of BMO Employees Across North America Participate in BMO Volunteer Day 2016

TORONTO, ONTARIO and CHICAGO, ILLINOIS--(Marketwired - Jun 8, 2016) - Editor's Note: There are three photos associated with this press release. This week, thousands of BMO employees are volunteering in hundreds of local charities and organizations across Canada and the U.S. as part of BMO Volunteer Day. This is when, every year, BMO employees share their time, energy and ideas with organizations and individuals who need support. BMO provides nearly 5,000 opportunities for BMO employees to participate in charitable work and projects during business hours, including those that support disaster relief, homeless shelters, children and youth organizations, elder care, community housing and health care facilities, family resource centres, parks and recreational facilities, food banks, and the Red Cross. Launched in 2001, BMO Volunteer Day is one of the many ways BMO employees lend a hand and express their commitment to improving the social well-being of individuals in the communities where they live and work. "One day can make a tremendous difference in the lives of people in the communities we serve," said Joanna Rotenberg, Head, Personal Wealth Management, BMO Financial Group. "Volunteering is a deeply embedded part of our culture. It represents the very best of our company, and demonstrates how we genuinely care and are here to help." Ms. Rotenberg spent Volunteer Day with First Book Canada, joining fellow BMO employees as they read to Grade 1 and 2 students at an elementary school in the Greater Toronto Area. BMO Volunteer Day Projects Include:

In Chicago, 40 BMO volunteers worked to refurbish Herzl School of Excellence in the North Lawndale neighborhood in activities ranging from indoor and outdoor painting to light construction and landscaping.
In Milwaukee, BMO Harris employees focused on helping to feed the hungry through partnerships with Hunger Task Force and Feeding America. Employees sorted, labeled and packaged food for distribution to the needy.
BMO staff in eight major cities across Canada volunteered at First Book events that saw them read to Grades 1 & 2 students. The so-called "reading parties" also featured presentations from local Canadian authors and illustrators.
For those unable to leave their desks, BMO staff volunteered remotely via telephone to provide career counselling and advice to youth on subjects ranging from interviewing to networking to looking for a job.

About BMO Financial Group Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $681 billion as of April 30, 2016, and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets. BMO Donations For more than 195 years, BMO Financial Group has believed in community reinvestment and corporate and social responsibility in the communities it serves. In 2015, BMO contributed more than $56.8 million in community donations to charitable, not-for-profit and community based institutions and organizations that help build and sustain resilient, vital and healthy communities. To view the photos associated with this press release, please visit the following links: http://www.marketwire.com/library/20160607-1058153_1.jpg http://www.marketwire.com/library/20160607-1058153_2.jpg http://www.marketwire.com/library/20160607-1058153_3.jpg





Media Contacts:
Valerie Doucet, Montreal and Toronto
(514) 877-8224
[email protected]
Emily Penate, Chicago
(312) 461-7956
[email protected]
Internet: www.bmo.com
Twitter: @BMOmedia




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BMO Global Asset Management Launches Institutional Prime Money Market Fund

CHICAGO, ILLINOIS--(Marketwired - Jun 6, 2016) - BMO Global Asset Management today introduced the BMO Institutional Prime Money Market Fund to provide institutional and retail investors with a money market fund that will eventually have a floating net asset value (NAV). Managed by BMO Global Asset Management's team of experienced money market professionals, this new fund is expected to have a stable NAV until approximately October 3, 2016. Thereafter, the fund's NAV may begin to float as a result of an expanded four decimal NAV (e.g. $1.0000) and slight changes to the market values of the underlying portfolio of very short term, income securities. The new fund also may be subject to liquidity gates and/or redemption fees as required by the new money market fund regulations. "As a global investment solutions provider, BMO strives to meet the ever-changing needs of our institutional and retail clients by continuing to build our selection of funds," said John Blaser, President of BMO Funds. "The new regulatory reforms will soon restrict institutional investors from stable NAV money market funds other than government money market funds. We expect a significant shift of assets out of prime money market funds and into government money market funds. As a result, the new fund is expected to provide enhanced total returns well above the expected low rates of return in government money market funds in the new regulatory environment." "This new fund brings BMO Global Asset Management's total U.S. suite to 45 mutual funds. It will be an excellent addition to our existing family of money market funds, comprised of the BMO Prime Money Market Fund, BMO Tax-Free Money Market Fund and BMO Government Money Market Fund, which will remain ideal for institutions with a preference for a stable NAV," added Mr. Blaser. For more information about BMO Global Asset Management and the new fund, please visit: www.bmogam.com. About BMO Global Asset Management BMO Global Asset Management is a global investment manager with offices in more than 25 cities in over 15 countries, delivering service excellence to clients across five continents. Our four major investment centers in Toronto, Chicago, London and Hong Kong are complemented by a network of world-class boutique managers strategically located across the globe: BMO Real Estate Partners, LGM Investments, Monegy, Inc., Pyrford International Ltd., and Taplin, Canida & Habacht, LLC. BMO Global Asset Management has operations throughout North America and Europe, as well as in Abu Dhabi, Beijing, Shanghai, Hong Kong, Guangzhou, Singapore, Melbourne and Sydney and is a signatory of the United Nations-supported Principles for Responsible Investment initiative (UNPRI). BMO Global Asset Management is a part of BMO Financial Group, a highly diversified financial services provider based in North America with total assets of CDN $681 billion as of April 30, 2016, and over 45,000 employees. BMO Wealth Management has worldwide assets under management of CDN $377 billion (USD $300). Disclosures Investors should carefully consider the investment objectives, risks, charges and expenses of the BMO Funds. This and other important information is contained in the prospectuses and/or summary prospectuses, which can be obtained by calling 1-800-236-3863. Please read carefully before investing. All investments involve risk, including the possible loss of principal. BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management and trust and custody services. Certain of the products and services offered under the brand name BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions and may not be available to all investors. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (NYSE:BMO). BMO Asset Management U.S. consists of BMO Asset Management Corp. BMO Global Asset Management is the brand name for BMO Investment Distributors, LLC. BMO Asset Management Corp. is the investment adviser to the BMO Funds. BMO Investment Distributors, LLC is the distributor of the BMO Funds. Member FINRA/SIPC. BMO Funds are not marketed or sold outside of the United States. Investment products are: Not FDIC Insured - No Bank Guarantee - May Lose Value ©2016 BMO Financial Corp.





Media Contacts:
BMO Financial Group
Mark Beazley
416-867-3996
[email protected]
SunStar Strategic
Anthony Massucci
917-842-2186
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Ratios

vs
industry
vs
history
PE Ratio 12.68
BMO's PE Ratio is ranked higher than
57% of the 1510 Companies
in the Global Banks - Global industry.

( Industry Median: 14.59 vs. BMO: 12.68 )
Ranked among companies with meaningful PE Ratio only.
BMO' s PE Ratio Range Over the Past 10 Years
Min: 6.7  Med: 12.36 Max: 18.13
Current: 12.68
6.7
18.13
Forward PE Ratio 12.00
BMO's Forward PE Ratio is ranked higher than
68% of the 839 Companies
in the Global Banks - Global industry.

( Industry Median: 13.93 vs. BMO: 12.00 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 12.68
BMO's PE Ratio without NRI is ranked higher than
57% of the 1477 Companies
in the Global Banks - Global industry.

( Industry Median: 14.63 vs. BMO: 12.68 )
Ranked among companies with meaningful PE Ratio without NRI only.
BMO' s PE Ratio without NRI Range Over the Past 10 Years
Min: 6.7  Med: 12.36 Max: 18.13
Current: 12.68
6.7
18.13
Price-to-Owner-Earnings 7.94
BMO's Price-to-Owner-Earnings is ranked higher than
72% of the 882 Companies
in the Global Banks - Global industry.

( Industry Median: 14.21 vs. BMO: 7.94 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
BMO' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.59  Med: 5.79 Max: 23.9
Current: 7.94
1.59
23.9
PB Ratio 1.59
BMO's PB Ratio is ranked lower than
75% of the 1611 Companies
in the Global Banks - Global industry.

( Industry Median: 1.20 vs. BMO: 1.59 )
Ranked among companies with meaningful PB Ratio only.
BMO' s PB Ratio Range Over the Past 10 Years
Min: 0.77  Med: 1.53 Max: 2.46
Current: 1.59
0.77
2.46
PS Ratio 2.92
BMO's PS Ratio is ranked higher than
59% of the 1586 Companies
in the Global Banks - Global industry.

( Industry Median: 3.40 vs. BMO: 2.92 )
Ranked among companies with meaningful PS Ratio only.
BMO' s PS Ratio Range Over the Past 10 Years
Min: 1.19  Med: 2.68 Max: 3.84
Current: 2.92
1.19
3.84
EV-to-EBIT 4.87
BMO's EV-to-EBIT is ranked higher than
77% of the 1668 Companies
in the Global Banks - Global industry.

( Industry Median: 12.52 vs. BMO: 4.87 )
Ranked among companies with meaningful EV-to-EBIT only.
BMO' s EV-to-EBIT Range Over the Past 10 Years
Min: -1  Med: 4 Max: 12.8
Current: 4.87
-1
12.8
EV-to-EBITDA 4.31
BMO's EV-to-EBITDA is ranked higher than
79% of the 1685 Companies
in the Global Banks - Global industry.

( Industry Median: 11.29 vs. BMO: 4.31 )
Ranked among companies with meaningful EV-to-EBITDA only.
BMO' s EV-to-EBITDA Range Over the Past 10 Years
Min: -0.8  Med: 3.5 Max: 9.9
Current: 4.31
-0.8
9.9
PEG Ratio 3.20
BMO's PEG Ratio is ranked lower than
70% of the 811 Companies
in the Global Banks - Global industry.

( Industry Median: 1.43 vs. BMO: 3.20 )
Ranked among companies with meaningful PEG Ratio only.
BMO' s PEG Ratio Range Over the Past 10 Years
Min: 0.53  Med: 1.33 Max: 21.4
Current: 3.2
0.53
21.4
Shiller PE Ratio 16.51
BMO's Shiller PE Ratio is ranked higher than
65% of the 479 Companies
in the Global Banks - Global industry.

( Industry Median: 20.93 vs. BMO: 16.51 )
Ranked among companies with meaningful Shiller PE Ratio only.
BMO' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.15  Med: 13.9 Max: 19.75
Current: 16.51
6.15
19.75

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 3.67
BMO's Dividend Yield % is ranked higher than
64% of the 2319 Companies
in the Global Banks - Global industry.

( Industry Median: 2.69 vs. BMO: 3.67 )
Ranked among companies with meaningful Dividend Yield % only.
BMO' s Dividend Yield % Range Over the Past 10 Years
Min: 3.05  Med: 4.51 Max: 11.35
Current: 3.67
3.05
11.35
Dividend Payout Ratio 0.46
BMO's Dividend Payout Ratio is ranked lower than
70% of the 1315 Companies
in the Global Banks - Global industry.

( Industry Median: 0.33 vs. BMO: 0.46 )
Ranked among companies with meaningful Dividend Payout Ratio only.
BMO' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.46  Med: 0.54 Max: 0.91
Current: 0.46
0.46
0.91
3-Year Dividend Growth Rate 5.00
BMO's 3-Year Dividend Growth Rate is ranked lower than
58% of the 768 Companies
in the Global Banks - Global industry.

( Industry Median: 7.20 vs. BMO: 5.00 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
BMO' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 8.35 Max: 19.5
Current: 5
0
19.5
Forward Dividend Yield % 3.64
BMO's Forward Dividend Yield % is ranked higher than
63% of the 2248 Companies
in the Global Banks - Global industry.

( Industry Median: 2.73 vs. BMO: 3.64 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 4.51
BMO's 5-Year Yield-on-Cost % is ranked higher than
63% of the 2649 Companies
in the Global Banks - Global industry.

( Industry Median: 3.31 vs. BMO: 4.51 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
BMO' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 3.75  Med: 5.54 Max: 13.94
Current: 4.51
3.75
13.94
3-Year Average Share Buyback Ratio -0.10
BMO's 3-Year Average Share Buyback Ratio is ranked higher than
75% of the 1042 Companies
in the Global Banks - Global industry.

( Industry Median: -1.80 vs. BMO: -0.10 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
BMO' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -8.1  Med: -0.35 Max: 2.7
Current: -0.1
-8.1
2.7

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.05
BMO's Price-to-Tangible-Book is ranked lower than
80% of the 1576 Companies
in the Global Banks - Global industry.

( Industry Median: 1.27 vs. BMO: 2.05 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
BMO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.2  Med: 1.93 Max: 3.01
Current: 2.05
1.2
3.01
Price-to-Intrinsic-Value-Projected-FCF 0.71
BMO's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
55% of the 869 Companies
in the Global Banks - Global industry.

( Industry Median: 0.78 vs. BMO: 0.71 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
BMO' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.38  Med: 1.98 Max: 385.86
Current: 0.71
0.38
385.86
Price-to-Intrinsic-Value-DCF (Earnings Based) 1.10
BMO's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked lower than
68% of the 139 Companies
in the Global Banks - Global industry.

( Industry Median: 0.85 vs. BMO: 1.10 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
N/A
Price-to-Median-PS-Value 1.08
BMO's Price-to-Median-PS-Value is ranked higher than
52% of the 1462 Companies
in the Global Banks - Global industry.

( Industry Median: 1.14 vs. BMO: 1.08 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
BMO' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.53  Med: 0.95 Max: 1.93
Current: 1.08
0.53
1.93
Price-to-Graham-Number 1.08
BMO's Price-to-Graham-Number is ranked lower than
62% of the 1364 Companies
in the Global Banks - Global industry.

( Industry Median: 0.96 vs. BMO: 1.08 )
Ranked among companies with meaningful Price-to-Graham-Number only.
BMO' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.68  Med: 1.05 Max: 1.45
Current: 1.08
0.68
1.45
Earnings Yield (Greenblatt) % 20.57
BMO's Earnings Yield (Greenblatt) % is ranked higher than
82% of the 2207 Companies
in the Global Banks - Global industry.

( Industry Median: 5.95 vs. BMO: 20.57 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
BMO' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 7.8  Med: 24.7 Max: 2314.3
Current: 20.57
7.8
2314.3
Forward Rate of Return (Yacktman) % 9.46
BMO's Forward Rate of Return (Yacktman) % is ranked lower than
52% of the 890 Companies
in the Global Banks - Global industry.

( Industry Median: 11.45 vs. BMO: 9.46 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
BMO' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -27.2  Med: 7.8 Max: 36.9
Current: 9.46
-27.2
36.9

More Statistics

Revenue (TTM) (Mil) $16,378
EPS (TTM) $ 5.76
Beta1.16
Short Percentage of Float0.42%
52-Week Range $60.93 - 78.00
Shares Outstanding (Mil)648.92

Analyst Estimate

Oct17 Oct18 Oct19
Revenue (Mil $) 15,737 16,386
EPS ($) 6.22 6.34 6.69
EPS without NRI ($) 6.22 6.34 6.69
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for NYSE:BMO

Headlines

Articles On GuruFocus.com
Bank of Montreal Receives Regulatory Approvals for Normal Course Issuer Bid Apr 27 2017 
BMO Economics Report: Great Lakes-St. Lawrence Region Expansion to Accelerate Apr 25 2017 
BMO Global Asset Management Launches Second Season of Advisor Podcast Series Apr 19 2017 
Bank of Montreal Board announces intention to appoint Darryl White as Chief Executive Officer, BMO F Apr 07 2017 
Bank of Montreal Announces Election of Directors Apr 04 2017 
Bank of Montreal to Redeem $250,000,000 Non-Cumulative Perpetual Class B Preferred Shares, Series 14 Apr 03 2017 
Bank of Montreal to Redeem $250,000,000 Non-Cumulative Perpetual Class B Preferred Shares, Series 15 Apr 03 2017 
The Bank of Montreal: Canada’s Oldest Dividend Payer Dec 08 2016 
A Record Year From the Smallest of the Big 5 Dec 06 2016 
Bank of Nova Scotia: Canada’s Most International Bank Reports Solid 2016 Earnings Dec 05 2016 

More From Other Websites
BMO Financial Group Recognized as a 2017 Great Place to Work® Apr 27 2017
Bank of Montreal Receives Regulatory Approvals for Normal Course Issuer Bid Apr 27 2017
BMO Financial Group Launches New Suite of Commercial Mastercard Offerings Apr 27 2017
BMO Global's Bell Says European Economy Is Looking Better Apr 27 2017
BMO Global's Bell on Nafta, Trump's Tax Plan Apr 27 2017
Master Credit Card Trust II, Series 2017-2 -- Moody's assigns ratings to Master Credit Card Trust II... Apr 26 2017
BMO Economics Report: Great Lakes-St. Lawrence Region Expansion to Accelerate Apr 25 2017
BMO Global Asset Management Launches Second Season of Advisor Podcast Series Apr 19 2017
BMO Plans C$2 Billion MBS That Could Pioneer a New Market Apr 18 2017
Sheffield Receivables Corporation - Euro Commercial Paper -- Moody's ABCP activity ending April 14,... Apr 18 2017
BMO bundles uninsured Canada mortgages into securities -Moody's (April 17) Apr 18 2017
BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded Funds Apr 18 2017
BMO Bundles Uninsured Mortgages in a Canadian Bond First Apr 17 2017

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