BANK OF MONTREAL (BMO)

BMO hires Sciarrino from JPMorgan Chase to head US commercial banking- memo

Bank of Montreal is hiring Tony Sciarrino from JPMorgan Chase to lead its U.S. commercial banking business, replacing Ray Whitacre who will retire Jan. 1, according to a memo sent internally on Friday. Sciarrino will start his role at BMO in late March 2025 and report to commercial banking group head Nadim Hirji and CEO Darrel Hackett, the memo seen by Reuters said.

Vanguard plans new advice and wealth management division

The move comes as leading asset managers expand their wealth management services to meet growing client demand in the backdrop of an increasingly complex and volatile investment landscape. Vanguard said Rotenberg, who most recently served as the president of personal investing at Fidelity, will join the company in January to lead the new division as a managing director and a member of its senior leadership team. Rotenberg previously spent over a decade at Canadian lender Bank of Montreal and served as a partner at accounting giant McKinsey.

Bank of Montreal (GDXU) Shares Cross Above 200 DMA

BMO Q4 Earnings Dip, Stock Up on Projection of Fall in 2025 Provision

Higher provisions and a fall in NII hurt Bank of Montreal's fiscal Q4 earnings. Shares jump 8.5% on expectations of moderating provisions in fiscal 2025.

TD Earnings: Shares Continue to Look Intriguing after Poor Results

The Toronto-Dominion Bank (TD) (TSE:TD), Canada’s second-largest financial institution with a sizable retail banking operation in the United States, has had a rough year. From a business perspective, the company recently settled an anti-money laundering (AML) violation with the U.S. Department of Justice (DOJ) and has posted poor results. For investors, TD is the only major Canadian bank whose stock has experienced losses this year, and it’s not insignificant. Shares of TD (NYSE listing) have fa

BMO Jumps Most Since 2020 as Credit Hopes Drive Upgrades

Bank of Montreal shares surged the most in more than four years as confidence the worst of the lender’s credit issues was now behind it prompted two buy-equivalent upgrades.

BMO Jumps Most Since 2020 as Credit Hopes Drive Upgrades

(Bloomberg) -- Bank of Montreal shares surged the most in more than four years as confidence the worst of the lender’s credit issues was now behind it prompted two buy-equivalent upgrades.Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitAs Wars Rage, Cities Face a Dark New Era of Urban DestructionScotiabank analyst Meny Grauman raised his recommendation on Bank of Montreal to sector outperform

BMO Financial Group Reports Strong Q4 2024 Results

Bank Of Montreal ( (BMO) ) has released its Q4 earnings. Here is a breakdown of the information Bank Of Montreal presented to its investors.Don'...

Bank Of Montreal To Purchase Up To 20 Mln Of Its Common Shares - Quick Facts

(RTTNews) - Bank of Montreal (BMO.TO, BMO) announced its intention to purchase for cancellation up to 20 million of its common shares under a norm...

BMO Misses Estimates as Loan-Loss Provisions Far Exceed Forecast

Bank of Montreal missed estimates after once again setting aside much more money than expected to cover potential loan losses.

BMO Misses Estimates as Loan-Loss Provisions Far Exceed Forecast

(Bloomberg) -- Bank of Montreal missed estimates after once again setting aside much more money than expected to cover potential loan losses. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe Canadian bank earned C$1.90 per share on an adjusted basis in its fiscal fourth quarter, according to a statement Thursday, falling short of the C$2.38 average estimate of analysts in a Bloomberg survey. Pr

BMO Financial Group Increases Common Share Dividend by 4 cents from the prior quarter, up 5 per cent from the prior year

/PRNewswire/ - Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced that its Board of Directors declared a quarterly dividend of $1.59 per share on paid-up...

BMO Financial Group Reports Fourth Quarter and Fiscal 2024 Results

Fourth Quarter 2024 Earnings Release BMO's 2024 audited annual consolidated financial statements and accompanying Management Discussion and Analysis (MD&A) are...

Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom

Four out of Canada's six largest banks are expected to show a rise in earnings for the fourth quarter as Bay Street turns its focus to the lenders' forecasts for the new year amid interest rate cuts, a slew of mortgage renewals and a new government south of the border. They faced several challenges over the past year that prompted lenders to set aside more money to cover for souring loans as clients struggled to make their mortgage and loan payments in a high interest rate environment and elevated costs of living.