New digital platform combines LINK's cutting-edge technology with BMO's innovative ETF lineup, enabling employees to invest in BMO ETFs through employer-sponsored group plans – a first among major Canadian financial institutions
TORONTO, April 15, 2025 /CNW/ - Bank of Montreal (BMO), together with LINK Investment Management Inc. (LINK), today announced the launch of the new BMO-LINK Workplace Savings Platform, offering employers a one-stop, digital solution to help their employees achieve their savings and retirement goals.
TORONTO, April 11, 2025 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today held its Annual Meeting of Shareholders.
At the meeting, all director nominees listed in the bank's management proxy circular dated February 10, 2025 were elected. The detailed results of the vote for the election of directors are set out below.
Each of the following 13 nominees was elected as a director of Bank of Montreal:
Nominee
Votes For
% Votes For
Votes Withheld
% Votes Withheld
Janice M. Babiak
350,392,216
96.55 %
12,516,833
3.45 %
Craig W. Broderick
358,920,260
98.90 %
3,988,788
1.10 %
Hazel Claxton
361,271,556
99.55 %
1,637,494
0.45 %
Diane L. Cooper
361,253,745
99.54 %
1,654,468
0.46 %
George A. Cope
344,500,954
94.93 %
18,408,043
5.07 %
Stephen Dent
361,537,955
99.62 %
1,371,093
0.38 %
Martin S. Eichenbaum
360,165,974
99.24 %
2,742,074
0.76 %
David Harquail
361,511,458
99.61 %
1,397,590
0.39 %
Eric R. La Flèche
353,179,964
97.32 %
9,729,085
2.68 %
Brian McManus
361,778,452
99.69 %
1,130,597
0.31 %
Lorraine Mitchelmore
358,020,943
98.65 %
4,888,106
1.35 %
Madhu Ranganathan
357,903,410
98.62 %
5,005,639
1.38 %
Darryl White
360,954,789
99.46 %
1,954,260
0.54 %
TORONTO, April 11, 2025 /CNW/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today held its Annual Meeting of Shareholders.
At the meeting, all director nominees listed in the bank's management proxy circular dated February 10, 2025 were elected. The detailed results of the vote for the election of directors are set out below.
Each of the following 13 nominees was elected as a director of Bank of Montreal:
Nominee
Votes For
% Votes For
Votes Withheld
% Votes Withheld
Janice M. Babiak
350,392,216
96.55 %
12,516,833
3.45 %
Craig W. Broderick
358,920,260
98.90 %
3,988,788
1.10 %
Hazel Claxton
361,271,556
99.55 %
1,637,494
0.45 %
Diane L. Cooper
361,253,745
99.54 %
1,654,468
0.46 %
George A. Cope
344,500,954
94.93 %
18,408,043
5.07 %
Stephen Dent
361,537,955
99.62 %
1,371,093
0.38 %
Martin S. Eichenbaum
360,165,974
99.24 %
2,742,074
0.76 %
David Harquail
361,511,458
99.61 %
1,397,590
0.39 %
Eric R. La Flèche
353,179,964
97.32 %
9,729,085
2.68 %
Brian McManus
361,778,452
99.69 %
1,130,597
0.31 %
Lorraine Mitchelmore
358,020,943
98.65 %
4,888,106
1.35 %
Madhu Ranganathan
357,903,410
98.62 %
5,005,639
1.38 %
Darryl White
360,954,789
99.46 %
1,954,260
0.54 %
TORONTO, April 9, 2025 /CNW/ - BMO Asset Management Inc., the manager of the BMO ETFs, today announced a special reinvested distribution for unitholders of BMO US Equity Accelerator Hedged to CAD ETF (Cboe Canada: ZUEA).
The reinvested distributions for BMO US Equity Accelerator Hedged to CAD ETF generally represent net realized capital gains and net income. They are not paid in cash, but are reinvested in additional Canadian dollar denominated units of BMO US Equity Accelerator Hedged to CAD ETF at a price equal to the net asset value per unit of the BMO ETF.
In the news release, "BMO Announces Cash and Reinvested Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for March 2025", issued 21-Mar-2025 by BMO Financial Group - ETFs over CNW, we are advised by the company that the the monthly cash distribution per unit amount for ticker symbol ZUD should read "0.045" rather than "0.450" as originally issued inadvertently. The complete, corrected release follows:
BMO Announces Cash and Reinvested Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for March 2025TORONTO, March 28, 2025 /CNW/ - BMO has been named Canada's Best Private Bank for Ultra-High-Net-Worth clients and Canada's Best Private Bank for Philanthropic Advisory services at the Euromoney Global Private Banking Awards 2025.
These awards recognize BMO's commitment to meeting the unique needs of Private Wealth clients, including personalized private banking services, customized lending solutions and supporting families with developing philanthropic plans that are aligned with their goals.
TORONTO, March 24, 2025 /CNW/ - Porter Airlines, BMO and Mastercard are announcing the launch of two new BMO VIPorter Mastercard credit cards – creating the first and only travel credit card program in Canada that grants immediate frequent flyer benefits for cardholders in an airline's loyalty program, while enabling accelerated travel rewards. More than 30,000 people have joined the pre-launch waitlist since the program was announced in January 2025 as Canadians seek more choice and benefits from their travel credit cards.
TORONTO, March 21, 2025 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the March 2025 cash and reinvested distributions for unitholders of BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the "ETF Series") that distribute monthly and quarterly, as set out in the table below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on March 28, 2025 will receive cash distributions payable on April 2, 2025.
Healthcare industry experts and leaders to convene March 25 at the 2025 BMO Obesity Summit to examine outlook and trends in metabolic disease and drug therapies
NEW YORK, March 18, 2025 /CNW/ - Join BMO and industry leaders in New York on March 25 for the BMO 2025 Obesity Summit to discuss the growing $150 billion obesity therapies market. The Summit features an exciting line-up of leaders in the space as well as next generation players from Altimmune, Amgen, Corbus Pharmaceuticals and Eli Lilly, to FlyteHealth, Novo Nordisk, Roman Health, Scholar Rock and Structure Therapeutics. Participants will focus on the advances in GLP-1 drug therapies and feature expert insights from pharmacy benefit managers, patients, and providers to help identify and discuss the opportunities and challenges in this market.
TORONTO, March 18, 2025 /CNW/ - Nadim Hirji, Group Head, Commercial Bank, North America, BMO Financial Group (TSX: BMO) (NYSE: BMO), will participate in the National Bank Financial Services Conference in Montreal on March 25, 2025 at 11:30AM ET.
Mr. Hirji's presentation will be broadcast live via webcast at https://www.bmo.com/main/about-bmo/investor-relations/presentations-events. An archived version of the webcast will be available at the same location.
About BMO Financial GroupBMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
TORONTO, March 12, 2025 /CNW/ - BMO Bank of Montreal today announced that it is decreasing its CDN$ prime lending rate from 5.20 per cent to 4.95 per cent, effective March 13, 2025.
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
TORONTO and CHICAGO, March 6, 2025 /CNW/ - BMO (TSX: BMO) (NYSE: BMO) today announced that it has filed its 2025 Notice of Annual Meeting of Shareholders and Management Proxy Circular with applicable securities regulators. BMO will release its 2024 Sustainability and Climate Reporting, including its Public Accountability Statements on Wednesday, March 12.
Proxy Circular
BMO's Annual Meeting of Shareholders will be held on Friday, April 11, 2025, at 9:30 a.m. EDT.
The Management Proxy Circular contains key information for shareholders on the meeting, including how to participate and a description of the items on which shareholders may vote.
TORONTO and CHICAGO, March 6, 2025 /PRNewswire/ - BMO (TSX: BMO) (NYSE: BMO) today announced that it has filed its 2025 Notice of Annual Meeting of Shareholders and Management Proxy Circular with applicable securities regulators. BMO will release its 2024 Sustainability and Climate Reporting, including its Public Accountability Statements on Wednesday, March 12.
Proxy Circular
BMO's Annual Meeting of Shareholders will be held on Friday, April 11, 2025, at 9:30 a.m. EDT.
The Management Proxy Circular contains key information for shareholders on the meeting, including how to participate and a description of the items on which shareholders may vote.
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Feb. 26, 2025 /CNW/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced a domestic public offering of $1.25 billion of subordinated notes (Non-Viability Contingent Capital (NVCC)) (the "Notes") through its Canadian Medium-Term Note Program. The net proceeds from this offering will be added to the general funds of the Bank and will be utilized for general banking purposes, which may include the redemption of outstanding capital securities of the Bank, and/or the repayment of other outstanding liabilities of the Bank.
TORONTO, Feb. 26, 2025 /CNW/ - Tayfun Tuzun, Chief Financial Officer of BMO Financial Group (TSX: BMO) (NYSE: BMO), will participate in the RBC Global Financial Institutions Conference on March 5, 2025 at 2:00PM ET.
Mr. Tuzun's presentation will be broadcast live via audio webcast at https://www.bmo.com/main/about-bmo/investor-relations/presentations-events. An archived version of the webcast will be available at the same location.
About BMO Financial GroupBMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.
TORONTO, Feb. 25, 2025 /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 common shares of Bank of Montreal for the second quarter of fiscal year 2025 ("Q2 2025 Dividend"), unchanged from the prior quarter.
The Board of Directors also declared dividends of:
$0.190875 per share on paid-up Class B Preferred Shares Series 33;$0.426 per share on paid-up Class B Preferred Shares Series 44;$36.865 per share on paid-up Class B Preferred Shares Series 50(1); and$35.285 per share on paid-up Class B Preferred Shares Series 52(1).TORONTO, Feb. 25, 2025 /CNW/ - 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 common shares of Bank of Montreal for the second quarter of fiscal year 2025 ("Q2 2025 Dividend"), unchanged from the prior quarter.
The Board of Directors also declared dividends of:
$0.190875 per share on paid-up Class B Preferred Shares Series 33;$0.426 per share on paid-up Class B Preferred Shares Series 44;$36.865 per share on paid-up Class B Preferred Shares Series 50(1); and$35.285 per share on paid-up Class B Preferred Shares Series 52(1).BMO's First Quarter 2025 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended January 31, 2025 are available online at www.bmo.com/investorrelations, on the Canadian Securities Administrators' website at www.sedarplus.ca, and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov.
Financial Results Highlights
First Quarter 2025 compared with First Quarter 2024:
Net income1 of $2,138 million, compared with $1,292 million; adjusted net income1 of $2,289 million, compared with $1,893 millionReported earnings per share (EPS)2 of $2.83, an increase from $1.73; adjusted EPS1, 2 of $3.04, an increase from $2.56Provision for credit losses (PCL) of $1,011 million, compared with $627 millionReturn on equity (ROE) of 10.6%, an increase from 7.2%; adjusted ROE1 of 11.3%, an increase from 10.6%Common Equity Tier 1 (CET1) Ratio3 of 13.6%, compared with 12.8%BMO's First Quarter 2025 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended January 31, 2025 are available online at www.bmo.com/investorrelations, on the Canadian Securities Administrators' website at www.sedarplus.ca, and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov.
Financial Results Highlights
First Quarter 2025 compared with First Quarter 2024:
Net income1 of $2,138 million, compared with $1,292 million; adjusted net income1 of $2,289 million, compared with $1,893 millionReported earnings per share (EPS)2 of $2.83, an increase from $1.73; adjusted EPS1, 2 of $3.04, an increase from $2.56Provision for credit losses (PCL) of $1,011 million, compared with $627 millionReturn on equity (ROE) of 10.6%, an increase from 7.2%; adjusted ROE1 of 11.3%, an increase from 10.6%Common Equity Tier 1 (CET1) Ratio3 of 13.6%, compared with 12.8%TORONTO, Feb. 20, 2025 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the February 2025 cash distributions for unitholders of BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the "ETF Series") that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on February 27, 2025 will receive cash distributions payable on March 4, 2025.
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