TORONTO and CHICAGO, June 19, 2025  /CNW/ - BMO today announced it has received the 2025 Celent Model Bank Award for Payments Innovation for five digital payments and client experience initiatives across Canada and the U.S.

Digital Card Controls Suite – Canada: BMO Digital Card Controls Suite is a quick solution for clients facing pressing issues such as a lost wallet, damaged cards, or forgotten PINs. With this convenient solution, clients are empowered to manage their cards anywhere and at any time.Unified Push Provisioning – Canada: BMO's Unified Push Provisioning integration enables clients to access their debit or credit cards securely through multiple Google platforms including digital wallets, an automated fill on Google Chrome's web browser as well as save card payment information across stores powered by Google's checkout platform. In addition to improving client experiences, it enhances security through tokenization and enables enhanced fraud checks and seamless connectivity.Enhanced Transaction Details – Canada: The debit and credit enhanced transaction details initiative helps clients make real financial progress by ensuring they are equipped with valuable information to recognize their transactions and have a better understanding of their personal financial management. Available for both debit and credit purchases, clients can quickly convert transactions to installments, gain insights into their spending habits and access more information about a transaction.Direct Deposit Setup and Soft Credit Pull – U.S.: By embedding a direct deposit setup, clients can seamlessly connect their payroll system to their new BMO accounts, activate and fund their accounts and enjoy BMO's offerings instantly. The bank's soft pull inquiry process enables clients to receive real-time and accurate credit eligibility decisions, empowering clients to assess credit eligibility and explore credit options with confidence.FundsNow – U.S.: A check deposit solution, FundsNow grants users immediate and guaranteed access to their eligible mobile-deposited checks, eliminating the need for in-person branch visits. Clients can feel confident when accessing their funds conveniently and confidently on their own terms and in the channel of their choice.

BMO appoints new Head of Indigenous Banking Unit

TORONTO, June 19, 2025 /CNW/ - BMO today released ᐑᒋᐦᐃᑐᐏᐣ wîcihitowin (pronounced: wee-chih-hito-win), its 5th annual Indigenous Partnerships and Progress Report and announced the creation of a new Office of Reconciliation, and the appointment of a new Head of its Indigenous Banking Unit. BMO's work with Indigenous peoples and communities in Canada continues to be anchored in its Enterprise Indigenous Strategy, which consists of three foundational pillars: Education, Employment, and Economic Empowerment.

Expands BMO's wealth management and financial planning capabilities focused on high-net-worth and ultra-high-net-worth individuals, families and institutions

TORONTO, June 19, 2025 /PRNewswire/ - BMO (TSX:BMO) (NYSE:BMO) and Burgundy Asset Management Ltd. today announced the signing of a definitive agreement for BMO to acquire Burgundy Asset Management Ltd. Burgundy is a leading independent wealth manager, providing discretionary investment management for private clients, foundations, endowments, pensions and family offices with approximately $27 billion in assets under management, as of May 31, 2025.

Expands BMO's wealth management and financial planning capabilities focused on high-net-worth and ultra-high-net-worth individuals, families and institutions

TORONTO, June 19, 2025 /CNW/ - BMO (TSX:BMO) (NYSE:BMO) and Burgundy Asset Management Ltd. today announced the signing of a definitive agreement for BMO to acquire Burgundy Asset Management Ltd. Burgundy is a leading independent wealth manager, providing discretionary investment management for private clients, foundations, endowments, pensions and family offices with approximately $27 billion in assets under management, as of May 31, 2025.

Lumi Assistant empowers employees to deliver faster, more personalized service to help clients make real financial progress.

TORONTO, June 17, 2025 /CNW/ - BMO today announced it has received two awards for digital innovation for its launch of Lumi Assistant, a new AI-powered tool that simplifies and accelerates employees' access to critical information to provide advice and guidance to clients:

"Best Use of Gen AI for Customer Experience – Canada" by the Digital CX Awards from The Digital Banker: The Digital CX Awards from The Digital Banker is the world's only program dedicated to recognizing pioneering innovation in the Digital Customer Experience across the Financial Services ecosystem. The awards honour excellence in the use of digital assets within the financial services industry and celebrate contributions to innovations, technological enhancements, and commitments to digital transformation."Top Innovation in Finance – North America" by Global Finance's Top Financial Innovations 2025: Global Finance's twelfth annual awards program recognizes companies that identify new paths and design new tools in finance.

TORONTO, June 12, 2025 /CNW/ - BMO Asset Management Inc. ("BMOAM"), the manager of the BMO ETFs, today announced the launch of BMO Human Capital Factor US Equity ETF (Cboe Canada: ZHC) (the "BMO ETF").

BMO Human Capital Factor US Equity ETF seeks to provide long-term capital appreciation primarily by investing, directly or indirectly, in equity securities of US issuers that possess strong corporate culture. The BMO ETF will primarily invest in companies that score highly in the management of human capital, which seeks to link company culture and equity performance in a quantifiable factor.

Aron Levine appointed Group Head and President, BMO, U.S.Nadim Hirji appointed Vice-Chair, BMO Commercial BankingErnie (Erminia) Johannson to retire in 2026, appointed Senior AdvisorSharon Haward-Laird appointed Group Head, Canadian Commercial Banking and North American Shared Services; Co-Head, Canadian Personal & Commercial BankingMat Mehrotra appointed Group Head, Canadian Personal & Business Banking; Co-Head, Canadian Personal & Commercial BankingDeland Kamanga, as Group Head, Wealth Management, designated Executive Committee Sponsor for One Client Leadership InitiativesMona Malone appointed Chief Administrative Officer and Chief Human Resources OfficerPaul Noble appointed General Counsel and Group Head, Legal & Regulatory Compliance

Aron Levine appointed Group Head and President, BMO, U.S.Nadim Hirji appointed Vice-Chair, BMO Commercial BankingErnie (Erminia) Johannson to retire in 2026, appointed Senior AdvisorSharon Haward-Laird appointed Group Head, Canadian Commercial Banking and North American Shared Services; Co-Head, Canadian Personal & Commercial BankingMat Mehrotra appointed Group Head, Canadian Personal & Business Banking; Co-Head, Canadian Personal & Commercial BankingDeland Kamanga, as Group Head, Wealth Management, designated Executive Committee Sponsor for One Client Leadership InitiativesMona Malone appointed Chief Administrative Officer and Chief Human Resources OfficerPaul Noble appointed General Counsel and Group Head, Legal & Regulatory Compliance

Survey shows concerns about inflation and their own financial situations increased by 16 points.

TORONTO, June 4, 2025  /CNW/ - A special report from the BMO Real Financial Progress Index reveals Canadians' concerns about their personal finances have surged amid increased economic uncertainty and market volatility.

The survey explored changes in Canadians' concerns about their finances and current economic conditions between March and April 2025, and found:

Cost of Living Considerations: 78% reported growing concerns about the cost of living in April – a 17-point increase from 61% in March. Inflation Concerns Intensify Over three quarters (76%) say their concerns about inflation have increased – a 16-point increase from 60%.Temperature on Tariffs: Concerns about the impact of US tariffs increased from 65% to 74%.Rising Recession Risks: Canadians' concerns about the prospect of economic recession increased from 60% to 74%.Pulse on Personal Finances: Nearly three in five (58%) say they are more concerned about their financial situation – a 16-point increase from the 42% in March.  

NEW YORK, June 2, 2025 /PRNewswire/ - Bank of Montreal ("BMO") today announced its plan to change the ticker symbol for the MicroSectors™ FANG+™ 3× Leveraged ETNs due February 17, 2045, CUSIP: 063679385 (the "ETNs"). The ETNs are currently listed on the NYSE Arca, Inc. under the ticker symbol "FNGB."

The current and expected ticker symbols for the ETNs are listed in the table below. These changes are expected to be effective at the open of trading on June 24, 2025.

ETN Title

 

CUSIP

Current ETNTicker Symbol

New ETNTicker Symbol

MicroSectors™ FANG+™ 3×Leveraged ETNs

063679385

FNGB

FNGU*

*BMO is reusing the "FNGU" ticker symbol for its new FNGB ETNs after the required "cooling off" period set forth under NYSE Arca, Inc.'s guidelines.

TORONTO and CHICAGO, June 2, 2025 /PRNewswire/ - BMO today announced the successful conclusion of its inaugural North American BMO Walks for Good campaign, raising almost $2.4 million CAD and counting in support of mental health organizations across Canada and the United States. Nearly 13,000 members of Team BMO, friends, families, and community members took part in walks held throughout May, including the BMO Walk so Kids Can Talk in support of Kids Help Phone (KHP) in 16 communities across Canada, and National Alliance on Mental Illness (NAMI) Walks in Chicago, Los Angeles, San Francisco and New York City.

TORONTO and CHICAGO, June 2, 2025 /CNW/ - BMO today announced the successful conclusion of its inaugural North American BMO Walks for Good campaign, raising almost $2.4 million CAD and counting in support of mental health organizations across Canada and the United States. Nearly 13,000 members of Team BMO, friends, families, and community members took part in walks held throughout May, including the BMO Walk so Kids Can Talk in support of Kids Help Phone (KHP) in 16 communities across Canada, and National Alliance on Mental Illness (NAMI) Walks in Chicago, Los Angeles, San Francisco and New York City.

TORONTO, May 30, 2025 /CNW/ - BMO today announced it has received multiple recognitions for its leadership in delivering innovative digital solutions and experiences to help customers make real financial progress.

Digital CX Awards from The Digital Banker:

Outstanding Digital CX for Mobile Banking – Canada: Available in BMO's Mobile Banking app and Online Banking, the Enhanced Transaction Details feature provides customers with detailed information about credit and debit card transactions including merchant information and location. This provides customers a more comprehensive understanding of their transactions and spending habits. Excellence in Omni-Channel Customer Experience: BMO developed an approach to helping customers make progress towards the financial goals by delivering personalized and relevant multi-channel advice and guidance to support their journey. Customers are able to share their financial goals in-branch, over email, or on BMO Savings Goals, a feature available on the BMO Mobile Banking app and Online Banking.

TORONTO, May 28, 2025 /PRNewswire/ - Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced that its Board of Directors declared a quarterly dividend of $1.63 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2025, a 4 cent, or 3 per cent, increase from the prior quarter, up 5 per cent from the prior year.

The Board of Directors also declared dividends of:

$0.190875 per share on paid-up Class B Preferred Shares Series 33; and$0.426 per share on paid-up Class B Preferred Shares Series 44.

TORONTO, May 28, 2025 /CNW/ - Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced that its Board of Directors declared a quarterly dividend of $1.63 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2025, a 4 cent, or 3 per cent, increase from the prior quarter, up 5 per cent from the prior year.

The Board of Directors also declared dividends of:

$0.190875 per share on paid-up Class B Preferred Shares Series 33; and$0.426 per share on paid-up Class B Preferred Shares Series 44.

BMO's Second Quarter 2025 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended April 30, 2025, is 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

Second Quarter 2025 compared with Second Quarter 2024:

Reported net income1 of $1,962 million, compared with $1,866 million; adjusted net income1 of $2,046 million, compared with $2,033 millionReported earnings per share (EPS)2 of $2.50, compared with $2.36; adjusted EPS1, 2 of $2.62, compared with $2.59Provision for credit losses (PCL) of $1,054 million, compared with $705 millionReported return on equity (ROE) of 9.4%, compared with 9.9%; adjusted ROE1 of 9.8%, compared with 10.9%Common Equity Tier 1 (CET1) Ratio3 of 13.5%, compared with 13.1%Declared a quarterly dividend of $1.63 per common share, an increase of $0.08 or 5% from the prior year and $0.04 or 3% from the prior quarter

BMO's Second Quarter 2025 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended April 30, 2025, is 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

Second Quarter 2025 compared with Second Quarter 2024:

Reported net income1 of $1,962 million, compared with $1,866 million; adjusted net income1 of $2,046 million, compared with $2,033 millionReported earnings per share (EPS)2 of $2.50, compared with $2.36; adjusted EPS1, 2 of $2.62, compared with $2.59Provision for credit losses (PCL) of $1,054 million, compared with $705 millionReported return on equity (ROE) of 9.4%, compared with 9.9%; adjusted ROE1 of 9.8%, compared with 10.9%Common Equity Tier 1 (CET1) Ratio3 of 13.5%, compared with 13.1%Declared a quarterly dividend of $1.63 per common share, an increase of $0.08 or 5% from the prior year and $0.04 or 3% from the prior quarter

TORONTO, May 27, 2025 /CNW/ - BMO today announced it ranked first in EMARKETER's 2025 Canada Mobile Banking Features Benchmark for the second consecutive year. The recognition reflects BMO's leadership in digitally-enabled, customer-focused solutions with its Mobile Banking app, achieving top rankings in categories including account management, alerts, digital money management, and security.

This recognition demonstrates the ongoing success of BMO's Digital First journey and builds on the bank's strong track record of industry recognition.

BMO gives investors another way to gain exposure to gold, with the added benefit of monthly cashflow

TORONTO, May 27, 2025 /CNW/ - BMO Asset Management Inc. the manager of the BMO ETFs, today announced the launch of the new BMO Covered Call Spread Gold Bullion ETF (ZWGD).

BMO Covered Call Spread Gold Bullion ETF seeks to provide long-term capital appreciation through exposure to the price of gold bullion, net of fees and expenses, by investing directly or indirectly in long-term holdings of unencumbered gold bullion, while mitigating some downside risk through the use of a covered call spread strategy.

BMO's new Active ETFs offer a range of equity-based strategies for Investors

TORONTO, May 27, 2025 /CNW/ - BMO Asset Management Inc., the manager of the BMO ETFs, today announced the launch of five new ETFs based on market insights from Brian Belski, Chief Investment Strategist and leader of the Investment Strategy Group at BMO Capital Markets.

With more than 35 years of investment strategy and portfolio management experience on both Wall Street and Bay Street, Brian Belski is a well known and regular contributor to many financial news networks in North America. The new actively managed ETFs are designed to capture the Investment Strategy Group's views on fundamental themes, sectors, and industries within each model's investment criteria and discipline.