Last $61.96 USD
Change Today +0.27 / 0.44%
Volume 879.4K
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

129 rue Saint Jacques

Montreal, QC H2Y 1L6

Canada

Phone:

Fax:

company’s Private Banking businesses operate in Canada, the United States, Hong Kong and Singapore, offering a comprehensive range of financial services and solutions to high net worth and ultra high net worth clients; and under BMO Harris Financial Advisors, to mass affluent clients in the United States. BMO Global Asset Management is an investment organization that provides investment management, retirement, and trust and custody services to institutional, retail and high net worth investors worldwide. BMO Insurance operates in Canada and internationally. In Canada, the company manufactures life insurance, accident and sickness insurance, and annuity products that are marketed both to brokers and directly to individuals. Its creditor insurance division markets group creditor insurance, and internationally, the company provides reinsurance solutions. Strategy: The company’s strategy is to deliver on its clients’ wealth management needs by enhancing the client experience, while focusing on productivity and investing for future growth. BMO Capital Markets BMO Capital Markets is a North American-based financial services provider offering a range of products and services to corporate, institutional, and government clients. BMO Capital Markets operates in 29 locations worldwide, including 16 offices in North America. Investment and Corporate Banking offers clients debt and equity capital-raising services, as well as loan origination and syndication, balance sheet management solutions and treasury management services. The company provides strategic advice on mergers and acquisitions, restructurings and recapitalizations, as well as valuation and fairness opinions. It also offers trade finance and risk mitigation services to support the international business activities of clients and provides a range of banking and other operating services modified to North American and international financial institutions. Trading Products offers research and access to global markets for institutional, corporate and retail clients through a suite of sales and trading solutions that include debt, foreign exchange, interest rate, credit, equity, securitization and commodities. The company also offers new product development and origination services, as well as risk management (derivatives) advice and services to hedge against price fluctuations on various key inputs, including interest rates and commodities. In addition, the company provides funding and liquidity management to clients. Seasonality The company’s quarterly earnings, revenue and expense are modestly affected by seasonal factors. Its second-quarter results are lower relative to other quarters because there are fewer calendar days, and thus fewer business days. The months of July (third quarter) and August (fourth quarter) are characterized by lower levels of capital markets activity, which has an effect on results in Wealth Management and BMO Capital Markets. The December holiday season also contributes to a slowdown in some activities. Regulations The company’s activities in Canada are governed by the Bank Act. As a foreign bank, the company is subject to various U.S. laws and regulations, including the United States International Banking Act of 1978, the United States Bank Holding Company Act of 1956, and related regulations. The Board of Governors of the Federal Reserve System, including the Federal Reserve Banks, and state banking regulators oversee the company’s branch and office operations in the United States. The company and its subsidiaries own two Federal Deposit Insurance Corporation insured depository institutions in the United States. These institutions engage in cash management, fiduciary activities, and commercial and retail banking. They are subject to laws and regulations and examination by the Office of the Comptroller of the Currency. The company is subject to the Dodd-Frank Wall Street Reform and Consumer Protection Act. History Bank of Montreal was founded in 1817. The company was incorporated in 1821 by an Act of Lower Canada as the first Canadian chartered bank.

 

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Industry Analysis

BMO

Industry Average

Valuation BMO Industry Range
Price/Earnings 12.5x
Price/Sales 3.1x
Price/Book 1.5x
Price/Cash Flow 12.1x
TEV/Sales NM Not Meaningful
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