News Releases

- A third have too many activities and too little time in which to do them

- One in three say that retirement is more expensive than they expected

- Tip to younger Canadians: start saving as much as possible from an early age to realize ideal retirement lifestyle

- Grand prize won by three BMO Ultimate Fans - one each from the Western Hockey League (WHL), the Ontario Hockey League (OHL) and the Quebec Major Junior Hockey League (QMJHL), as part of BMO Ultimate Fan Appreciation Night Series

Financial Results Highlights:

First Quarter 2013 Compared with First Quarter 2012:

- Net income of $1,048 million, down 5%; adjusted net income(1) of $1,041 million, up 7%

- EPS(2) of $1.53, down 6%; adjusted EPS(1), (2) of $1.52, up 7%

- ROE of 14.9%, compared with 17.2%; adjusted ROE(1) of 14.8%, compared with 15.0%

- Provisions for credit losses of $178 million, compared with $141 million; adjusted provisions for credit losses(1) of $96 million, compared with $91 million

- Basel III Common Equity Ratio is strong at 9.4%

- Dividend Increased by $0.02 or 3% to $0.74 per Common Share

Announced as part of Global Finance's World's Best Investment Banks 2013 Awards

- BMO branch represents a $1.4 million investment in the community

- Offering customers extended banking hours, including Saturdays

- 'Making Money Make Sense' in three different languages

Industry leaders from 25 countries and six continents to attend one of the largest metals and mining investor conferences in the world

- Seventy-two per cent of Canadian RRSP holders say their portfolio includes mutual funds

- Mutual funds comprise almost a third of total RRSP holdings

- Canadians cite professional management and ability to diversify as top reasons for choosing mutual funds

- Investors currently favour income-generating mutual funds

Concerns of a nationwide housing bubble in Canada should begin to deflate

- Latest data suggest rising income and falling mortgage rates have offset effects of higher house prices in most markets

- Currently, mortgage payments on the average-priced house in Canada consume a moderate 28 per cent of household income

- However, the typical family is largely priced out of the detached property market in Vancouver, Toronto and Victoria