News Releases

Financial Results Highlights:

First Quarter 2014 Compared with First Quarter 2013:

- Net income of $1,061 million, up 2%; adjusted net income(1) of $1,083 million, up 5%

- EPS(2) of $1.58, up 5%; adjusted EPS(1,2) of $1.61, up 7%

- ROE of 14.2%, compared with 14.9%; adjusted ROE(1) of 14.5%, compared with 14.8%

- Provisions for credit losses of $99 million, compared with $178 million; adjusted provisions for credit losses(1) of $99 million, compared with $96 million

- Basel III Common Equity Ratio is 9.3%

- Canadians are 10 times more likely to rely on research than emotion

- However, only one in three relies completely on research and just 28 per cent report being in control of their emotions at all times

- Optimism, anticipation and confidence are the most common feelings associated with investing

- Canadians are upbeat about investing opportunities in Canada, but less optimistic about the loonie and interest rates

Industry leaders from 27 countries and six continents to attend one of the largest metals and mining investor conferences in the world

- Panelists included some of the firm's top investing experts from around the world

- Comments made during the call were based on a just-released report, Secular Outlook 2014-2019

Industry leaders from 27 countries and six continents to attend one of the largest metals and mining investor conferences in the world

- Majority believe that balancing risk and the long-term rate of return are the most important things to consider in this market environment

- Eighty per cent report that they require help determining their risk tolerance and finding well-suited investments

- Eighty-six per cent say they would use an investment product designed specifically to maximize returns for their given risk level

Industry leaders from 27 countries and six continents to attend one of the largest metals and mining investor conferences in the world

Industry leaders from 27 countries and six continents to attend one of the largest metals and mining investor conferences in the world

- New equity and fixed income ETFs give investors opportunities for income and growth

- Non-currency hedged and currency hedged products provide investors with more choice

- Since its introduction in 2009, BMO AM's ETF business has expanded to 58 funds and more than $12 billion in AUM

- Both men and women in relationships think they are in charge of key retirement decisions

- Eighty-seven per cent of couples report having had a conversation about retirement, yet only a quarter of couples have had a detailed discussion

- Conflict over finances identified as the #1 potential threat to a happy marriage

- BMO Economists and Financial Experts available for commentary and analysis

- What impact will the budget have on retirement, housing, small businesses and personal investing?

- Self-Directed clients will now pay a flat fee of only $9.95 per equity trade with no minimum account balance or trade activity requirements

- Until March 10, 2014, open a new account and invest $100,000 to get $300 cash back and 300 free trades

- Better growing conditions have yielded sharply lower feed prices

- Hog and cattle prices expected to remain elevated throughout 2014, supporting producer margins

- Gen X and Y are upbeat about their ability to purchase a home, send their kids to university and live a comfortable retirement

- However, spiralling real estate markets, delaying parenthood and a lack of retirement savings are some of the factors that have changed the landscape for these cohorts

- Opening and contributing to various savings vehicles early will help ensure financial expectations are met