News Releases

BMO recognized for its workplace diversity and inclusiveness initiatives

- High-net worth Illinois residents expect to retire at an average age of 59 and feel they need $1.9 million for retirement

- Ninety-three percent plan to live in the U.S. during their golden years

- Travelling, seeing family and loved ones and focusing on their hobbies are how Illinois' affluent would like to spend their retirement years

- Affluent Florida residents expect to retire at an average age of 59

- Nearly all plan to spend their golden years in the U.S.

- Travelling, spending time with family and loved ones and focusing on their hobbies are among the top things they plan to do in retirement

- BMO adding more than 400 ATMs at Shell locations across Canada

- New locations increase BMO's out-of-branch ATM network by nearly 40 per cent

- Expanded partnership with Shell offers customers added value and convenience

- High-net worth Americans plan to retire at an average age of 56

- The vast majority (96 percent) plan to spend their retirement in the U.S.

- More than half (53 percent) plan to continue working in retirement

- Award follows the launch of BMO Banking & InvestorLine iPad app

-Seventy-four per cent of Canadians plan to vacation this Spring

-Sixty-two per cent purchase supplemental travel medical insurance

-More than a third of travellers have required medical attention while on holiday

- Great rate of 2.79, five year fixed term and shorter amortization period helps Canadians own their home sooner while saving thousands in interest payments

- Smartphone technology allows customers to make ATM withdrawals without removing their wallets, saving time while enhancing security

- Mobile Cash immediately available at 750 BMO Harris ATMs - the largest network in the country

- New report reveals how digital tools are changing financial habits of Americans

NBA Partners with BMO to Reach Youth across Canada

- Prices in Florida and Arizona expected to continue rising

- Canadians are the largest foreign buyers of Florida housing

- New government guidelines for residents spending time in Canada and U.S.

- Just 31 per cent of women feel that their families provide the support needed for them to succeed at home and at work

- 63 per cent report that staying with one employer is the best way to succeed in one's career

- Nearly three quarters of women state that it's harder for them to prove themselves to a new employer than it is for men

- The bank of mom and dad: One quarter of first time buyers expect financial help from parents or relatives

- Expected down payment is 13 percent

- Majority of first-time buyers have made lifestyle cutbacks to save money

- Just 31 per cent of women feel that their families provide the support needed for them to succeed at home and at work

- 63 per cent report that staying with one employer is the best way to succeed in one's career

- Nearly three quarters of women state that it's harder for them to prove themselves to a new employer than it is for men

- Fifty-seven per cent of Canadians contributed before the March 2 deadline, down from 65 per cent in 2014 and 62 per cent in 2013

- Average contribution amount was $3,737, up from $3,518 in 2014 and $3,544 in 2013

- Forty-three per cent contributed to their RRSP because they believe it is the "responsible thing to do"

- Over half are unaware of what is considered a good credit score

- Almost one third lack knowledge on how to build a good credit rating

- Credit score can affect getting a loan, a credit card, or renting an apartment

- BMO offers advice on how Canadians can achieve and maintain good credit

- Fifty-six per cent need assistance with deciding which investments best suit their needs

- More than half do not understand how their portfolios will react in certain markets

- Only one in five need help deciding when or if to downsize to a smaller home or deciding where to live in retirement

- Senior executives from across BMO to discuss what "Having It All" really means and issues related to work/life balance

- BMO will also be releasing the results of a new study examining how women navigate the workplace and their home lives

Financial Results Highlights:

First Quarter 2015 Compared with First Quarter 2014:

- Net income of $1.0 billion, down 6%; adjusted net income(1) of $1,041 million, down 4%

- EPS(2) of $1.46, down 8%; adjusted EPS(1,2) of $1.53, down 5%

- ROE of 11.8%, compared with 14.2%; adjusted ROE(1) of 12.3%, compared with 14.5%

- Provisions for credit losses of $163 million, compared with $99 million

- Basel III Common Equity Tier 1 Ratio of 10.1%

- On average, high-net-worth Canadians plan to retire at age 60 and feel they need an average of $2 million for retirement

- Almost all will spend their golden years in Canada

- Travel, time with family, hobbies and volunteering will fill their time during retirement

BMO is here to help clients with foreign exchange needs, and supporting the expansion of Canadian business ties with China

- Industry leaders and other participants from 28 countries and 6 continents to attend one of the largest metals and mining investor conferences in the world

- Low oil prices, job growth and consumer spending helping to spur growth

- Solid growth expected throughout 2015

- Canadians spend an average of 64 hours per month on mobile devices

- Majority of tablet owners have banking apps on their tablet, with one third logging on daily

- Over the past year, mobile banking adoption has increased approximately 60 per cent

- Balancing Act: 30 per cent of card holders don't pay their bill every month

- Holiday Hangover? Average of $1192 accumulated in holiday spending credit card debt

- BMO encourages Canadians to use a credit card as a payment tool as opposed to a borrowing tool

BMO GOLDR SEC-registered securities provide investors with a secure and convenient way to purchase gold bullion

- More than $26 million raised for local United Ways and other charities across North America

- Nearly 90 per cent of BMO employees supported campaign through donations along with volunteering their time at hundreds of community charities

- Almost half of Millennials are optimistic about affording their ideal retirement lifestyle while just one-third of Boomers feel the same way

- Millennials feel they need an average of $442,000 saved to afford their ideal retirement lifestyle while Boomers feel they need $385,000

- Not having enough money saved and declining physical abilities among top retirement concerns for both groups

- Canadian ETF Industry Assets Are Expected to Reach $200 Billion by 2020

- BMO's ETF Business Led the Canadian ETF Industry in New Assets for the Fourth Year in a Row

- Trends Include Increased Use by Investors and Advisors, as Well as the Maturation of Smart Beta ETFs

BMO one of only two financial institutions from North America to be named to list