News Releases

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

- Forty-two per cent of Canadians have already contributed to an RRSP, up seven per cent from this time last year and up 12 per cent from two years ago

- The average amount contributed to an RRSP in 2013 was $3,518

- One-third of Canadians who will not contribute to an RRSP this year cite "lack of funds available" as the reason

Gives customers an immediate way to track and manage money

- Almost two thirds of entrepreneurs work more than 40 hours per week, which is above the average of just under 35 hours per week for the average American worker

- A majority do not have a succession plan in place for their business

- Reviewing income options, learning how to minimize taxes and choosing an insurance plan are among factors business owners should take into consideration

- High-net-worth Americans will give an average of $12,394 to charities in 2014, with holiday season donations accounting for more than one quarter (29 percent) of annual giving

- Forty-three percent will spend more this holiday season than they did in years prior to the 2008 recession, paying an average of $10,525 for gifts and holiday-related expenses

BMO recognized for: workplace diversity, employee learning and new-parent support programs

Annual event to take place December 9-10 at the Grand Hyatt Hotel in New York

Honour comes as The Globe and Mail recognizes BMO InvestorLine as the top bank-owned online brokerage in Canada

- Married/common law Canadians with children feel they need an average of $321 thousand in life insurance while singles feel they need $187 thousand

- Two thirds of Canadians believe that developing a critical illness or becoming disabled would have a significant financial impact on their or their family's standard of living

- Only 16 per cent of Canadians have purchased insurance policies that cover death, critical illness and disability

- Active traders will now receive exclusive benefits of the 5 Star program, including priority call handling, preferred interest rates and access to expert research

- In addition to their account asset amount, Self-Directed clients can now qualify for the 5 Star program by the number of trades they complete per quarter

- Those with Gold Star and Platinum Star status will have access to the new BMO Market Pro platform, which streams real-time market data, news and analysis

- Portfolios managed based on child's year of birth and gradually become more conservative the closer the child gets to entering post-secondary education

- Designed for education savings and to be held in Canadians' RESPs

- Eighty-six per cent of Canadian parents want easy-to-understand investments that align with the date their child plans to attend a post-secondary institution

- Charitable giving levels rise for third year in a row, with more than 80 per cent saying they have made a donation in the past 12 months

- Canadians have good intentions for 2015, with 90 per cent expecting to make a donation averaging $720

- Health, anti-poverty and animal welfare continue to be causes of choice for Canadians

- BMO partners with ChangeIt to offer Canadians the ability to donate to their favourite charities by setting 'round up' amounts on BMO MasterCard purchases

- Consumers can use credit card to 'round-up' amounts on their purchases to charities of choice

New funds address investors' need for growth and income

- Includes smart beta quality and dividend strategies plus innovative fixed income

- New ETFs address investors' demand for factor screening and income

- BMO AM's ETF line-up now stands at 62 ETFs

- Higher employment and strong U.S. dollar to support consumer spending

- All eyes on Apple iPhone 6 sales, expected to hit 65 million units

- Activision's Call of Duty, Ubisoft's Assassin's Creed and Far Cry, and Take-Two's Grand Theft Auto V seen as likely best sellers

- BMO DepositEdge gives businesses an easy-to-use desktop scanner and web-based software to capture cheque images securely and deposit them into their BMO business accounts.

- BMO(R) business customers mitigate security risks, increase efficiency and save time and money.

- BMO DepositEdge gives businesses the ability to make deposits more quickly and improve cash flow.

- Canadians hold an average of $17,490 in their TFSA, with nearly half using their account for retirement savings

- Only one-in-five Canadians are aware of the $5,500 maximum annual contribution to a TFSA

- One-in-ten TFSA holders have over-contributed in the past, costing an average of $412.50 in penalties

- BMO Asia USD Investment Grade Bond ETF provides access to a portfolio of high quality Asia bonds

- BMO Hong Kong Banks ETF provides targeted exposure to banking stocks listed on SEHK

- BMO Asia High Dividend ETF provides exposure to more than 150 high dividend paying companies

- Three quarters of those who have done charitable giving have donated up to $10,000; the average donation amount in 2013 was $5,217

- More than half donate to "impact their community" while just 21 per cent donate to reduce taxes

- Among concerns around donating cited, 43 per cent of affluent Canadians mentioned a fear that their gift will not be used wisely

- Federal government agencies benefit from BMO's sophisticated controls and simplified spend analysis and MasterCard's best-in-class global acceptance

- More than 32,500 BMO-issued purchasing cards issued accounting for 90 per cent of the Canadian government purchasing card spend

- Contract renewal follows BMO and MasterCard's selection as the federal Government of Canada's official travel & entertainment (T&E) card provider in 2013

- Travel continues to take priority, while decreased spending on entertaining and gifts lead decline

- While 28 per cent took on debt as a result of spending in 2013, only 11 per cent expect to do the same this year

- Slower job growth, elevated debts and volatile stock market contributing to cautious consumer mindset, while lower gasoline prices offer a positive offset

- Last week, BMO donated $20,000 to Military Families Fund to honour Corporal Nathan Cirillo and Warrant Officer Patrice Vincent

- Accepting donations at BMO Bank of Montreal branches across Canada

More than 930 branches across Canada to participate from Oct. 31 to Nov. 10, 2014

- Prices in Florida and Arizona expected to increase steadily in coming years

- Canadians are the largest foreign buyers of Florida housing

- Residents spending time in Canada and U.S. face new government guidelines

- Canadians feel more confident about their personal finance knowledge than ever before

- They're least knowledgeable when it comes to investing

- Overall, Canadians fall short on retirement planning and feel hesitant to discuss personal finance with their children

- One-quarter intend to invest more in their business in 2015

- Fewer entrepreneurs intend to invest in equipment upgrades compared to 2013

- Business owners in Ontario and Atlantic Canada are the most likely to invest in employee training

- Canadians can donate to the fund at branches across Canada

- Other top concerns among the nation's business owners include identifying income options and paying too much tax

- Three-quarters of entrepreneurs are focused on making improvements in their business operations and more than half are seeking to grow their business aggressively

- Majority of entrepreneurs do not have a succession plan in place for their business

- Minimum assets required to open an adviceDirect account lowered to $50,000 (previously $100,000)

- Annual account fees reduced from 1 per cent to 0.75 per cent

- Clients with assets over $500,000 will not pay any incremental fees