News Releases

- Inaugural event to feature industry leaders from pharmaceutical, biotechnology and medical device companies with a focus on therapeutics

- Leading institutional investors and key company executives will be in attendance

- Discussions to include potential impact from changing industry dynamics and expectations around a Trump presidency

- Inaugural event to feature industry leaders from pharmaceutical, biotechnology and medical device companies with a focus on therapeutics

- Leading institutional investors and key company executives will be in attendance

- Discussions to include potential impact from changing industry dynamics and expectations around a Trump presidency

- At 335 feet, the BMO Harris Financial Center will be one of the tallest office towers in Milwaukee.

- Reinforces BMO's commitment to the economic development of the city, and adds to the momentum of Milwaukee's downtown renaissance.

Financial Results Highlights:

Fourth Quarter 2016 Compared with Fourth Quarter 2015:

- Net income of $1,345 million, up 11%; adjusted net income(1) of $1,395 million, up 10%

- EPS(2) of $2.02, up 10%; adjusted EPS(1,2) of $2.10, up 11%

- ROE of 13.8%, compared with 12.9%; adjusted ROE(1) of 14.4%, compared with 13.5%

- Provisions for credit losses of $174 million, compared with $128 million

- Common Equity Tier 1 Ratio of 10.1%

- Dividend increased by $0.02 from the preceding quarter to $0.88

Fiscal 2016 Compared with Fiscal 2015:

- Net income of $4,631 million, up 5%; adjusted net income(1) of $5,020 million, up 7%

- EPS(2) of $6.92, up 5%; adjusted EPS(1,2) of $7.52, up 7%

- ROE of 12.1%, compared with 12.5%; adjusted ROE(1) of 13.1%, compared with 13.3%

- Provisions for credit losses of $815 million, compared with $612 million

- Annual dividends paid per share of $3.36 compared to $3.20, an increase of $0.16 or 5%

- Holiday shopping season seen vibrant amid job and wage growth

- Toys experiencing a fifth consecutive year of growth

- American retail sales (excluding autos and gas stations) expected to rise 4 percent year over year this holiday season

- Retailers' early sale promotions reduce some excitement around Black Friday

- BMO is one of the first market makers for direct trading of Chinese yuan against Canadian dollar in the inter-bank foreign exchange market

- Launch of direct trading will further promote use of CNY and CAD currencies in cross-border trade and investment settlement between China and North America

- More than four in five donated $10,000 or less in the past 12 months

- Fifty-two per cent say they choose to donate to charities to which they have a personal connection

- More than half say their motivation to give is the desire to have an impact on their community; only 21 per cent say they give to reduce taxes

- BMO launches a donor-advised fund, the BMO Charitable Giving Program, to give Canadians more options for giving

Recognitions include Group Award for Bond ETFs in Canada

- Graduating student artists from across Canada will display their award-winning work at the Justina M. Barnicke Gallery at the University of Toronto

- Media are invited to an exclusive launch event on Wednesday, November 16th, 2016

When given a list of common hurdles, including achieving work-life balance and obtaining capital, women running start-ups expressed less difficultly dealing with challenges than men

Effective November 1, 2016:

- Frank Techar is appointed Vice-Chair, BMO Financial Group

- Darryl White is appointed Chief Operating Officer, BMO Financial Group

- Patrick Cronin is appointed Group Head, BMO Capital Markets

- Gilles Ouellette is appointed Group Head, BMO Asset Management

- Joanna Rotenberg is appointed Group Head, BMO Wealth Management

Seventy-five percent of small business owners reported saving less than $100,000 with 8% indicating they had saved more than $500,000

- Seventy-two per cent surveyed have saved less than $100,000 for their retirement

- More than one third of business owners said they would sell to buyer(s) outside of the family

- BMO offers tips on how private business owners can create a retirement plan

- Business owners demonstrate cautious optimism moving into 2017

- Employee hiring and online presence continue to propel momentum for small businesses across the country

- Province's GDP expected to advance 0.5% compared to last year

- Agriculture shows reason for optimism, undeterred by implications of oil and gas in other areas of housing and mining

- Real GDP will likely grow 1.4 per cent this year, up from 1.1 per cent in 2015

- Export momentum is picking up and the stabilized fiscal landscape is supportive of business investment

- The jobless rate has fallen to 7 per cent, the lowest level in just over a decade, but demographic headwinds will keep trend growth below the national average

- Real GDP growth expected to moderate slightly to 1.0 per cent this year

- U.S. demand and the weaker Canadian dollar anticipated to support exports and tourism

- Knowledge-based and high-tech companies, particularly in the aerospace sector, continue to grow

- Public sector restraint and slow population growth likely to remain a drag on the province's economy

- Labour market continues to perform well upheld by gains in construction and professional services

- Exporters benefiting from weak currency, sturdy U.S. demand and lower oil prices

- GDP growth of 2.6 per cent expected in 2016 and 2.3 per cent in 2017, compared to 1.2 per cent, nationally, in 2016 and 2.0 per cent in 2017

- Real GDP rose from 0.8 per cent in 2015 to 1.1 per cent in 2016

- Canada GDP growth expected to be 1.3 per cent in 2016, 2.1 per cent in 2017

- GDP contraction of 2.0 per cent expected in 2016, followed by growth of 0.7 cent in 2017

- Canada GDP growth expected to be 1.3 per cent in 2016, 2.1 per cent in 2017

- GDP growth of 0.5 per cent expected in 2016, 0.8 per cent in 2017

- Canada GDP growth expected to be 1.3 per cent in 2016, 2.1 per cent in 2017

- Province's GDP expected to rise 2.4%, up slightly from 2015 levels

- Steady growth boosted by diverse economy, including strong manufacturing and service sectors

- Province's GDP once again expected to rise 3%, more than twice the national average

- Housing market, non-energy exports and labour market among driving factors