News Releases

- Ten percent care for both their children and older relatives while 17 percent expect to care for the two generations in the future

- Those in the "Sandwich Generation" have only reached a third of their retirement savings goal

- Nearly all view retirement as a top priority; however, 30 percent have not thought about what their retirement will look like and 43 percent do not know when they will retire

While confident in their knowledge, one-quarter are uncomfortable discussing personal finance with their kids, while another quarter lack the resources to have 'the talk'

Nine new ETFs include three innovative global corporate bond ETFs with maturity bands to help investors with precise positioning in an uncertain interest rate environment

Recognitions Include Group Award for Equity ETFs in Canada

- Both small-and micro-businesses have seen significant growth in revenues

- Statistics Canada data reveal that small businesses continue to create jobs faster than larger companies

- Majority of business owners currently operate under a business plan and engage in networking activities to stay connected

- BMO Bank of Montreal and BMO Nesbitt Burns Main Branches, as well as BMO Private Banking, Commercial and Corporate Finance operations, to be relocated to Nova Centre Office Tower

- BMO Regional Headquarters and support services also moving to Nova Centre Office Tower, to be branded as BMO Tower

- Women needed an average of $201,729 to start their businesses

- Women business owners face challenges when getting started, including supporting their families until business is profitable

- BMO Economics says the retail sector is growing at a moderately strong rate

- Two thirds of New Canadians have retirement savings

- On average, they plan to retire at age 63 and feel they need $660,000 for retirement

- In addition to supporting themselves, more than half of younger New Canadians say it is expected that they will support their parents in their retirement

- Nearly half of investors say REITs will outperform the S&P 500 by 3 per cent or more

- More than half of investors see residential sector as top performer among REITs over next 12 months

- 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, October 21st, 2015

- Eighty percent of homeowners intend to make cosmetic changes to their homes

- Almost half of homeowners intend to make their homes more energy-efficient

- More than half of homeowners expect to pay for home renovations with savings

Major third-floor gallery will carry BMO name

- Micro businesses (10 employees or less) spent an average of $121,542, while small businesses with 11-49 employees spent $345,000

- Three quarters of Canadian small business owners are currently turning a profit; two thirds are confident in their ability to manage finances and expenses

- Thirty-six per cent of Canadians say debt makes them feel nervous and insecure

- Forty-seven per cent of Canadians believe that the high level of debt in Canada has been influenced by rising real estate values

- Low interest rates have persuaded 35 per cent of Canadians to pay down their mortgage

- Fifty-nine percent of Americans plan to fund long-term care needs with their own savings

- More than half would prefer to receive long-term care in their own home instead of in a facility

- Thirty-six percent have not discussed any financial issues around potential long-term care with loved ones

- Nearly half of respondents see greatest enrollment growth in online or blended education

- Thirty-eight per cent say curriculum products like language comprehension will be among the most adopted education technology products over next five years

- BMO Perks: customers receive personalized offers for cashback or bonus AIR MILES Reward Miles

- No coupons required - conveniently linked to the customer's BMO MasterCard

- Popular merchants in the program include Shell, Rexall, National Car Rental, Staples & Toys R Us

- Canadian ETF industry stands at $84 billion in AUM, up more than 10 per cent over year-end 2014

- BMO MSCI EAFE Index ETF has led Canadian ETFs in most net inflows to date in 2015

- Trading efficiencies and concentration concerns around ETFs are two key factors impacting the industry

- Annual initiative has raised C$16.3 million to date, supporting more than 3,000 students

- Program donates day's worth of trading commissions from Canada, the United States and Europe

- Leading institutional investors and real estate CEOs and CFOs from across North America to attend

- Event to feature panel discussions on key issues including "The Future of REITs" and "Retail in an Online World"

- Keynote addresses from high profile industry leaders as well as "Freakonomics" co-author Steven Levitt

- Annual BMO Ontario Farm Family Awards to be presented

- Fun and interactive learning activities for youth all week at the BMO Kids' Zone

- Free admission and pancake breakfast for children under the age of 16 on BMO Kids' Day, September 26 from 8:30 a.m. - 10:30 a.m.

- Thrilling equestrian team competition ends with dramatic win by Brazil.

- Record breaking crowds of 85,747 dedicated fans cheered the nations on for the 2015 event.

- Acquisition of a leading Transportation Finance business enhances BMO's commercial banking franchise

- Adds experienced, committed, industry-leading management team bringing a differentiated business model with superior systems and underwriting capabilities

- Aligned with BMO's risk profile and strategy

- Transaction expected to be immediately accretive to earnings per share

- Calgary welcomes eight nations for the world's top equestrians at 2015 BMO Nations' Cup at Spruce Meadows

- 2015 Canadian Team includes: Mark Laskin, Ian Millar, Eric Lamaze, Tiffany Foster and Yann Candele

- Free admission to the BMO Fan Centre featuring fun activities for the whole family

- Best Practices in Litigation Management

- Imdad Ali named one of Tomorrow's Leaders

- 2015 Innovation of the Year Award

- International exposures, including low volatility, covered call dividend and Canada's first put write strategy ETF

- New ETFs offer more choice to address needs of investors

- BMO AM's ETF business stands at 63 ETFs and $22.9 billion in AUM

BMO supports expansion of Ryerson University's successful Tri-Mentoring Program

- Executive panel discussions on the latest digital trends for education

- Presenting companies include those supporting the PreK-12, postsecondary and corporate training sectors

Latest white paper examines risk, return potential and adaptability in advocating active approach to low volatility equities

- Canadians have an average $41,694 in emergency savings

- Job loss, medical expenses and major car repairs among top emergency concerns

- 30 per cent of Canadians concerned about personal financial standing

- The portfolios have three different risk profiles and aim to help preserve and grow wealth in retirement

- Low-fee solution designed to provide downside protection against market volatility

- According to StatsCan, life expectancy in Canada has increased by 25 years since 1921

- Three quarters of Canadians said they would use their own savings to fund long-term care needs

- Fifty-six per cent would prefer to receive long-term care in their own home rather than in a facility

- Thirty-seven per cent have not discussed any financial issues around potential long-term care with loved ones

- Wealthy Canadian parents pay for an average of 69 per cent of their children's post-secondary school costs

- They are less concerned with how their children will perform academically than how they will fare financially after graduation

- Sixteen per cent have their children enrolled in private schools; almost three quarters feel their children will receive a better education

- Overall spending down to $323 from $428 in 2013

- Despite having the highest percentage of people planning to shop for back to school (59 per cent), those in Atlantic Canada plan to spend the least ($211)

- BMO Economics says that fewer trips south of the border for shopping could provide a silver lining

Financial Results Highlights:

Third Quarter 2015 Compared with Third Quarter 2014:

- Net income of $1,192 million, up 6%; adjusted net income(1) of $1,230 million, up 6%

- EPS(2) of $1.80, up 8%; adjusted EPS(1,2) of $1.86, up 8%

- ROE of 13.6%, compared with 14.4%; adjusted ROE(1) of 14.0%, compared with 14.9%

- Provisions for credit losses of $160 million, compared with $130 million

- Basel III Common Equity Tier 1 Ratio of 10.4%

Year-to-Date 2015 Compared with Year-to-Date 2014:

- Net income of $3,191 million, down 2%; adjusted net income(1) of $3,417 million, up 2%

- EPS(2) of $4.75, down 2%; adjusted EPS(1,2) of $5.10, up 3%

- ROE of 12.3%, compared with 14.3%; adjusted ROE(1) of 13.2%, compared with 14.7%

- Provisions for credit losses of $484 million, compared with $391 million

- Nearly half of Canadians fear financial loss and one third are concerned about how market volatility will affect their investments

- Ninety per cent are confused about investing while only one in 10 say nothing confuses them

- Many are confused when looking for the right investment option that will yield the best return and suits their level of risk tolerance

- Forty-three per cent of Canadians have or intend to purchase life insurance

- Fewer than one third are confident that their financial plan has addressed their insurance needs

- Only 49 per cent feel that they have some understanding of the insurance products best suited for their life stage

- The national winner will receive a $10,000 award; the 12 regional winners from across Canada will each be awarded $5,000

- 13 winning works will be showcased from October 22 to December 18, 2015 at the Justina M. Barnicke Gallery, University of Toronto

New fingerprint recognition and Passcode options build on Mobile Cash technology, offering banking customers quick, convenient and secure access

- Spending on basket of four typical monthly expenses more than doubles during the summer months

- Half of Canadian families say they spend the most money during summer

- BMO CashBack World Elite MasterCard credit card offers 1.75 per cent cash back on all everyday purchases

- Sixty-three percent plan to travel three times or more a year for pleasure

- They expect to spend an average amount of $2,900 per trip

- Most plan to travel within the United States and during the spring and fall seasons

- BMO business customers in the Greater Toronto Area now have access to socialstraw(TM), an innovative and easy-to-use social monitoring and engagement platform

- Ninety-five per cent of New Canadians think it is likely their children will obtain a post-secondary education

- Two thirds are more optimistic about Canada's economy than the economy in their native country

- Sixty-five per cent of immigrants consider it a priority to leave as much money as possible to their children, yet fewer than a third have a will

Report examines relationship between payroll and performance in Major League Baseball

- Canadians carrying an average of $92,000 in debt and paying $1,165 in monthly debt servicing costs

- However, more than half believe they will be debt free within the next five years

- Sixty-five per cent plan to travel three times or more a year for pleasure

- High-net worth travelers expect to spend an average amount of $5,665 per trip, three times more than Canadians as a whole

- Most plan to travel within North America and during the winter and summer seasons

- Housing is identified as the single largest monthly expense

- Fifty-five per cent have splurged ($10,000 or more) on one item

- Retired Canadians' biggest surprise about retirement? Not having enough time to do everything they would like

- One third regret past financial decisions, including impulse spending and going over budget

- Canadians are able to put aside an average of $450 in savings per month

- New BMO Savings Builder Account rewards Canadians who save on regular basis

BMO Congratulates New Corporate Partners for Supporting Critical Basic Research

- Canadians expect to spend an average of $2,038 on weekend trips and longer vacations

- Canadians just want to have fun: Socializing accounts for 39 per cent of summer expenses

- Nearly half say they have often lived beyond their means in the summer time

- New $6 Biz Basic(TM) Plan from BMO(R) offers seven transactions(1) and seven items(2) on deposit per month, with no minimum balance required

- Customers can take advantage of added bonuses, including double CashBack(R) rewards(3,4) and three months free(5) on new sign-ups for PAYD Pro(TM)++ from Moneris(R)++ PAYD(TM)++

- BMO Poll found that the majority of Canadian small business owners (54 per cent) are seeking a less complicated banking experience(i)

Latest white paper outlines approach to target date funds, focusing on balancing investor risks and outcomes

- Majority of Canadians expect interest rates to rise in the next five years

- Freedom 65? One third expect to have a mortgage on their 65th birthday.

- Region would rank as the world's third largest economy if it were a country

- Quebec's ties to Great Lakes States significant; account for 20 per cent of exports and 6 per cent of imports

- U.S. economy expected to grow 2.2 per cent in 2015; Canadian growth at 1.5 per cent

- National index ranks residents of each province on who is most successful at managing their wealth by looking at a variety of criteria

- Saskatchewan places first among the provinces with a score of 72.9

- Saskatchewan residents score well in having a financial strategy; opportunities exist for them to improve by reducing their level of debt and having a will in place

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Quebec places second behind Saskatchewan among provinces

- Quebecers scored well on having a low level of debt and having a financial strategy but could improve by consulting a professional to help develop their financial plan and by contributing to a rainy day fund

- Index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- PEI places eighth among the provinces

- PEI residents scored well in having a financial strategy and having a life insurance policy in place; opportunities exist for them to improve by working with a professional to ensure effectiveness of their financial plan and prioritizing saving to sustain their lifestyle

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Ontario places sixth among the provinces

- Ontarians scored well in having a financial strategy and having a life insurance policy in place; opportunities exist for them to improve by working with a professional to ensure the effectiveness of their financial plan and prioritizing savings to sustain their lifestyle

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Nova Scotia was in the middle of the pack, placing fifth

- Nova Scotians scored well because of having low levels of debt and having a financial strategy in place, but could improve in their amount of assets and ensuring the effectiveness of their financial plan by working with a professional

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Newfoundland & Labrador had the fourth highest score among the provinces

- Residents achieved high scores because of their relatively low level of debt and likelihood of having a financial strategy, but could improve by increasing their assets and contributing to a rainy day fund

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Manitoba places seventh among the provinces

- Manitobans scored well in having a financial strategy and having a life insurance policy in place; opportunities exist for them to improve by working with a professional to ensure effectiveness of their financial plan and prioritizing saving for retirement

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- New Brunswick residents have, on average, $69k of debt

- Opportunities exist for them to improve by working with a professional to ensure effectiveness of their financial plan and prioritizing saving for retirement

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- British Columbia places ninth among the provinces in the inaugural study

- British Columbians score well in the high value of their assets and having a financial strategy in place; opportunities exist for them to improve by reducing debt and contributing to a rainy day fund

- National index ranks residents of each province on who is most successful at managing their wealth according to a variety of criteria

- Alberta's score of 70.6 is above the national average of 69.3

- Albertans scored well because of the high value of their assets and having robust rainy day funds, but could improve by reducing their level of debt and working with a professional to ensure effectiveness of their financial plan