News Releases

- Index ranks residents of each province on who is most successful at managing their wealth

- Saskatchewan places 1st among provinces in inaugural study

- Canadians score highest in having a financial strategy and having a life insurance plan in place; opportunities exist for them to improve by working with a professional to ensure efficacy of their financial plan and prioritizing saving for retirement

- Two thirds of Canadians feel they are financially prepared for a major life change

- Award Reflects BMO's Broad Global Footprint

- Fortune 1,000 Companies Turning Increasingly to Supply Chain Finance

- BMO Also Named Trade Finance Firm of the Year for Canada by FinanceMonthly

- Cloud-based accounting software simplifies the management of day-to-day operations - in the office or on the go

- Program is currently available to all Ontario business owners, with a nationwide rollout planned for later this year

- Two thirds have savings to cover expenses in a financial emergency

- Average amount in a rainy day fund is $46,362

- Thirty percent report that their rainy day fund would last less than a month

- BMO offers a student intern program each summer that helps participants develop practical skills relevant to the corporate business environment

- Millennials (18 to 34 years old) make up 25 per cent of BMO's workforce and by 2025 they will make up 75 per cent

- Students rank BMO as one of Canada's Top 100 Ideal Employers in a survey by Universum

Financial Results Highlights:

Second Quarter 2015 Compared with Second Quarter 2014:

- Net income of $1 billion, down 7%; adjusted net income(1) of $1,146 million, up 5%

- EPS(2) of $1.49, down 7%; adjusted EPS(1,2) of $1.71, up 5%

- ROE of 11.4%, compared with 14.3%; adjusted ROE(1) of 13.2%, compared with 14.6%

- Provisions for credit losses of $161 million, compared with $162 million

- Basel III Common Equity Tier 1 Ratio of 10.2%

- Dividend increased by $0.02 or 2% from the preceding quarter to $0.82

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

- Net income of $1,999 million, down 6%; adjusted net income(1) of $2,187 million, unchanged

- EPS(2) of $2.95, down 7%; adjusted EPS(1,2) of $3.24, unchanged

- ROE of 11.6%, compared with 14.3%; adjusted ROE(1) of 12.8%, compared with 14.6%

- Provisions for credit losses of $324 million, compared with $261 million

- Fifteen per cent of affluent Canadians have a mortgage, with an average mortgage debt of $176,000

- More than one third own at least one additional property

- Top reasons for having a second property include for vacations and as an investment

- Cardholders get $1.75 for every $100 spent

- No tiers, caps or spending limits

- No annual fee for the first year - a $120 value

Integration of fingerprint recognition is the perfect passcode, offering quick, convenient and secure access to iPhone app for personal debit and credit card customers

- Majority of business owners have an understanding of how social media works, with Millennials leading the way at 93 per cent

- Over one third (35 per cent) use social media for marketing purposes

- One-in-ten (11 per cent) business owners are using social media to listen to customer feedback and understand the changing business environment

- Event features industry leaders from the agriculture and protein, food, fertilizer, retail distribution, restaurant and supermarket sectors

- Keynote presentation by Brett Begemann (President & COO, Monsanto)

- Keynote panel to focus on how to feed the world sustainably

BMO Celebrating Women recognizes exceptional women in Vancouver, Toronto, Kitchener/Waterloo and Halifax

- Nearly half use their home equity account for home improvements

- One in four homeowners currently have a home equity line or loan

- New program includes a customized wealth plan and a full suite of services designed to evolve should circumstances change

- Ideal solution for affluent seniors and their families

- There are currently more than 5.3 million people aged 65+ in Canada

- Ninety-seven per cent of Millennials say they have already filed or plan to file their taxes this year

- They plan to use their tax refunds, or a portion of them, to pay bills and/or reduce debt (37 per cent) or save and/or invest (33 per cent)

- Fewer than half regularly seek out tax-efficient investment options

- Increase expected in potash production; farm-sector growth to normalize

- GDP growth of 1.0 per cent expected in 2015, 2.0 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Employment holding up; still among strongest provinces in Canada

- GDP growth of 0.4 per cent expected in 2015, 1.9 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Stronger U.S. demand, improved business confidence driving growth

- GDP growth of 2.1 per cent expected in 2015, 2.0 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Firm U.S. demand, weak dollar to offset the impact of slowdown in China

- GDP growth of 2.6 per cent expected in 2015, 2.5 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Province to increase capital spending

- GDP growth of 1.1 per cent expected in 2015, 1.3 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Stronger U.S. economy to support growth

- Province led country in employment growth in March

- GDP growth of 2.3 per cent expected in 2015, 2.2 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- GDP growth of 1.9 per cent expected in 2015, 1.7 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Exporters benefiting from weak dollar, sturdy U.S. demand and strong housing market

- GDP growth of 2.5 per cent expected in 2015, 2.4 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Provincial jobless rate rising, but oil prices have stabilized

- GDP contraction of 1.0 per cent expected in 2015, 1.5 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- U.S. economic growth, low dollar to benefit trade and tourism

- Companies in PEI's tourism industry are anticipating a banner year

- GDP growth of 1.6 per cent expected in 2015, 1.5 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- B.C., Ontario, to lead country in economic growth

- GDP growth of 1.8 per cent expected in 2015, 2.2 per cent in 2016

More than 40 communities across Canada will participate

- Most Innovative ETF - BMO Asia High Dividend ETF (3145.HK)

- Best Thematic ETF - BMO Hong Kong Banks ETF (3143.HK)

- Best New ETF - BMO Hong Kong Banks ETF (3143.HK)

Infrastructure Ontario Board Member and BMO Capital Markets Vice-Chair Colleen Campbell appears before U.S. Senate Committee on Ontario's approach to investing in public infrastructure

- BMO report shows Wisconsin parents would rather talk to their kids about the facts of life than finances

- Only about one third of Wisconsin residents believe that kids who are graduating now are well prepared for their financial future

- Talk With Our Kids About Money Day provides resources for teachers and families to help start and continue conversations about money or personal finances

- Only one third of Illinois residents believe that kids who are graduating now are well prepared for their financial future

- Talk With Our Kids About Money Day provides resources for teachers and families to help start and continue conversations about money or personal finances

"BMO Wealth Management" will help clients turn change into opportunity by better aligning BMO's existing wealth businesses

- More than half of Canadian business owners expect to see an increase in their profits this year

- Nearly one-third plan to invest more into their business in 2015

- Lower confidence levels driven by uncertainty in Alberta over falling oil prices

- Manufacturing and exports in Ontario and Quebec get boost from a weaker currency and firm U.S. demand

- U.S. states in the region see ongoing housing recovery

- Region will benefit from the steep slide in oil prices

- "Upsizers" plan to spend $473,900, while first timers budget average of $312,700

- First timers expect an average $37,500 in financial support from family, while upsizers expect $94,780

- Willingness to enter a bidding war increases significantly from a year ago

- Six-in-ten U.S. parents talk to their child about money; fewer than 40 percent have opened a bank account for them

- One fifth of parents give their child an allowance; most give five or fewer dollars per week

- BMO Harris offers tips to help parents teach financial skills to their kids

Mayor John Tory and Ontario Minister Brad Duguid among dignitaries present at the inauguration of one of Toronto's largest accessible playgrounds

New funds deliver growth opportunities from around the world through either active management of ETFs, or direct equity holdings

- First ever Great Lakes Economic Forum focused on accelerating growth

- BMO Chief Economist Doug Porter to deliver State of the Great Lakes Economy address

- Schools in Alberta and Atlantic Canada join Ontario, Quebec and the Prairies in Talk With Our Kids About Money Day to help champion financial literacy

- Program provides resources for teachers and families to help start and continue conversations about money or personal finances

- Report shows Canadians would rather talk to their kids about the facts of life than finances

- After the initial costs of getting settled, immigrants have less than half of their savings left

- Priorities: More than half use their remaining nest egg to save for retirement; two thirds send money back home to friends and family

- Forty-six per cent reported choosing Canada because it is a safe place to live

-New capabilities will enable clients to trade equities and options, view account holdings, and monitor their portfolios in real-time

-BMO Market Pro equips active traders with valuable tools and information to help them stay on top of the markets

- However, millennials are generally less knowledgeable about specific tax implications when compared to Boomers

- They are least confident in their understanding of how specific types of investment income are taxed

- Fifty-three per cent of Millennials will file their taxes before the deadline, with 44 per cent reporting they have already filed

- New account rewards Canadians who save on regular basis with a market-leading interest rate

- BMO Household Savings Report reveals 19 per cent of Canadians did not put any savings aside in 2014

- Nearly half of Canadians feel they are not on track to meet their savings goals in the year ahead

BMO Wealth Management lines of business recognized for their solutions, global and local expertise, financial planning and client service in Canada and Asia

-Women are the primary breadwinners in over 40 percent of American households but only earn 78 cents for every dollar a man makes

-Two thirds of primary caregivers are women

-The challenges many women face in their personal and professional lives can have negative consequences for their finances

- High-net worth Wisconsin residents plan to retire at an average age of 62 and believe they need $2.3 million for an ideal retirement

- Ninety-five percent want to retire in the U.S.

- Travelling, seeing family and loved ones and focusing on their hobbies are how the affluent in Wisconsin would like to spend their golden years

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%