News Releases

- Annual equestrian team competition ends with Switzerland crowned as champions

- Almost 90,000 dedicated fans attended the 2016 event

- Competing countries are the top International Equestrian teams

- 2016 Canadian Team includes Eric Lamaze, Tifanny Foster, Amy Millar and Kara Chad

- Team Brazil back to defend its title after hosting the 2016 Olympic Summer Games

- Families can enjoy free activities at the BMO Fan Centre and fun activities throughout the event

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

- Event to feature panel discussions on key issues including "The Future of REITs" and "Millennial Mania"

- Arne Duncan, Former U.S. Secretary of Education, to be keynote speaker

- Executive panel discussions on topics including digital trends, international expansion and big data

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

- Conference expanded this year to include representatives from the information services sector

- Arne Duncan, Former U.S. Secretary of Education, to be keynote speaker

- Executive panel discussions on topics including digital trends, international expansion and big data

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

- Conference expanded this year to include representatives from the information services sector

- Millennials worry about savings more than any other age group

- Over 40 percent of Americans are concerned about being unprepared for unexpected expenses

Financial Results Highlights:

Third Quarter 2016 Compared with Third Quarter 2015:

- Net income of $1,245 million, up 4%; adjusted net income(1) of $1,295 million, up 5%

- EPS(2) of $1.86, up 3%; adjusted EPS(1, 2) of $1.94, up 4%

- ROE of 13.0%, compared with 13.6%; adjusted ROE(1) of 13.5%, compared with 14.0%

- Provisions for credit losses of $257 million, compared with $160 million

- Basel III Common Equity Tier 1 Ratio of 10.5%

Year-to-Date 2016 Compared with Year-to-Date 2015:

- Net income of $3,286 million, up 3%; adjusted net income(1) of $3,625 million, up 6%

- EPS(2) of $4.90, up 3%; adjusted EPS(1, 2) of $5.42, up 6%

- ROE of 11.4%, compared with 12.3%; adjusted ROE(1) of 12.6%, compared with 13.2%

- Provisions for credit losses of $641 million, compared with $484 million

- The Asia Pacific (ex-Japan) ETF industry has surpassed US$123 billion and experienced record net inflows of US$11 billion in the first half of 2016

- Growing use of smart beta and fixed income ETFs

- Millennials are on par with older generations for setting budgets in advance of a season of high spending

- Millennials are the most likely age group to pay off their credit card balances in full, and the least likely age group to carry a large credit card balance

- Millennials are the least likely of any age group to use summer as an excuse to spend without considering long-term implications

- The most important financial priority for Millennials is to save more, while those aged 55 and over prioritize investing effectively and tax efficiency

- Twenty-nine per cent of Canadians are concerned they will not be able to save enough to reach their financial goals

- Millennials are more likely to have savings concerns (35 per cent) compared to Boomers (29 per cent)

- The Canadian ETF industry has crossed the C$100 billion milestone and has experienced C$10.6 billion in inflows year to date

- Trends include increased use of smart beta and fixed income ETFs