News Releases

- 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%