News Releases

- New service first of its kind from a major Canadian financial institution - another example of how BMO is enhancing the customer experience through innovative products and services

- Fastest way to open an account via smartphone and eliminates need to go to the branch or download an app

- Addresses customers' mobile-first mindset and increasing expectation of speed and convenience

- Marks the largest fundraising event held during Toronto's Pride Month celebrations

- To date, the Run has raised more than $1 million for local charities that support the lesbian, gay, bisexual and transgender (LGBTQ+) community

- New office provides expanded and dedicated commercial banking resources and local expertise.

- Move builds off BMO's long history in Texas, and augments recent acquisition of Irving-based BMO Transportation Finance team, which has approximately 180 employees in the Dallas/Fort Worth Area and is led by Dan Clark.

- Office has ambitious growth plans, as it is expected to double in size over next 2-3 years.

- Now offering the lowest cost fixed income ETFs in Canada

- Management fees on broad fixed income ETFs reduced by more than 50 per cent

Over Half of Business Owners and Executives Surveyed Expect Their Investment in Innovation to Increase

Acquisition adds experienced M&A team, expands footprint and deepens focus on key industries

Financial Results Highlights:

Second Quarter 2016 Compared with Second Quarter 2015:

- Net income of $973 million, down 3%; adjusted net income(1) of $1,152 million, up 1%

- EPS(2) of $1.45, down 3%; adjusted EPS(1,2) of $1.73, up 1%

- ROE of 10.1%, compared with 11.4%; adjusted ROE(1) of 12.1%, compared with 13.2%

- Provisions for credit losses of $201 million, compared with $161 million

- Basel III Common Equity Tier 1 Ratio of 10.0%

- Dividend increased by $0.02 or 2% from the preceding quarter to $0.86

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

- Net income of $2,041 million, up 2%; adjusted net income(1) of $2,330 million, up 7%

- EPS(2) of $3.03, up 3%; adjusted EPS(1,2) of $3.48, up 7%

- ROE of 10.5%, compared with 11.6%; adjusted ROE(1) of 12.1%, compared with 12.8%

- Provisions for credit losses of $384 million, compared with $324 million

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

- First-Time Budget for 2016 has risen to $246,378, an increase of 27.5 percent since 2014

- Expected down payment is 10 percent

- Majority of first-time buyers have made lifestyle cutbacks to save money

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

Report Findings to Support Implementation of Specialized Programs within the Bank

Measures the Bank's Strong Commitment to Gender Equality

- The BMO Women in Leadership Fund invests in North American companies that promote gender-diverse leadership

- BMO Investments Inc. has also launched BMO Fossil Fuel Free Fund, a socially responsible investment (SRI) strategy that excludes companies primarily involved in the development and infrastructure of fossil fuels

- The two funds provide Canadians with more choice and the opportunity to make investments that reflect their personal principles

- Millennials view home ownership as an important investment rather than an important milestone, and as a means to, potentially, build equity

- Three quarters express not feeling pressured to own property by a certain age or life stage

- Two thirds agree they have other priorities or goals before purchasing a home

- Ontario and Quebec supported by competitive currency and firm U.S. demand

- U.S. states in the region see ongoing housing and consumer expansion tempered by the strong U.S. dollar

- Lower oil price environment should reduce costs through the manufacturing supply chain

BMO Wealth Management's John Waters answers the top five tax-related questions in a new online video series

- Today is Talk With Our Kids About Money Day (TWOKAM), an educational program created by the Canadian Foundation for Economic Education (CFEE) in partnership with BMO Financial Group

- Schools in British Columbia and Newfoundland Labrador have now joined TWOKAM making it a national program in 4,000 schools with participation from coast to coast

- The program, which is aligned with provincial school curricula, provides resources for teachers and families to help start and continue conversations about money and personal finances

Partnership Will Support Innovation Program for Top National Fintech Startups

Latest white paper makes the case for incorporating alternatives in traditional 60/40 equity/bond portfolio split

- Millennials on average expect to spend $350,000 on their first home, with two thirds anticipating $35,000 of that amount via familial assistance for a 15 per cent down payment

- Many millennials rent their home rather than buying because of affordability, with one third unsure of whether they'll ever be able to buy a home

- Half are most concerned with being able to afford their monthly mortgage payments once they buy