News Releases

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

Corporate cardholders will be able to use selfies and fingerprint scans to verify their identify when making online purchases

- The average amount Canadians have taken out of their RRSPs is $15,908

- The top reasons for making a withdrawal include to buy a home, pay off debt, and pay for living expenses

- Rather than withdrawing money from your RRSP, consider building a contingency fund in a TFSA or savings account for future needs

Financial Results Highlights:

First Quarter 2016 Compared with First Quarter 2015:

- Net income of $1,068 million, up 7%; adjusted net income(1) of $1,178 million, up 13%

- EPS(2) of $1.58, up 8%; adjusted EPS(1, 2) of $1.75, up 14%

- ROE of 10.9%, compared with 11.8%; adjusted ROE(1) of 12.1%, compared with 12.3%

- Provisions for credit losses of $183 million, compared with $163 million

- Basel III Common Equity Tier 1 Ratio of 10.1%

- Industry leaders from 28 countries and six continents to attend one of the largest metals and mining investor conferences in the world

- Company presentations accessible via Webcast

- Research analysts available for comment

- Fifty-nine per cent of Canadians miss or will miss employment income from their working life in retirement

- Sixty-seven per cent think that running out of money is the biggest challenge in retirement

- Fifty-five per cent have a positive outlook when thinking about their retirement years

Four new additions are structured to provide investors with access to key sectors and global markets

- Leanne Portuza and Hussein Weid named winners of the BMO Junior Reporter Contest; will act as BMO's official Junior Reporters throughout NBA All-Star 2016

- New ETFs are structured to help manage market highs and lows

- Both are currency hedged, offering Canadians more choice in how they invest

- With these additions, BMO AM's low volatility lineup now stands at six listings

- One fifth of Canadian couples currently don't share any of their finances, with maintaining a sense of independence cited as a top reason

- Half of Canadians have lied to their partner about their finances at some point; those in more serious relationships are less inclined to keep things hidden

- The BMO(R) PlanShare feature offers Canadian couples the ability to save on banking fees and choose a level of privacy that works for them

- More than half of Canadians have a TFSA, with an average of $17,133 in their accounts

- Less than a quarter of Canadians consider themselves to be 'very knowledgeable' about TFSAs

- One-in-ten TFSA holders contributed more than their limit in 2015

- Smart beta, fixed income and currency exposure continue to be key trends in the industry

- BMO's ETF business led the Canadian ETF industry in net new assets for the fifth consecutive year

- Canadian ETF industry assets are expected to reach $250 billion in AUM by 2021

- Sixty-one per cent will be making a contribution before the February 29th deadline, down three per cent from last year

- For those who have already contributed, the average amount is $3,984 (up from $3,738 last year); for those planning to contribute, the average amount is $3,327 (up from $2,892)

- Knowledge gap: just 41 per cent are very familiar with the program

Longer lifespans, paired with drop in birth rates, create drag on global productivity growth - emerging markets buck trend