News Releases

- One-in-three Canadians willing to enter a bidding war when the time comes to buy with competition highest in Toronto and Vancouver

- Current homeowners visited an average of 9.5 homes before buying

- According to BMO Economics, the average transaction price is up nearly 10 per cent year-over-year as of January

- BMO recommends house hunters get pre-approved before setting out on the home buying journey

- Forty-nine per cent invested in mutual funds within their RRSP, 35 per cent chose GICs

- More than half think they contributed as much as they could, two-thirds wish they had been able to contribute more

- Of those expecting a tax refund from their RRSP contribution, 36 per cent plan to save or invest the money and 26 per cent plan to pay down debt

- BMO to become the OSM's season partner for the next five seasons

- The OSM and BMO are a good fit culturally and make a distinct contribution to Montreal's vitality

- Of the seventy-two per cent of Canadians who do plan to travel, 61 per cent will travel within Canada

- Forty-four per cent are worried about having an accident or getting sick while on vacation

- Bad weather, losing something of value while away are also among the top concerns of spring breakers

- To mark International Women's Day, senior executives from across BMO Wealth Management will share their insights on women and the financial services industry

- BMO will also be releasing the results of a new study examining how women feel about the financial sector in Canada

- With the busy home buying season on the horizon, BMO offers tips for house hunters on how to build the biggest down payment possible

- In advance of International Women's Day, BMO hosts a discussion on how women in finance have succeeded in B.C.

- Media will also be provided with the results of a new study on women and the financial services sector

Financial Results Highlights:

First Quarter 2014 Compared with First Quarter 2013:

- Net income of $1,061 million, up 2%; adjusted net income(1) of $1,083 million, up 5%

- EPS(2) of $1.58, up 5%; adjusted EPS(1,2) of $1.61, up 7%

- ROE of 14.2%, compared with 14.9%; adjusted ROE(1) of 14.5%, compared with 14.8%

- Provisions for credit losses of $99 million, compared with $178 million; adjusted provisions for credit losses(1) of $99 million, compared with $96 million

- Basel III Common Equity Ratio is 9.3%