Bank of Montreal reports developments across a diversified North American banking franchise that includes personal and commercial banking, wealth management, capital markets, global markets and investment banking. Company news commonly covers financial results, dividend actions, client and market research, U.S. and Canadian banking activity, and expansion of wealth management services.
BMO updates also include technology and infrastructure initiatives tied to applied artificial intelligence, quantum capabilities, tokenized cash, payments and institutional settlement. Sustainable finance is another recurring theme, including labelled bond activity and frameworks connected to green, social and transition finance categories.
Stonepeak has completed its acquisition of BMO Financial Group’s (BMO) Transportation Finance and Vendor Finance businesses and launched Longview Capital Solutions.
The acquired businesses operate in the United States and Canada. Longview is an independent commercial equipment finance company with two business lines: Longview Transportation Finance and Longview Vendor Finance. Gary Kempinski serves as chief executive officer. Stonepeak plans to continue investing alongside management in Longview’s capital solutions, technology and capabilities.
Customers will retain their existing teams, systems, relationships, agreements and service arrangements, with no material operational changes at this time. Under a transition services arrangement, BMO will continue servicing and originating current and future loans on Longview’s behalf during the transition period.
BMO Financial Group (BMO) has closed the previously announced sale of its Transportation Finance and Vendor Finance businesses to Stonepeak. At closing, BMO transferred approximately 75% (C$11 billion) of the estimated C$14.5 billion combined loan and lease portfolio. The remaining balances are expected to transfer in the first quarter of fiscal 2027, subject to customary conditions.
BMO retains a 19.9% interest in the Stonepeak-managed acquiring entity and will provide transition services. The businesses will operate as Longview Capital Solutions. BMO expects the transaction to improve its common equity Tier 1 (CET1) ratio, a measure of bank capital strength, by approximately 23 basis points in the fourth quarter of fiscal 2026.
BMO (BMO) will host its inaugural Technology and Innovation Leaders Conference on November 12, 2026, at New York's InterContinental Barclay Hotel. Its technology research and capital markets teams will host discussions with leaders from more than 100 public and private companies. The agenda includes company presentations, panels and one-on-one meetings covering fields such as artificial intelligence, cybersecurity and fintech.
BMO (BMO) will host its inaugural Financials Conference through BMO Capital Markets on November 9-10, 2026, in Boca Raton, Florida. The company expects more than 70 public and private companies to participate. Discussions will cover financial services market trends and business strategies across asset and wealth management, insurance, business services and payments. The conference will be held under Chatham House Rules.
BMO (BMO) has been named to Forbes' 2027 list of America's Most Trusted Companies for the second consecutive year. Forbes evaluated more than 2,000 eligible companies and ranked 300 using more than 50 metrics across five areas. The methodology draws on employee ratings and workforce data, consumer research, financial performance, and media sentiment, with companies evaluated relative to sector peers.
BMO (BMO) appointed Tim Cox U.S. Country Head and CEO of its U.S. subsidiaries, effective November 1, 2026. Cox will lead BMO Financial Corp. and BMO Bank N.A., report to CEO Darryl White, join the Executive Committee and chair the U.S. Management Committee. Darrel Hackett intends to retire as U.S. CEO and will transition to Executive Vice-Chair and Senior Advisor effective November 1.
BMO (BMO) received Responsible AI Leadership recognition in the 2026 Evident AI Index, which assesses banks' artificial intelligence capabilities. It earned the highest available scores for Responsible AI principles, executive engagement and integration into governance and strategy. BMO ranked #2 among 50 banks for reported AI use-case outcomes, among the top 20 overall, and first in the Responsible AI Process indicator group.
Bank of Montreal (BMO) and REX Shares are launching four MicroSectors™ leveraged Exchange Traded Notes (ETNs) that begin trading tomorrow on the Cboe BZX under tickers XLCU, XLCD, XLPU and XLPD.
The notes provide 3× leveraged long or -3× leveraged short daily exposure to VettaFi indices tracking the State Street Communication Services Select Sector SPDR ETF (XLC) and Consumer Staples Select Sector SPDR ETF (XLP), and mature on July 31, 2046. The ETNs are intended as daily trading tools for sophisticated investors, are not designed for “buy and hold” use, may diverge materially from 3× index performance over time due to daily resetting and fees, and are senior unsecured obligations subject to BMO’s credit risk.
BMO Financial Group (BMO) has completed the sale of 138 U.S. branches to First-Citizens Bank & Trust Company (First Citizens Bank) as of September 4, 2026.
The divested branches are in eight states, plus select locations in Minnesota, Oregon, and Illinois. BMO said the transaction supports its strategy to optimize its U.S. financial center network and redeploy capital and resources to markets with stronger client engagement and long-term growth potential.
BMO (NYSE:BMO) has been named the exclusive Official Bank of the Los Angeles Lakers under a new long-term partnership starting with the 2026-27 NBA season. BMO will be integrated into training camp, gameday courtside experiences, fan engagement and community programs across Southern California.
Key elements include Lakers Training Camp Presented by BMO with the bank’s logo on new practice jerseys, naming rights to the BMO Courtside Reserve floor seats and club, a League of Stars legacy program highlighting Lakers Legends, and joint financial empowerment and small business initiatives.