Bank Of Montreal Stock Price, News & Analysis

BMO Financial Group has pre-purchased 1,000 tonnes of carbon removal units utilizing Carbon Engineering's Direct Air Capture (DAC) technology, slated for delivery by a large-scale facility. This CO2 removal method holds the AAA+ rating on the BeZero Carbon Rating Framework, indicating high quality. This initiative supports BMO's commitment to net-zero operations and sustainable financing, reinforcing their leadership in the climate transition sector. The DAC facility is expected to become operational in 2024 and will play a pivotal role in reducing global emissions.

BMO Financial Group has announced a groundbreaking initiative by acting as Co-Lead Green Structuring Agent for Bruce Power, issuing CAD $500 Million in green bonds under the world's first nuclear green finance framework. This framework aims to allocate funds exclusively to projects that promote environmental sustainability, particularly in Bruce Power's Life-Extension Program. BMO is committed to deploying $300 billion in sustainable lending by 2025, reinforcing its leadership in sustainable finance. The framework has received an 'Excellent' governance score from CICERO Shades of Green.

BMO Financial Group will announce its fourth quarter and fiscal 2021 financial results on December 3, 2021, with the results released at 6:00 a.m. ET. An investor community conference call will follow at 8:00 a.m. ET, accessible via telephone and the internet. The presentation materials will be available online, and a rebroadcast of the call will be available until December 28, 2021. Investors can access all related materials through BMO's investor relations webpage.

BMO Financial Group (TSX: BMO) has finalized the sale of its EMEA Asset Management business to Ameriprise Financial, enhancing its focus on North American Wealth Management. This strategic move aims to optimize operational efficiency and allocate resources to areas with a competitive advantage. BMO, a major North American bank with total assets of $971 billion, continues to serve over 12 million customers across various financial services.

BMO Funds, Inc. announced the adjournment of its special joint meeting of shareholders originally set for November 8, 2021, to November 23, 2021. This decision allows shareholders additional time to consider the proposed reorganizations into Columbia Funds Series Trust and related series. The Board has recommended approval for these reorganizations, which were detailed in a combined proxy statement sent to shareholders prior to the meeting. The Corporation aims to ensure that all shareholders can thoroughly evaluate the proposals before voting.

BMO Financial Group announced key executive appointments to enhance its strategic priorities. Deland Kamanga will lead BMO Wealth Management, focusing on private and global asset management. Sharon Haward-Laird is appointed as Executive Committee Sponsor for Sustainability and Digital Currency. Dan Goldman and Levent Kahraman will serve as Co-Heads of Global Markets. All roles are effective November 1, 2021. BMO continues to leverage its strengths in wealth management and is recognized for excellence in various financial services, underscoring its commitment to growth and market leadership.

Lively, Inc. has raised $80 million in a Series C funding round, led by B Capital Group, bringing total funding to over $120 million. The company, known for its innovative health savings account (HSA) platform, has seen rapid growth, partnering with BMO Harris and exceeding $500 million in HSA assets. Lively aims to cross $1 billion in assets by early next year, positioning itself as the fastest-growing HSA provider in the market.