Bank of Montreal (TSX:BMO) News and Share PriceFinancial
Bank of Montreal is a leading Canadian financial institution that provides personal and commercial banking, investment options, financial planning, and wealth management services.
The bank commenced its operation as a single branch in a rented house in 1817 and was formerly called Montreal Bank till 1822.
Headquartered in Montreal, Quebec, the Canadian bank has executive offices in Toronto, Ontario, and regional branches in different provinces.
Bank of Montreal and its subsidiaries are together known as BMO Financial Group since 2002.
It is reportedly the fourth largest bank in Canada and among the Big Five Banks in the country.
The bank has more than 850 branches and serves more than six million customers across North America.
The financial institution is listed on the Toronto Stock Exchange under the ticker ‘BMO’.
The Canadian chartered bank caters to different markets and operates under three segments:
Commercial and personal: The bank provides personal and business loans, student loans, various credit cards, investment products and services like retirement planning, estate planning etc., across Canada and the United States.
Wealth Management: Provides wealth, investment and brokerage services through BMO Nesbitt Burns, BMO InvestorLine, BMO Private Banking and BMO Global Asset Management.
• BMO Nesbitt Burns: Manages all aspects of transferring wealth such as tax efficiency, cash management investments, estate planning etc.
• BMO InvestorLine: An online investing service relating to options, mutual funds, equities etc.
• BMO Private Banking: Provides financial solutions like enhanced banking services, investment management, trust and estate services to ultra-high and high-net-worth clients.
• BMO Global Asset Management: Caters to institutional clients worldwide and provides various services, including investment management, custody and trust services.
BMO Capital Markets: It is a full-financial service provider that caters to multiple industries, including energy, healthcare, retail, real estate, IT, financial institutions etc. The bank provides investment products, finance and treasury services, market risk management and capital raising through this segment.
Corporate Secretary's Department Bank of Montreal 100 King Street West 1 First Canadian Place, 21st Floor Toronto, Ontario M5X 1A1