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Bank of Montreal News

News on Bank of Montreal continually updated from thousands of sources around the net.

7 hrs ago | Bloomberg.com

Bank of Montreal's Profit Gains 16% on Lending, Fewer Bad-Loan Provisions

Bank of Montreal , the first Canadian bank to report fourth-quarter results, said profit rose 16 percent to its highest in more than two years on increased business lending and lower provisions for bad loans.

Comment?

Related Topix: Banking, Financial Services

Wed Nov 25, 2009

The Winnipeg Free Press

Police looking for several robbers

Police are looking for a female suspect in connection with a robbery at a Bank of Montreal branch in the 300 block of Portage Avenue yesterday afternoon.

Comment?

Related Topix: Financial Services, Banking, Travel

The Winnipeg Free Press

Most actively traded companies on the TSX, TSX Venture Exchange markets

Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange : Manulife Financial Corp.

Comment?

Related Topix: Financial Services, Insurance, Manulife Financial, Canada, Banking, Travel

Slam Sports

Stocks open weak as U.S. third quarter GDP growth revised downward

North American stock markets got off to a weak start Tuesday after data showed weaker than expected economic growth in the U.S. during the third quarter.

Comment?

Related Topix: Financial Markets, Canada, Travel, China Travel, Canada Travel, Banking, Financial Services, Winter Sports, Curling

Tue Nov 24, 2009

Seeking Alpha

Bank of Montreal: Playing Tight with Performance Bonuses

The first of Canada's big banks to report fourth quarter numbers, Bank of Montreal rode an upswing in retail banking and strong capital markets performance to better-than-expected results.

Comment?

Related Topix: Financial Services, Banking

Canada.com

BMO buys Diners Club in North America

The deal gives BMO exclusive rights to issue Diners Club cards to corporate and professional clients in the U.S. and Canada.

Comment?

Related Topix: Financial Services, Citigroup, Banking

CKNW News Talk 980

Bank of Montreal Q4 profit rises to $647 million; revenue rises to $3 billion

Bank of Montreal said Tuesday its latest quarterly profit rose 16 per cent from the year-earlier level as revenues increased, provisions for loan losses were reduced and its Canadian operations showed strong profit growth.

Comment?

Related Topix: Financial Services, Banking

Globeinvestor.com

BMO, TD Bank spur launch of emissions fund

A first-of-its-kind voluntary emissions reduction fund for large Canadian corporations is getting off the ground after securing Bank of Montreal and Toronto-Dominion Bank as initial investors.

Comment?

Related Topix: Financial Services, Banking

Mon Nov 23, 2009

The Victoria Star

Manulife buys 49 per cent interest in China-based Abn Amro Teda Fund

Manulife Financial Corp. is expanding its Chinese operations with a deal to buy Fortis Bank's 49 per cent interest in China-based ABN AMRO TEDA Fund Management Co.

Comment?

Related Topix: Financial Services, Insurance, Manulife Financial, World News, China, Asia, Banking, Sun Life Financial

Sun Nov 22, 2009

Bloomberg.com

Canadian Banks May Report First Profit Growth in Two Years on Equity Sales

Canadaa s biggest banks may report their first profit increase in two years on record equity sales and rising trading revenue as shares of the companies trade at the highest levels since 2007.

Comment?

Related Topix: 9, Banking, Financial Services

Red Deer Advocate

Banks bounce back

Canadaa s biggest banks are expected to report a relatively strong finish to the financial year when they start reporting fourth-quarter earnings Tuesday, but their capital markets divisions could leave investors jittery about the future.

Comment?

Related Topix: Financial Services, Banking

Lethbridge Herald

Investors to get updated look at banks' financial health starting next week

The Toronto stock market is entering the last full week of November trading amid another wave of worry about the strength of an economic rebound, while investors will get a look at the health of the big Canadian banks.

Comment?

Related Topix: Banking, Financial Services

Lacombe Globe

Goode will step in as new chamber president in 2010

LACOMBEa ' BMO Bank of Montreal employee Tim Goode will head the Lacombe and District Chamber of Commerce beginning in the new year.

Comment?

Related Topix: Financial Services, Banking

Sat Nov 21, 2009

Red Deer Advocate

Take Stock - November 19

Banks to cut mortgage rates Several of Canadaa s big banks said Wednesday they would cut their posted rates for fixed-rate mortgages by up to 0.25 percentage points.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services, Cellphones

Fri Nov 20, 2009

The Victoria Star

Business digest

Finance Minister Jim Flaherty is proposing a voluntary code of conduct for credit- and debit-card companies that he says will "level the playing field" for consumers and small businesses alike.

Comment?

Related Topix: Travel, Canada Travel, Financial Services, Banking

Thu Nov 19, 2009

Slam Sports

Consumers need to prepare for higher mortgage rates next year: advisers

The Canadian housing market has seen a stronger and faster rebound from the recession than any other segment of the economy, due in large part to enticingly low mortgage rates.

Comment?

Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Winter Sports, Curling

Toronto Sun

Murder in Ajax parking lot

The parking lot in front of The Keg steakhouse and the Bank of Montreal, located in a plaza on the northwest corner of Salem and Kingston Rds.

Comment?

Related Topix: Canada, Banking, Financial Services

The Victoria Star

Business journal

The Royal Bank cut its rates for one, two and three-year closed mortgages by 0.20 percentage points, effective Thursday.

Comment?

Related Topix: North America, Canada, World News, Travel, Canada Travel, Home, Mortgage, Personal Finance, Banking, Financial Services, Prison

Tue Nov 17, 2009

Institutional Investor

BMO Hires Seven Energy Bankers

Bank of Montreal has hired a team of seven bankers to lead acquisition and divestiture services, Bloomberg reports.

Comment?

Related Topix: Financial Services, Banking

Mon Nov 16, 2009

Penticton Herald

BMO Capital Markets buys global securities lending team from Paloma Securities

The investment and corporate banking arm of BMO Financial Group said Monday it has signed a deal with Paloma Securities to acquire the company's global securities lending business.

Comment?

Related Topix: Financial Services, Banking

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