BMO

On August 26, 2026, Bank of Montreal and REX Shares announced the launch of the MicroSectors™ 3× Long MANGOS+ ex Private Companies ETNs (MNGU), due July 31, 2046. Issued by BMO, it began trading today on the NYSE Arca, Inc.

Bank of Montreal delivered a solid fiscal Q3, with adj. ROE improving to 14% and diversified growth across all segments. BMO targets a sustainable 15% ROE by FY 2027, with operational execution and synergies from acquisitions supporting this outlook. At nearly 2x P/B, BMO's valuation already prices in its 15% ROE target, offering little margin of safety or upside.

Bank of Montreal (TSX:BMO) beat analyst estimates in the third quarter, driven by stronger-than-expected results from its US banking and capital markets divisions, even as overall quarterly profit declined. Adjusted earnings per share came in at $2.86, topping estimates of $2.71 and marking a 21.7% increase from $2.35 a year earlier.

I have shifted to a neutral-to-negative stance on most European and North American banks. I have exited the majority of my positions in North American banks, signaling diminished confidence in the sector. Current market conditions and outlook do not justify continued exposure to these banking stocks.

Bank Of Montreal NYSE: BMO reported higher third-quarter adjusted earnings as broad-based revenue growth, lower credit provisions and record pre-provision, pre-tax earnings across its operating segments supported improved returns.

Bank of Montreal aims to launch a share-buyback program after notching improved results from its operations in the latest quarters, despite being slugged by a charge from the sale of assets.

TORONTO, Aug. 25, 2026 /PRNewswire/ -- Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced its intention to purchase for cancellation up to 25 million of its common shares under a normal course issuer bid, subject to the approval of the Office of the Superintendent of Financial Institutions Canada (OSFI) and the Toronto Stock Exchange (TSX). Purchases will be made through the facilities of the TSX and may also be made through other designated exchanges and alternative Canadian trading systems or by such other means as may be permitted by a securities regulatory authority, including under automatic purchase plans, block purchases, private agreements or share repurchase programs under exemption orders issued by securities regulatory authorities (Exemption Orders).

TORONTO, Aug. 25, 2026 /PRNewswire/ -- Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.71 per share on paid-up common shares of Bank of Montreal for the fourth quarter of fiscal year 2026, unchanged from the prior quarter. The Board of Directors also declared dividends of: $0.426 per share on paid-up Class B Preferred Shares Series 44; $36.865 per share on paid-up Class B Preferred Shares Series 50(1); and $35.285 per share on paid-up Class B Preferred Shares Series 52(1).

BMO's Third Quarter 2026 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended July 31, 2026, are available online at www.bmo.com/investorrelations, on the Canadian Securities Administrators' website at www.sedarplus.ca, and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov. Financial Results Highlights Third Quarter 2026 compared with Third Quarter 2025: Reported net income1 of $1,750 million, a decrease of 25% from $2,330 million; adjusted net income1 of $2,859 million, an increase of 19% from $2,399 million Reported earnings per share (EPS)2 of $2.38, a decrease of 24% from $3.14; adjusted EPS1, 2 of $3.96, an increase of 22% from $3.23 Provision for credit losses (PCL) of $722 million, a decrease from $797 million Reported return on equity (ROE) of 8.4%, compared with 11.6%; adjusted ROE1of 14.0%, compared with 12.0% Common Equity Tier 1 (CET1) Ratio3 of 13.0%, compared with 13.5% Year-to-Date 2026 compared with Year-to-Date 2025: Reported net income1 of $6,869 million, an increase of 7% from $6,430 million; adjusted net income1 of $8,143 million, an increase of 21% from $6,734 million Reported EPS2 of $9.30, an increase of 10% from $8.47; adjusted EPS1, 2of $11.11, an increase of 25% from $8.89 PCL of $2,207 million, a decrease from $2,862 million Reported ROE of 11.1%, compared with 10.5%; adjusted ROE1of 13.3%, compared with 11.1% TORONTO, Aug. 25, 2026 /PRNewswire/ -- BMO Financial Group (TSX:BMO) (NYSE:BMO) reported net income for the third quarter ended July 31, 2026 was $1,750 million, compared with $2,330 million in the prior year, and EPS of $2.38, compared with $3.14.

On August 19, 2026, Bank of Montreal and REX Shares announced the launch of a new suite of exchange-traded notes (ETNs). These ETNs, issued by BMO, go live for trading on the Cboe BZX Exchange on Thursday, August 20, 2026.