Bank of Montreal (N:BMO)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| Company Contact | |
| Address: | 1 First Canadian Place TORONTO ON M5X 1A1 |
| Tel: | N/A |
| Website: | https://www.bmo.com |
| IR: | See website |
| Key People | ||
| Darryl White Chief Executive Officer, Director | Erminia Johannson Group Head, North American Personal and Business Banking and Co-Head, Personal and Commercial Banking | Tayfun Tuzun Chief Financial Officer |
| Daniel D. Barclay Chief Executive Officer and Group Head, BMO Capital Markets | Darrel H. Hackett U.S. Chief Executive Officer, BMO Financial Corp. | Steve Tennyson Chief Technology Officer and Operations Officer |
| Mona Malone Chief Human Resource Officer and Head of People, Culture & Brand | Piyush Agrawal Chief Risk Officer | Sharon Haward-Laird General Counsel | Nadim Hirji Group Head, BMO Commercial Bank, North America and Co-Head, Personal and Commercial Banking |
| Business Overview |
| Bank of Montreal (BMO) is a Canada-based company, which offers a wide range of personal banking services. The Company is engaged in providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to customers across Canada, the United States, and in select markets globally. The Company offers services, such as bank accounts, credit cards, mortgages, loans, investments, creditor insurance, and travel insurance. The Company's segments include P&C, U.S. P&C, Total P&C, BMO Wealth Management, BMO Capital Markets, and Corporate Services. Its bank accounts include checking accounts, and savings accounts. Its credit card services include no fee, low interest, cash back, BMO Rewards, AIR MILES, travel, and lifestyle. Its credit cards include BMO eclipse Visa Infinite Card, BMO Ascend World Elite Mastercard, BMO eclipse Visa Infinite Privilege Card, BMO Preferred Rate Mastercard and BMO CashBack Mastercard. |
| Financial Overview |
| For the three months ended 31 January 2024, Bank of Montreal interest income increased 39% to C$15.85B. Net interest income after loan loss provision increased 8% to C$4.09B. Net income applicable to common stockholders increased from C$95M to C$1.25B. Net interest income after loan loss provision reflects U.S. P&C segment increase of 24% to C$1.77B, Wealth Management segment increase of 2% to C$312M, Net Interest Margin. |
| Employees: | 55,767 as of Oct 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $151,489M as of Jan 31, 2024 |
| Annual revenue (TTM): | $43,930M as of Jan 31, 2024 |
| EBITDA (TTM): | $16,116M as of Jan 31, 2024 |
| Net annual income (TTM): | $3,712M as of Jan 31, 2024 |
| Free cash flow (TTM): | $2,631M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $84,167M as of Jan 31, 2024 |
| Shares outstanding: | 725,431,656 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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