Flush with cash, Canada banks poised for expansion and takeovers [Business News Network (BNN) Energy & Resources (Canada)]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
bmo.com/main/about-bmo/banking/investor-relations/home
Company Research
Source: Business News Network
Flush with cash, Canada banks poised for expansion and takeovers Canadian banks have amassed their biggest war chest in five years -- and they’re ready to use it. The country’s six largest lenders are approaching their strongest capital position since 2013, leaving them with enough resources to pursue acquisitions, buy back shares or build from within. That has the chiefs of Canada’s big banks weighing options. “It’s great to have this capital flexibility," Royal Bank of Canada Chief Executive Officer David McKay told reporters last week after the country’s largest lender held its annual meeting in Toronto. “We’ll continue to return capital, we’ll continue to grow and we have flexibility with our strong capital ratios to make an acquisition if necessary." The average of the banks’ common equity Tier 1 Capital ratio, a measure of financial strength, stands at 11 per cent and would be 11.4 per cent after adjusting for capital requirement revisions made this year by Canada’s bank regulat
Show less
Read more
Impact Snapshot
Event Time:
BMO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BMO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BMO alerts
High impacting Bank Of Montreal news events
Weekly update
A roundup of the hottest topics
BMO
News
- The Michaels Organization Hosts Ribbon Cutting for New Affordable Multifamily Community in Fort Lupton, CO [Yahoo! Finance]Yahoo! Finance
- BMO to Redeem Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 27 (Non-Viability Contingent Capital (NVCC))PR Web
- Homes For Heroes and Bank of Montreal Join Forces [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Homes For Heroes and Bank of Montreal Join Forces [Yahoo! Finance]Yahoo! Finance
- BMO Announces Reverse Split of Two Series of ETNs [Yahoo! Finance]Yahoo! Finance
BMO
Earnings
- 2/27/24 - Beat
BMO
Analyst Actions
- 3/20/24 - Barclays PLC
BMO
Sec Filings
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- 4/24/24 - Form FWP
- BMO's page on the SEC website