Bank of Montreal BMO

Founded in 1817, the Bank of Montreal is a financial institution that provides comprehensive banking services to individual, retail, corporate, and institutional clients. This financial services provider is based in Montreal, Canada, and operates across North America.

As of March 2022, the Bank of Montreal had a customer base of over 12 million people across the globe, with 8 million personal and commercial customers based in Canada alone. The company is the 8th largest bank in America in regards to asset value, with the Bank of Montreal holding a total of approximately $1,023bn in assets. In 2021, the company acquired the Bank of the West, an acquisition that brought 1.8 million customers to BMO.

The Bank of Montreal conducts its banking and financial services through five operational segments. Savings and chequing accounts, credit cards, mortgages, loans, investments, financial planning, and insurance matters are managed through the Personal segment. Its Wealth division deals with aspects such as investment management and tax planning. The Business and Commercial segments offer business-oriented services. Capital Markets focus on industry and economic insights and viabilities. This company is listed on the New York Stock Exchange, trading its stock under the ticker BMO.

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