Bank of Montreal

The Bank of Montreal (BMO, pronounced /ˈbm/; French: Banque de Montréal) is a Canadian multinational investment bank and financial services company.

Bank of Montreal
Banque de Montréal
Trade name
BMO Bank of Montreal
BMO Financial Group (US)
Native name
Banque de Montréal
FormerlyMontreal Bank (1817–1822)
Company typePublic
Traded as
TSX: BMO
NYSE: BMO
S&P/TSX 60 component
IndustryFinancial services
Founded
  • Montreal Bank (23 June 1817 (1817-06-23))
    Montreal, Lower Canada
  • Bank of Montreal (22 July 1822 (1822-07-22))
Headquarters
Key people
Services
Revenue Can$31.2 billion (2023)
Net income
Can$4.37 billion (2023)
AUM Can$333 billion (2023)
Total assets Can$1.29 trillion (2023)
Total equity Can$77.0 billion (2023)
Number of employees
55,767 (FTE, 2023)
SubsidiariesBMO Capital Markets
BMO Bank, N.A.
BMO Nesbitt Burns
Moneris
Diners Club International (North America Operations)
Clearpool Group
Lloyd George Management
LGM Investments
AIG Life Insurance Company of Canada
Radicle Group
Air Miles
Websitebmo.com

The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank, making it Canada's oldest bank. In 2023, the company’s seat in Forbes Global 2000 was 84. Its head office is in Montreal and its operational headquarters and executive offices are located in Toronto, Ontario since 1977. It is commonly known by its ticker symbol BMO on both the Toronto Stock Exchange and the New York Stock Exchange. In Feb 2024, it had CA$1.29 Trillion in total assets. The Bank of Montreal swift code is BOFMCAM2 and the institution number is 001. In Canada, BMO has more than 900 branches and more than 1000 in the United States, serving over 13 million customers globally.

In the United States, BMO does business as BMO Financial Group, where it has substantial operations in the Chicago area and elsewhere in the country, where it operates BMO Bank, N.A.. BMO Capital Markets is BMO's investment and corporate banking division, while the wealth management division is branded as BMO Nesbitt Burns. On 12 December 2021, the Bank of Montreal announced the strategic acquisition of Bank of the West from BNP Paribas for US$16.3 billion.

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