Bank Of Montreal (BMO) News
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BMO News Highlights
- BMO's 30 day story count now stands at 20.
- Over the past 20 days, the trend for BMO's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- The most mentioned tickers in articles about BMO are TOP, TREE and AVT.
Latest BMO News From Around the Web
Below are the latest news stories about BANK OF MONTREAL that investors may wish to consider to help them evaluate BMO as an investment opportunity.
BMO and Tree Canada give urban tree cover a boost in cities across Canada on National Tree DayOn September 20, over 1,500 volunteers will join Tree Canada and BMO employees to celebrate National Tree Day in 17 communities across every province. |
BMO Expands Employee Benefits for Canadian Military Reservists and their FamiliesAs the Official Bank of the Canadian Defence Community, BMO has announced expanded benefits for its employees who are members of the Canadian military community and their families. Effective October 1, 2023, these BMO employees will be eligible for a Military Leave Top-Up as a Military Reservist and Military Family Leave where an employee has a family member who is a Military Reservist. |
After losing 2.1% in the past year, Bank of Montreal (TSE:BMO) institutional owners must be relieved by the recent gainKey Insights Given the large stake in the stock by institutions, Bank of Montreal's stock price might be vulnerable to... |
BMO to close auto retail finance business amid rising bad debtBank of Montreal (TSX:BMO), also known as BMO Financial Group, has announced plans to shutter its indirect retail auto finance business. This decision comes in the wake of escalating bad debt provisions and a desire to reallocate resources, as reported on Monday. |
BMO Financial Group exits indirect auto lending to focus on core strengthsIn a significant move, the Bank of Montreal (BMO) has announced its exit from the retail auto finance business, as it aims to concentrate resources on areas where its competitive positioning is strongest. The decision was confirmed by BMO spokesperson Jeff Roman on Thursday, September 15, 2023. |
CORRECTED-UPDATE 3-Canada's BMO to close indirect retail auto finance business, flags job lossesBank of Montreal (BMO) is winding down its indirect retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third-largest bank said. The bank, which announced the move on Saturday, has conducted this business in Canada and the United States. Under the indirect retail auto finance business, the bank works with car dealerships to arrange financing for buyers, who make monthly payments to the lender. |
Canada's BMO to close indirect retail auto finance business, flags job lossesBank of Montreal (BMO) is winding down its indirect retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third-largest bank said. The bank, which announced the move on Saturday, has conducted this business in Canada and the United States. Under the indirect retail auto finance business, the bank works with car dealerships to arrange financing for buyers, who make monthly payments to the lender. |
Canadian lender BMO to wind down retail auto finance businessBank of Montreal (BMO) is winding down its retail auto finance business and shifting focus to other areas in a move that will result unspecified number of job losses, Canada's third largest bank said on Saturday. The move, applicable in Canada and the United States, comes after BMO's bad debt provisions in retail trade surged to C$81 million ($60 million) in the quarter ended July 31 compared with a recovery of C$9 million a year ago, in a sign of growing stress consumers face from a rapid rise in borrowing costs. "By winding down the indirect retail auto finance business, we have the ability to focus our resources on areas where we believe our competitive positioning is strongest," BMO said in a statement to Reuters. |
BMO Releases wîcihitowin - 3rd Annual Indigenous Partnerships and Progress Report and Announces New Indigenous Advisory Council MembersBMO today released wîcihitowin (pronounced: wee-chih-hito-win), its 3rd annual Indigenous Partnerships and Progress Report. BMO engages with Indigenous customers, colleagues, and communities across three pillars—Education, Employment and Economic Empowerment—that rest on a platform of Zero Barriers to Inclusion for all. A nehiyawewin/Cree term meaning "helping and supporting each other", wîcihitowin highlights BMO's partnerships with and commitment to Indigenous communities with inspiring storie |
BMO Real Financial Progress Index: Americans Consider Side Hustles and Investing Amid Rising Financial AnxietyThe latest BMO Real Financial Progress Index reveals that amid current economic conditions, such as inflation and rising interest rates, 4 out of 5 (80 percent) Americans say their financial situation is causing them financial anxiety with most (82 percent) interested in seeking advice on personal finance goals to improve their situation. |