Bank of Montreal

BMO Announces Executive Appointments

BMO named Tim Cox as U.S. Country Head and CEO of its U.S. subsidiaries BMO Financial Corp. and BMO Bank N.A., effective November 1, 2026. Cox, U.S. General Counsel since 2022 and a BMO veteran since 2010, will report to Group CEO Darryl White and chair the U.S. Management Committee. Darrel Hackett, U.S. CEO for the past several years after 22+ years at BMO, will retire from that role and move to Executive Vice-Chair and Senior Advisor. The transition is an orderly, well-planned succession for BMO's U.S. franchise — the bank's largest growth market — with continuity preserved through Hackett's advisory role.

•4d ago

BMO: 6-K · debt financing

Bank of Montreal filed a Form 6-K containing the underwriting agreement for its US$1,000,000,000 offering of 7.375% Fixed Rate Reset Limited Recourse Capital Notes, Series 7 (NVCC) (Subordinated Indebtedness), priced at 100.000% of principal with a September 16, 2026 issue date. The notes mature on November 26, 2086 (60 years), with the first interest reset on November 26, 2036, when the rate resets to the five-year U.S. Treasury rate plus 2.579%. Net proceeds of US$990,000,000 after a 1.000% underwriting commission go to general banking purposes and are expected to qualify as Additional Tier 1 regulatory capital. BMO Capital Markets Corp. leads the syndicate with a US$400,000,000 allocation, joined by Barclays, Citigroup, Goldman Sachs, Morgan Stanley and UBS Securities at US$100,000,000 each. The notes are limited-recourse instruments backed by 1,000,000 Series 56 NVCC preferred shares held in BMO LRCN Trust, which convert into common shares if a non-viability Trigger Event occurs.

SEC 6-K•1mo ago

BMO: 6-K · debt financing

Bank of Montreal filed a Form 6-K on September 15, 2026 transmitting closing legal opinions for its issuance of US$1,000,000,000 principal amount of Floating Rate Notes due 2028, issued as part of its Senior Medium-Term Notes, Series J program. The notes were sold under a distribution agreement dated March 25, 2025 and a terms agreement dated September 11, 2026, both with BMO Capital Markets Corp., and draw on the Bank's US$75 billion F-3 shelf registration (File No. 333-285508). The notes were issued under an indenture dated January 25, 2010 with Computershare Trust Company, N.A. as trustee, as supplemented most recently by the Fifth Supplemental Indenture dated August 14, 2025. Sullivan & Cromwell LLP, as U.S. counsel, and Osler, Hoskin & Harcourt LLP, as Canadian counsel, each opined that the notes are valid and legally binding obligations of the Bank, subject to customary bankruptcy, insolvency, and creditors'-rights qualifications. The filing is procedural in nature, containing no new financial results or unusual terms, and the US$1 billion issuance represents routine funding activity for a bank of BMO's scale.

SEC 6-K•1mo ago

REG-Bank of New York Mellon FRN Variable Rate Fix - Replacement

Bank of New York Mellon, acting as agent bank, published a replacement rate-fix notice for Bank of Montreal's Series CBL45 EUR 750 million floating rate note due September 2029. The rate determined for the 91-day period from Sep 4, 2026 to Dec 4, 2026 is 2.866%, implying interest of 7.24 per EUR 1,000 denomination, or about EUR 5.43 million in total, payable Dec 4, 2026. The 'replacement' element is administrative only -- the source and contact were updated to Bank of New York Mellon and all other details from the original Sep 11 announcement are unchanged. No terms, ratings, or payment obligations were altered.

•1mo ago

BMO Completes Sale of 138 U.S. Branches to First Citizens Bank

BMO Financial Group has completed the sale of 138 U.S. branches to First-Citizens Bank & Trust Company, closing out a divestiture that was previously announced. The branches sold are located in North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma, and Idaho, along with select locations in Minnesota, Oregon, and Illinois. BMO frames the deal as part of its strategy to optimize its U.S. financial center network and redeploy capital and resources toward markets with stronger client engagement and long-term growth potential. With $1.5 trillion in total assets as of July 31, 2026, BMO is the eighth-largest bank in North America, so the divested branch network represents a small slice of its overall footprint.

•1mo ago

BMO: 6-K · debt financing

Bank of Montreal filed a Form 6-K on September 4, 2026 attaching legal opinions from Sullivan & Cromwell LLP and Osler, Hoskin & Harcourt LLP in connection with its issuance and delivery of US$1,250,000,000 principal amount of 5.099% Fixed/Floating Rate Senior Notes due 2030. The notes form part of BMO's Senior Medium-Term Notes, Series J program and were sold off its US$75 billion Form F-3 shelf (File No. 333-285508) under a terms agreement dated September 1, 2026, with BMO Capital Markets Corp., BofA Securities, Deutsche Bank Securities, Natixis Securities Americas, SG Americas Securities and Wells Fargo Securities acting as representatives of the agents. Both counsel opined that the notes were duly authorized and constitute valid, legally binding obligations of the Bank. The filing reflects routine debt funding with no disclosed adverse developments.

SEC 6-K•1mo ago

BMO: 6-K · periodic report

Bank of Montreal filed a Form 6-K with Exhibit 99.1 disclosing its earnings coverage ratios for the twelve months ended July 31, 2026, as required under Section 8.4 of National Instrument 44-102 Shelf Distributions. This is a routine statutory disclosure for a Canadian bank with shelf-distributed securities, not a new earnings report. Coverage on the bank's subordinated indebtedness improved to 29.36 times for the twelve months ended July 31, 2026, from 26.32 times in the prior period, while combined interest and grossed-up dividend coverage on subordinated debt, Class B preferred shares and other equity instruments rose to 13.38 times from 12.70 times. The improvement reflects stronger underlying earnings: earnings before interest on subordinated indebtedness and income tax were $12,771.03 million for the trailing twelve months, up from $11,989.87 million a year earlier, against combined interest and dividend requirements of $954.70 million.

SEC 6-K•2mo ago

BMO: 6-K · foreign private issuer

Bank of Montreal filed a Form 6-K on August 25, 2026 containing Sarbanes-Oxley Section 302 officer certifications for its quarterly report covering the period ended July 31, 2026. The certifications are made under Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934. CEO Darryl White and CFO Rahul Nalgirkar each certified that the quarterly report contains no untrue statements of material fact and fairly presents the bank's financial condition, results of operations, and cash flows. Neither officer disclosed any significant deficiencies, material weaknesses in internal control over financial reporting, or fraud involving management. The filing contains no financial figures or new operational developments and serves a purely procedural purpose, incorporating the certifications by reference into BMO's F-3 and S-8 registration statements. Corporate Secretary Pascale Elharrar co-signed the report on behalf of the registrant.

SEC 6-K•2mo ago

BMO and REX Shares Launch MicroSectors™ 3× Long and -3× Short Brazil, Japan and Taiwan ETNs (Cboe BZX: BRZL, BRZD, JPNU, JPND, TAWN, TPEI)

Bank of Montreal and REX Shares launched six MicroSectors ETNs offering 3x leveraged long and short exposure to the equity markets of Brazil, Japan, and Taiwan. The notes are unsecured senior obligations of BMO linked to indices tracking the iShares MSCI Brazil (EWZ), Japan (EWJ), and Taiwan (EWT) ETFs. Trading begins tomorrow on the Cboe BZX Exchange under the tickers BRZL, BRZD, JPNU, JPND, TAWN, and TPEI, with a maturity date of July 31, 2046.

•2mo ago

BMO and REX Shares Launch MicroSectors™ 3× Long and -3× Short High Yield and Investment Grade Corporate Bond ETNs (Cboe BZX: HYGU, HYGD, LQDU, LQDD)

BMO and REX Shares launched four new MicroSectors ETNs offering 3x leveraged long and short exposure to high-yield and investment-grade corporate bond indices. The HYGU, HYGD, LQDU, and LQDD notes are linked to VettaFi indices tracking the HYG and LQD ETFs and begin trading August 11 on the Cboe BZX Exchange. These senior unsecured obligations of BMO mature in 2046 and carry significant volatility and decay risk due to their leveraged daily reset structure.

•2mo ago

NYSE Content Update: Entry Deadline Nears for The Money Awards 2026

ICE's NYSE unit issued a routine content update previewing upcoming TV segments, including discussions on fintech awards and blockchain applications at the FIFA World Cup. The update also listed scheduled participants for the Closing Bell, including BMO and Rex Shares. This advisory relates to exchange programming and marketing, presenting no material financial data or strategic updates for ICE.

•3mo ago

BMO: 6-K · debt financing

Bank of Montreal announced its intention to redeem all $1 billion of its outstanding 1.928% Series K Medium-Term Notes. The subordinated indebtedness, originally set to mature on July 22, 2031, will be redeemed early on July 22, 2026. The redemption will occur at a price equal to 100% of the principal amount plus accrued and unpaid interest. The transaction has received approval from the Office of the Superintendent of Financial Institutions. As of April 30, 2026, BMO reported total assets of $1.5 trillion, positioning it as the eighth largest bank in North America.

SEC 6-K•4mo ago

BMO Economics: Host Cities to Anchor up to $81B Soccer-Powered Economic Boost for U.S.

BMO Economics estimates the 2026 soccer tournament could add up to $81 billion to U.S. quarterly GDP, driven by tourism and hospitality spending. The U.S. is expected to capture roughly four-fifths of total fan spending across North America due to a higher concentration of host cities and larger stadium capacities. BMO Financial Group, the eighth largest bank in North America by assets, reported total assets of $1.5 trillion as of April 30, 2026.

•4mo ago

BMO: 6-K · debt financing

Bank of Montreal has issued US$2.75 billion in fixed-to-floating rate senior notes, comprising three tranches due in 2029, 2032, and 2037. The 2029 notes carry a 4.547% coupon, the 2032 notes a 4.879% coupon, and the 2037 notes a 5.298% coupon. This offering was executed under the bank’s existing Form F-3 shelf registration, which permits the issuance of up to US$75 billion in securities. The transaction was facilitated by a syndicate of agents including BMO Capital Markets, BofA Securities, Citigroup, Credit Agricole, Deutsche Bank, and Mizuho. The filing includes legal opinions from Sullivan & Cromwell (U.S. counsel) and Osler, Hoskin & Harcourt (Canadian counsel) confirming the validity and enforceability of the notes under applicable laws.

SEC 6-K•4mo ago

BMO and REX Shares Launch MicroSectors™ 3× Long and -3× Short Artificial Intelligence (AI) ETNs (NYSE Arca: AIQU, AIQD)

Bank of Montreal and REX Shares launched two new leveraged exchange-traded notes (ETNs) tracking the artificial intelligence sector. The MicroSectors™ 3× Long AI ETN (AIQU) and -3× Short AI ETN (AIQD) offer three-times daily leveraged exposure to the BITA AI Leaders Select NTR US Index. The products begin trading on NYSE Arca, targeting sophisticated investors seeking short-term directional bets on AI infrastructure and application companies.

•4mo ago

BMO: 6-K · periodic report

Bank of Montreal filed a Form 6-K disclosing its earnings coverage ratios for the 12 months ended April 30, 2026, as required for its shelf distribution registration. The filing confirms strong coverage metrics, with interest coverage on subordinated indebtedness at 30.12 times and combined interest and dividend coverage at 14.13 times. These ratios demonstrate the bank's robust capacity to service its debt and preferred share obligations, supporting its ongoing ability to access capital markets. The disclosure is a routine compliance matter rather than a new strategic announcement or earnings release.

SEC 6-K•4mo ago

BMO: 6-K · periodic report

Bank of Montreal filed a Form 6-K on May 27, 2026, containing Sarbanes-Oxley Section 302 certifications for its quarterly report ended April 30, 2026. CEO Darryl White and CFO Rahul Nalgirkar certified that the report does not contain untrue statements and fairly presents the issuer's financial condition. The filing includes no new financial metrics, guidance, or material operational updates, serving only as a routine compliance submission for the quarter.

SEC 6-K•4mo ago

Media Advisory - BMO Financial Group to Announce its Second Quarter 2026 Results

BMO Financial Group announced that it will release its second quarter 2026 financial results on May 27, 2026, at approximately 6:00 a.m. ET. The company will host an investor conference call at 8:15 a.m. ET on the same day to discuss the quarterly performance. A replay of the call will be available via telephone until June 27, 2026, and via webcast until September 1, 2026.

•5mo ago

BMO Hosts 21st Farm to Market | Chemicals Conference in New York

BMO announced it will host its 21st annual Farm to Market | Chemicals Conference in New York on May 13-14, 2026. The event will feature discussions on global food, agriculture, and chemical trends, with analysts leading sessions and over 100 companies participating. The conference aims to provide insights on pressing industry topics including supply issues, input costs, and biofuels policies.

•5mo ago

Housing Market Shifts as Homebuyers Upsize to Forever Homes: BMO Real Financial Progress Index

BMO released its Real Financial Progress Index, noting a shift toward 'forever homes' as Americans delay homeownership until age 40 on average. Survey results indicate 74% of Americans still view homeownership as a major aspiration, though 51% are waiting for rates to drop further before acting. The release highlights BMO's consumer tools and grant programs to assist prospective buyers navigating the challenging market.

•6mo ago