BANK OF MONTREAL /CAN/ (BMO) Form 6-K — Aug 10, 2026
BMO Financial Group announced on August 10, 2026 that together with Royal Bank of Canada it agreed to sell jointly-owned Moneris Solutions Corporation, a Canadian commerce and payments provider, to technology investor Francisco Partners for cash consideration of approximately $2.0 billion, with BMO's share at 50%. BMO expects to record a gain on closing of approximately $600 million after-tax ($620 million pre-tax), booked in Non-Interest Revenue in Corporate Services as an adjusting item, and the deal is expected to improve the bank's CET1 ratio by roughly 15 basis points on a pro forma basis.
Key figures
- Deal Value Usd
- approximately $2.0 billion total cash consideration (BMO share 50%)
- Expected Close
- by end of Q1 fiscal 2027, subject to regulatory approvals
- Bmo Total Assets
- $1.5 trillion as of April 30, 2026
- Cet1 Improvement
- approximately 15 bps pro forma
- Moneris Age Years
- 25
- Bmo Ownership Share
- 50%
- Expected Pre Tax Gain
- approximately $620 million
- Gain Classification
- Non-Interest Revenue in Corporate Services, as an adjusting item
- Expected After Tax Gain
- approximately $600 million
- Moneris Points Of Commerce
- 325000
AI analysis
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