Bank of Montreal
Operating headquarters in Toronto, Canada | |
| BMO Bank of Montreal BMO Financial Group (US) | |
Native name | Banque de Montréal |
| Formerly | Montreal Bank (1817–1822) |
| Company type | Public |
| TSX: BMO NYSE: BMO S&P/TSX 60 component | |
| Industry | Financial services |
| Founded | 23 June 1817 in Montreal, Lower Canada (as Montreal Bank) |
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Key people |
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| Products | |
| Revenue | Can$32.8 billion (2024) |
| Can$7.33 billion (2024) | |
| AUM | Can$422.7 billion (2024) |
| Total assets | Can$1.41 trillion (2024) |
| Total equity | Can$84.2 billion (2024) |
Number of employees | 53,597 (FTE, 2024) |
| Subsidiaries | BMO 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 |
| Website | bmo |
The Bank of Montreal (French: Banque de Montréal, pronounced [bɑ̃k də mɔ̃ʁeal]), abbreviated as BMO (pronounced /ˈbiːmoʊ/ BEE-moh), is a Canadian multinational investment bank and financial services company.
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 the 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 April 2024, it had CA$1.37 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.