Established in 1817, BMO Financial Group has more than 47,000 employees and provides a broad range of retail banking, wealth management, and investment banking products and services to more than 12 million customers. It conducts business through three operating groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company also has a strong presence in the US Midwest through BMO Harris Bank and BMO Private Bank.
Income Investor
MO posted strong first quarter results. The bank reported net income of $2.1 billion ($2.83 per share), compared with $1.3 billion ($1.73 per share) in the prior year. BMO pays a quarterly dividend of $1.59 ($6.36 per year), which is up 5% from the same period last year. The shares yield 4.4% at the current price. - Gordon Pape
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BMO was first recommended here on September 26, 2015