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
Apart from a dip in April, BMO shares have been on a strong run for the past 12 months. The stock has gained about 32% since last year at this time and is trading near its all-time high. The bank raised its quarterly dividend by 2.5%, to $1.63 a share ($6.52 a year). The shares yield 4.2% at the current price. - Gordon Pape
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Interactive Performance Chart
BMO was first recommended here on September 26, 2015