Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.

Bank of Montreal has agreed to acquire independent wealth manager Burgundy Asset Management for 625 million Canadian dollars ($456.4 million) in shares.

Expands BMO's wealth management and financial planning capabilities focused on high-net-worth and ultra-high-net-worth individuals, families and institutions TORONTO , June 19, 2025 /PRNewswire/ - BMO (TSX:BMO) (NYSE:BMO) and Burgundy Asset Management Ltd. today announced the signing of a definitive agreement for BMO to acquire Burgundy Asset Management Ltd.

TORONTO , June 19, 2025 /PRNewswire/ - Auxly Cannabis Group Inc. (TSX: XLY) (OTCQB: CBWTF) ("Auxly" or the "Company"), a leading consumer packaged goods company in the cannabis products market, is pleased to announce that it has entered into two agreements that will strengthen its balance sheet, reduce debt, and support long-term growth: A non-binding agreement (the "Term Sheet") to amend and restate the Company's existing syndicated credit facility led by the Bank of Montreal ("BMO"), and An exchange agreement (the "Exchange Agreement") with Imperial Brands plc ("Imperial Brands") pursuant to which all amounts owing by the Company under the outstanding convertible debenture held by Imperial Brands (the "Debenture") will be settled in common shares of the Company ("Shares") and pre-funded warrants to purchase Shares. These transactions represent meaningful progress in the Company's ongoing efforts to strengthen its balance sheet.

Bank of Montreal has been paying uninterrupted dividends since 1829. The highlights of its business are its domestic retail & commercial bank and its wealth management unit. Its U.S. personal & business bank is a weak spot right now, partly due to elevated credit costs.

Bank of Montreal (NYSE:BMO ) Q2 2025 Earnings Conference Call May 28, 2025 8:00 AM ET Company Participants Christine Viau - Head, Investor Relations Darryl White - Chief Executive Officer Tayfun Tuzun - Chief Financial Officer Piyush Agrawal - Chief Risk Officer Ernie Johannson - Head, BMO North American Personal & Business Banking Nadim Hirji - Head, BMO Commercial Banking Conference Call Participants Gabriel Dechaine - National Bank Financial John Aiken - Jefferies Matthew Lee - Canaccord Genuity Ebrahim Poonawala - Bank of America Doug Young - Desjardins Capital Markets Paul Holden - CIBC Darko Mihelic - RBC Capital Markets Mario Mendonca - TD Securities Lemar Persaud - Cormark Securities Mike Rizvanovic - Scotiabank Operator Good morning, and welcome to the BMO Financial Group's Q2 2025 Earnings Release and Conference Call for May 28, 2025. Your host for today is Christine Viau.

Bank of Montreal bumped up its dividend after earnings in its second-quarter were lifted by strength in its wealth management business.

TORONTO , May 28, 2025 /PRNewswire/ - Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced that its Board of Directors declared a quarterly dividend of $1.63 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2025, a 4 cent, or 3 per cent, increase from the prior quarter, up 5 per cent from the prior year. The Board of Directors also declared dividends of: $0.190875 per share on paid-up Class B Preferred Shares Series 33; and $0.426 per share on paid-up Class B Preferred Shares Series 44.

BMO's Second Quarter 2025 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended April 30, 2025, is available online at www.bmo.com/investorrelations , on the Canadian Securities Administrators' website at www.sedarplus.ca , and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov . Financial Results Highlights Second Quarter 2025 compared with Second Quarter 2024: Reported net income1 of $1,962 million, compared with $1,866 million; adjusted net income1 of $2,046 million, compared with $2,033 million Reported earnings per share (EPS)2 of $2.50, compared with $2.36; adjusted EPS1, 2 of $2.62, compared with $2.59 Provision for credit losses (PCL) of $1,054 million, compared with $705 million Reported return on equity (ROE) of 9.4%, compared with 9.9%; adjusted ROE1 of 9.8%, compared with 10.9% Common Equity Tier 1 (CET1) Ratio3 of 13.5%, compared with 13.1% Declared a quarterly dividend of $1.63 per common share, an increase of $0.08 or 5% from the prior year and $0.04 or 3% from the prior quarter Year-to-Date 2025 compared with Year-to-Date 2024: Reported net income1 of $4,100 million, compared with $3,158 million; adjusted net income1 of $4,335 million, compared with $3,926 million Reported EPS2 of $5.34, compared with $4.08; adjusted EPS1, 2 of $5.66, compared with $5.14 PCL of $2,065 million, compared with $1,332 million Reported ROE of 10.0%, compared with 8.5%; adjusted ROE1 of 10.6%, compared with 10.7% TORONTO , May 28, 2025 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced financial results for the second quarter ended April 30, 2025.

Bank of Montreal (BMO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.