Bank of Montreal

Bank of Montreal

Diversified financial services provider in North America

About Bank of Montreal

Simplify's Rating
Why Bank of Montreal is rated
B-
Rated B on Competitive Edge
Rated C on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

10,001+

Company Stage

IPO

Total Funding

N/A

Headquarters

Toronto, Canada

Founded

1988

Overview

BMO Financial Group provides a wide range of financial services, including personal banking, commercial banking, wealth management, and capital markets. In personal banking, BMO offers services like checking and savings accounts, credit cards, mortgages, and personal loans. For commercial banking, the company tailors financial solutions for various industries such as agriculture, real estate, and technology. Wealth management services include investment advice and retirement planning for both individuals and institutions. BMO's capital markets division provides investment banking, trading, and risk management services to corporate and government clients. The company differentiates itself by serving a diverse clientele, from individuals to large corporations, and by leveraging its industry expertise to meet specific financial needs. BMO's goal is to grow its business by offering comprehensive financial solutions that cater to the unique requirements of its clients across North America.

Simplify Jobs

Simplify's Take

What believers are saying

  • BMO's portal integration with QuickBooks enhances data sharing for SMB clients.
  • The new SMB banking team could leverage AI to improve customer satisfaction.
  • BMO's involvement in sustainability initiatives could attract environmentally conscious clients.

What critics are saying

  • Increased competition from fintech companies like Certn challenges BMO's traditional services.
  • Cloud-based platforms like FreshBooks may attract BMO's small business clients.
  • Digital stock trading platforms in Canada may reduce demand for BMO's investment services.

What makes Bank of Montreal unique

  • BMO offers a comprehensive range of financial services across North America.
  • The company has a strong presence in both Canada and the United States.
  • BMO's new SMB banking team focuses on supporting small businesses during the pandemic.

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Benefits

Health Insurance

Tuition Reimbursement

Accident and Life Insurance

401(k) Retirement Plan

Professional Development Budget

Hybrid Work Options

Company News

Financial Post
Dec 20th, 2024
GreenFirst Announces the Extension of its Asset Based Lending Facility with Bank of Montreal

TORONTO — GreenFirst Forest Products Inc. (TSX: GFP) (“

PE Hub
Dec 11th, 2024
CAI-backed Universal Group acquires Barricades and Signs | PE Hub

Barricades and Signs is a traffic control company operating across Western Canada.

Business Wire
Dec 4th, 2024
Pagaya Expands Term Loan with Improved Terms and Additional Corporate Lending Partners

Pagaya Technologies LTD. (NASDAQ: PGY) (

Newswire
Dec 2nd, 2024
SIMPLY BETTER BRANDS ANNOUNCES NEW PARTNERSHIP WITH BMO AND CLOSING OF USD $10 MILLION CREDIT FACILITY TO SUPPORT THE FUTURE GROWTH OF TRUBAR™

/CNW/ - Simply Better Brands Corp. ("SBBC" or the "Company") (TSX Venture: SBBC) (OTCQB: SBBCF) announces the successful closing of a new USD $10 million...

Canadian Business Journal
Nov 12th, 2024
Extendicare Announces New $275 Million Senior Secured Credit Facility

MARKHAM, Ontario, Nov. 08, 2024 (GLOBE NEWSWIRE) — Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today announced that it has entered into a new senior secured credit facility for $275.0 million (the “Senior Secured Credit Facility”) with a syndicate of Canadian chartered banks, for a term of three years. The Senior Secured Credit Facility consists of a revolving credit facility for up to $145.0 million (the “Revolving Facility”), which replaces the Company’s former demand credit facilities of $112.3 million, and a delayed draw term loan facility in an amount up to $130.0 million (the “Delayed Draw Facility”). The Revolving Facility is available for working capital and general corporate purposes, including capital expenditures and acquisitions. The Delayed Draw Facility is available until April 30, 2025 to repay the Company’s outstanding $126.5 million of 5.00% convertible subordinated debentures due April 30, 2025 (the “2025 Debentures”). Extendicare may redeem the 2025 Debentures before their maturity date in April 2025.

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