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Bank of Montreal

Runs Canadian and US banks for people and firms

Investment Banking Intern

Summer 2028Updated Deadline 1/4/27
$52.88/hr+ Commission structure + Discretionary bonuses
Internship
New York, NY, USA
In Person
Finance & BankingInvestment Banking
No H1B Sponsorship

About the job

Requirements
  • Be enrolled in an undergraduate degree program and graduate in December 2028 or Spring 2029.
  • Have an interest in investment banking.
  • Have a preferred minimum GPA of 3.4/4.0.
  • Demonstrate leadership experience and attributes in work, school, or community.
  • Demonstrate analytical, critical-thinking, and problem-solving skills.
  • Have interpersonal skills for working in a demanding team environment.
  • Demonstrate proactivity, resilience, and a positive attitude.
  • Be able to work independently and as part of a team, with self-motivation.
  • Have a strong work ethic and professional integrity.
  • Demonstrate intellectual curiosity, adaptability, and willingness to learn and adopt new technologies and ways of working.
  • Be legally authorized to work in the United States and not require sponsorship in the future.
Responsibilities
  • Conduct industry and company research and analysis.
  • Develop client presentations.
  • Write internal and external marketing memoranda.
  • Run valuation and financial analyses and complete complex modeling exercises.
  • Perform other tasks supporting client relationships and business development.

About the company

Bank of Montreal, known as BMO, runs a Canadian bank and a large American bank, serving households and businesses on both sides of the border. Until the Bank of Canada opened in 1935, it acted as the Canadian government's banker. People use its branches and apps for accounts, mortgages, credit cards, and investments, while companies borrow from it and turn to its BMO Capital Markets arm to raise money and trade securities. BMO makes money on the gap between the interest it charges on loans and pays on deposits, plus fees from managing wealth and advising on deals. Bank of Montreal was founded in 1817 as Canada's first bank, and it keeps its legal head office in Montreal and its executive offices in Toronto, Canada.

Company Size

10,001+

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1817

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Simplify's Take

What believers are saying

  • Profits are climbing: before one-time items, BMO earned C$2.86 billion in the quarter ending July 2026, up 19%.
  • Expansion means jobs out West: in March 2026, BMO announced plans for 130-plus new California branches within five years.
  • Payouts are steady: BMO has paid a dividend every year since 1829, the longest record of any Canadian company.

What critics are saying

  • Cost cuts reach staff: BMO reported a C$202 million severance charge in February 2026 as headcount fell 678 to 53,035.
  • The U.S. arm earns less: its 8.6% return on equity trailed BMO's overall 13% in the quarter ending April 2026.
  • Compliance lapses draw fines: Canada's consumer watchdog fined BMO C$4 million in February 2026 for overcharging 101,091 customers.

What makes Bank of Montreal unique

  • Business lending comes first: 56% of BMO's loans in April 2026 went to companies and governments, 28% to mortgages.
  • It is a big American bank too: its U.S. arm ranked 16th in the country by assets in June 2026.
  • Chicago is its second hub: 81 of BMO's 926 job openings in October 2026 were there, behind only Toronto's 241.

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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

Kalkine Media
Nov 3rd, 2026
DigitalOcean launches $1B at-the-market equity offering with eight banks

DigitalOcean Holdings has launched an at-the-market equity offering programme that lets it sell up to $1 billion in common stock. It signed the equity distribution agreement on November 2, 2026, and disclosed it in a Form 8-K filed the next day. Eight banks will manage the sales: Goldman Sachs, J.P. Morgan, Morgan Stanley, BofA Securities, MUFG Securities Americas, Citizens JMP Securities, Wells Fargo Securities, and BMO Capital Markets. They will earn a commission of up to 2% of gross proceeds from each sale. DigitalOcean is not required to sell any shares and may suspend offers at any time. Sales will fall under a shelf registration filed with the SEC on March 24, 2026. The company also released results for the quarter ended September 30, 2026.

The Globe and Mail
Nov 2nd, 2026
BMO elevates rewards and travel experience with BMO eclipse Visa Infinite Privilege card enhancements.

BMO elevates rewards and travel experience with BMO eclipse Visa Infinite Privilege card enhancements. Newswire.ca - Mon Nov 2, 9:00AM CST TORONTO, Nov. 2, 2026 /CNW/ - BMO today announced enhancements to its BMO eclipse Visa Infinite Privilege[1] credit card, bringing together expanded rewards and premium travel benefits through its longstanding relationship with Visa to elevate the cardholder experience at home and abroad. The enhancements include no foreign transaction fees, a $200 annual travel credit, 10 complimentary airport lounge visits annually and a new rewards accelerator on health and wellness purchases. This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

PR Newswire
Nov 1st, 2026
BMO completes Euroz Hartleys capital markets acquisition to expand Australian metals and mining reach

BMO Financial Group has completed its acquisition of the Australian capital markets business of Euroz Hartleys Group Limited, expanding BMO Capital Markets' presence in Australia. The deal adds Euroz Hartleys' expertise in equities research, institutional sales and trading, equity capital markets, mergers and acquisitions, and strategic advisory. BMO says the combined platform links clients more directly with capital and investors across Australia, North America, and Europe. BMO has operated in Australia since 2004, with an office in Melbourne. The Euroz Hartleys team in Perth significantly expands its local capabilities. Global Finance Magazine has named BMO the world's best metals and mining investment bank for 17 consecutive years.

Kalkine
Oct 30th, 2026
Enova raises secured revolving credit facility to $900M from $825M

Enova International has increased its secured asset-backed revolving credit facility to $900 million from $825 million, according to a filing dated October 30, 2026. The company and certain subsidiaries signed a Fourth Amendment to their Amended and Restated Credit Agreement that day. Bank of Montreal acts as administrative agent and collateral agent, alongside the lenders party to the agreement. Enova, a Chicago-based online financial services provider, uses such facilities to fund its lending. It plans to file the full amended agreement as an exhibit to its annual report for the year ending December 31, 2026.

Yahoo Finance
Oct 30th, 2026
BMO raises prime rate to 4.70% as analysts eye $8.4B profit by 2029

Bank of Montreal (BMO) raised its Canadian prime lending rate from 4.45% to 4.70% after the Bank of Canada lifted its policy rate to 2.5%. Other major Canadian banks made similar moves. Higher rates could shift BMO's net interest margins, but analysts see credit stress and rising technology and compliance costs as the more immediate risks. The bank also issued 6% senior unsecured eurobond notes maturing in 2031 and 2032. Analysts forecast revenue growth of 6.7% a year, reaching CA$43.3 billion by 2029. They expect earnings to rise from CA$8.7 billion to CA$11.6 billion, with profit margins moving from 24.4% to 26.8%. The stock trades at 18.6 times earnings, against an industry level of 17.1 times.