BMO Financial Group

1. Organization
2. Financial Services

Description

The Bank of Montreal, operating as BMO Financial Group and commonly shortened to BMO, is one of the Big Five banks in Canada. It is the fourth-largest bank in Canada by market capitalization and based on assets, and among the ten largest banks in North America.On June 23, 1817, John Richardson and eight merchants signed the Articles of Association to establish the Bank of Montreal in a rented house in Montreal, Quebec. The bank officially began conducting business on November 3, 1817, making it Canada's oldest bank. BMO's Institution Number (or bank number) is 001. In Canada, the bank operates as BMO Bank of Montreal and has more than 900 branches, serving over seven million customers. The company also has substantial operations in the Chicago area and elsewhere in the United States, where it operates as BMO Harris Bank. BMO Capital Markets is BMO's investment and corporate banking division, while the wealth management division is branded as BMO Nesbitt Burns.The company is ranked at number 131 on the Forbes Global 2000 list.The company has not missed a dividend payment since 1829, paying dividends consistently through major world crises such as WWI, The Great Depression, WWII, and the 2008 Financial Crisis, this makes Bank of Montreal's dividend payment history one of the longest in the world.HistoryThe Bank of Montreal was founded in 1817 as the first bank in Canada. The Bank of Montreal established branches in Newfoundland on January 31, 1895, following the collapse of the Newfoundland Commercial Bank and Union Bank of Newfoundland on December 10, 1894.

Company Rating

1802 FB users likes BMO Financial Group, set it to 15 position in Likes Rating for Montreal, Quebec in Organization category

Summary

BMO Financial Group is Montreal based place and this enity listed in Financial Services category.