BMO Financial

Bank of Montreal (BMO) is a prominent equity in the USA market. The current stock price is 113.03 USD, with a slight change of 0.44 USD (0.00%) from the previous close.

The latest open price was 113.0 USD, with an intraday volume of 416,185 shares. The intraday high reached 113.63 USD while the intraday low was 112.86 USD. The most recent trade time was Wednesday, July 9, 14:20:01 PDT.

Company Overview

BMO Financial, operating as BMO Bank, N.A., is a national bank headquartered in Chicago, Illinois. It is a subsidiary of the Canadian multinational investment bank and financial services company, Bank of Montreal (BMO).

Founded in 1882 as N.W. Harris & Co., the bank has undergone several name changes, including Harris Trust and Savings Bank in 1907 and Harris Bank in 1972. After being acquired by BMO in 1984, it rebranded as BMO Harris Bank in 2011. In 2023, the bank adopted the global "BMO" brand, retiring the old name.

Services Offered

BMO Bank provides a comprehensive suite of financial services such as consumer and corporate banking, private banking, financial analysis, insurance, investment banking, mortgage loans, private equity, wealth management, and credit cards.

By March 2024, it ranked as the 15th largest bank in the United States by total assets.

Strategic Expansion

In December 2021, BMO Financial Group announced a strategic acquisition of Bank of the West from BNP Paribas for $16.3 billion. This deal significantly expanded BMO's footprint in the U.S., particularly across Western states.

Branch Network and Locations

BMO Bank operates over 600 branches and around 1,300 ATMs spanning:

• Illinois
• Iowa
• Wisconsin
• Indiana
• Kansas
• Missouri
• Minnesota
• Arizona
• Florida
• California
• Chicago, IL, USA
• Des Plaines, IL, USA
• Gary, IN, USA

In California, BMO has a particularly strong presence with 222 branches, making it the sixth-largest bank in the state by branch count.

Headquarters

The bank's headquarters is located in the BMO Tower at 320 S. Canal Street in Chicago's West Loop neighborhood.

Completed in 2022, this 51-story skyscraper stands 727 feet tall and offers 1.5 million square feet of office space.

Presence in San Francisco

BMO's subsidiary, Bank of the West, operates many branches in San Francisco offering diverse financial services to the local community. This acquisition has further enhanced BMO's service capabilities and expanded its U.S. market footprint.

Commitment

BMO Financial is dedicated to delivering an extensive range of financial products and services tailored to meet the diverse needs of its customers. It leverages its vast network and resources to provide comprehensive solutions nationwide.