Description
The Bank of Montreal (BMO) is a Canadian multinational investment bank and financial services company.
The bank was founded in Montreal, Quebec, in 1817 as Montreal Bank, making it Canada's oldest bank. Its head office is in Montreal and its operational headquarters and executive offices are located in Toronto, Ontario since 1977. It is commonly known by its ticker symbol BMO on both the Toronto Stock Exchange and the New York Stock Exchange. In June 2023, it had CA$1.251 Trillion in total assets. The Bank of Montreal swift code is BOFMCAM2 and the institution number is 001. In Canada, it has more than 800 branches, serving over seven million customers.
In the United States, BMO does business as BMO Financial Group, where it has substantial operations in the Chicago area and elsewhere in the country, where it operates BMO Bank, N.A.. BMO Capital Markets is BMO's investment and corporate banking division, while the wealth management division is branded as BMO Nesbitt Burns. On 12 December 2021, the Bank of Montreal announced the strategic acquisition of Bank of the West from BNP Paribas for US$16.3 billion.
