Bank of Montreal (TSX: BMO, NYSE: BMO) is one of the "Big Five" Canadian banks, along with Toronto-Dominion Bank (TD), Scotiabank (BNS), Canadian Imperial Bank of Commerce (CM), and Royal Bank Of Canada (RY). BMO ranks fifth out of the five banks in market cap and net income.
The Big Five have not been immune to the 2008 Financial Crisis, as TD, RY, and CM wrote down more than C$ 2 billion. BMO has written down C$ 638 million from Q3 2007 to November 19th, 2008, and has had to cut its mortgage rates. However, Canadian banks have a stronger banking system than U.S. banks; Canadian banks have written down C$16.17 billion compared to the total number of dollars globally written down by banks -- USD$720 billion.(Read more at Wikinvest )
- Business Financials
- Personal and Commercial Banking (59.1% of Total Revenue, 71.6% of Net Income)
- Private Client Group (20.2%% of Total Revenue, 20.0% of Net Income
- BMO Capital Markets (23.6% of Total Revenue, 35.0% of Net Income)
- Corporate Services
- Trends and Forces
- BMO adjusts to 2008 Financial Crisis
- Canadian Banks are Seen as Less Risky than American Banks
- Canadian banks must meet Canada's Tier 1 Capital Ratio% requirements.
- BMO performance is correlated to currency rates relative to the Canadian Dollar (CAD)
- Financial Services
- Market Share