The Bank of Montreal (BMO) is a Canadian multinational investment bank and financial services company, founded in Montreal, Quebec, in 1817 as Montreal Bank, making it Canada's oldest bank. Its operational headquarters and executive offices have been located in Toronto, Ontario, since 1977, though its legal head office remains in Montreal. BMO is the eighth largest bank in North America by assets and serves over 13 million customers globally. The company is publicly traded on both the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the ticker symbol BMO.
BMO Financial Group offers a broad range of financial services, including personal and commercial banking, wealth management, global markets, and investment banking. In Canada, BMO operates over 900 branches, and in the United States, it conducts business as BMO Financial Group, with substantial operations, including BMO Bank, N.A., which has over 1,000 branches. BMO Capital Markets is the bank's investment and corporate banking division, while its wealth management division is known as BMO Nesbitt Burns. The bank has a significant presence in the Chicago area and other parts of the U.S. BMO has expanded its U.S. presence through acquisitions, including Harris Bank in 1984 (later rebranded BMO Harris Bank and then BMO Bank N.A.), Marshall & Ilsley in 2011, and Bank of the West in 2023. The acquisition of Bank of the West was the largest in Canadian banking history. BMO is also the issuer of Diners Club cards in the United States and Canada. The company is driven by the purpose to 'Boldly Grow the Good in business and life,' which informs its strategy and commitment to a thriving economy, a sustainable future, and an inclusive society.
Throughout its history, BMO has played a significant role in Canada's financial development, serving as Canada's central bank from its founding until the creation of the Bank of Canada in 1935. It was the first Canadian bank to be listed on the New York Stock Exchange in 1994. BMO has also embraced technological advancements, launching AI-powered chatbots for customer service on Facebook and Twitter and investing in modernizing its technology stack with cloud architecture. The bank is committed to accessibility, aiming to make its websites and services usable for everyone, including those who use assistive technologies or have disabilities. BMO has received recognition as a top employer and for its inclusive culture.