Bank of Montreal · Toronto, ON Canada · (NYSE: BMO)(Toronto: BMO)
Company Description
Phone: +1-416-867-5000
Fax: +1-416-867-6793
Rankings
- #349 in FT Global 500
- TSX 60
View Bank of Montreal Locations On A US Map
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This link will open in a new window Bank of Montreal is bilingual -- it speaks Canadian and American business. Also known as BMO Financial Group (or, more familiarly, BMO, pronounced "bee-moe"), the company is one of Canada's oldest and biggest banks. Serving individuals, government agencies, and businesses large and small, it has about 900 branches that provide deposits, mortgages and loans, life insurance, credit cards, investments, and wealth management services. In the US, it owns Chicago's Harris Bankcorp , which performs similar services through more than 280 branches in Illinois, Indiana, and Wisconsin. Another subsidiary, BMO Capital Markets , offers institutional brokerage and investment banking services mainly in Canada and the US. To read the full description, subscribe now.
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Bank of Montreal Executives
61 executives listed for Bank of Montreal's Toronto, ON location.
| Title | Name & Bio | Contact |
| Chairman | David Galloway | |
| President, CEO, and Director | William Downe | |
| Group Head Technology and Operations | Barry Gilmour |
Competition
Competitive Landscape for Bank of Montreal
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Bank of Montreal Competitors
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