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Bank of Montreal T.BMO

Alternate Symbol(s):  BMO | T.BMO.PR.Y | FNGO | T.BMO.PR.E | FNGD | FNGU | CARD | CARU | N.ZUEA | N.ZEBA | N.ZOCT | N.BGDV

Financial Services
Bank of Montreal (BMO) is a Canada-based company, which offers a wide range of personal banking services. The Company is engaged in providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to customers across Canada, the United States, and in select markets globally. The Company offers services, such as bank accounts, credit cards, mortgages, loans, investments, creditor insurance, and travel insurance. The Company’s segments include P&C, U.S. P&C, Total P&C, BMO Wealth Management, BMO Capital Markets, and Corporate Services. Its bank accounts include checking accounts, and savings accounts. Its credit card services include no fee, low interest, cash back, BMO Rewards, AIR MILES, travel, and lifestyle. Its credit cards include BMO eclipse Visa Infinite Card, BMO Ascend World Elite Mastercard, BMO eclipse Visa Infinite Privilege Card, BMO Preferred Rate Mastercard and BMO CashBack Mastercard.


TSX:BMO - Post by User

Bank of Montreal
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Post by zack50on Dec 23, 2021 3:13pm
365 Views
Post# 34258977

S&P Affirms Bank of Montreal ratings...

S&P Affirms Bank of Montreal ratings...
 
10:34 AM EST, 12/23/2021 (MT Newswires) -- S&P Global Ratings said Wednesday that it has affirmed its ratings on Bank of Montreal (BMO.TO), including its A+ long-term and A-1 short-term issuer credit ratings.

The rating action follows the company's deal with BNP Paribas to buy Bank of the West and its subsidiaries.

The stable outlook reflects the agency's view that the credit ratings of the bank and its subsidiaries are unlikely to change given the expectation of a moderately high likelihood of extraordinary government support, as well as S&P's view that the company's risk-adjusted capital ratio will likely fall and then rebuild to between 7% to 10% over the next 24 months.

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