Bank of Montreal has announced plans to redeem CA$1.00 billion of subordinated notes in 2026 and launched new ETF Series units, including the BMO Market+ International Equity Fund. The bank was also recognized as Best Commercial Bank in Canada and the U.S., while its asset management arm terminated several ETFs and expanded its fixed-income lineup. These moves modestly expand fee-based revenue streams and complement the bank's core lending business. The investment narrative projects CA$41.9 billion revenue and CA$11.3 billion earnings by 2029, requiring 6.5% yearly revenue growth and an earnings increase of about CA$2.0 billion from CA$9.3 billion today. Community fair value estimates for the stock range from roughly CA$228.61 to CA$249.99, implying a potential 8% downside from the current price.
Bank of MontrealBank of Montreal announced a CA$1.00 billion subordinated note redemption and launched new ETF series, expanding fee-based revenue and complementing core lending.