Bank of Montreal announced its intention to repurchase for cancellation up to 25 million of its common shares under a normal course issuer bid, subject to approval from the Office of the Superintendent of Financial Institutions Canada and the Toronto Stock Exchange. The bid would commence on or around September 8, 2026, and end September 7, 2027, unless terminated earlier. The shares represent approximately 3.6% of the public float as of July 31, 2026, which stood at 696,863,163 common shares. The bank said the program provides additional flexibility to manage its capital position.
Bank of MontrealBank of Montreal announces share buyback program, providing capital flexibility and typically supporting share price.
