About BMO
BMO is a company based in Toronto (Canada) founded in 1817. It operates as a Professional Services, Subscription Services, and Commission-Based. The company has 53,600 employees as of October 31, 2024. BMO has completed 7 acquisitions, including Bank of the West, Burgundy and Clearpool Group. BMO offers products and services including Bank Accounts, Credit Cards, Mortgages, Investments, and Insurance. BMO operates in a competitive market with competitors including Investec, Scotiabank, Bank of America, Equitable Bank and National Bank of Canada, among others.
- Headquarter Toronto, Canada
- Employees 53600 as on 31 Oct, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bank Of Montreal
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Annual Revenue
$54.8 B (USD)19.95as on Oct 31, 2024
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Net Profit
$5.09 B (USD)65.61as on Oct 31, 2024
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EBITDA
$-52.16 K (USD)8.67as on Mar 31, 2019
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Latest Funding Round
$1.39 M (USD), Debt – Conventional
Jan 16, 2025
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Investors
CPP Investments
& 6 more
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Employee Count
53600
as on Oct 31, 2024
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Investments & Acquisitions
Bank of the West
& 6 more
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IPO & Listings of BMO
BMO is a publicly listed company on the TSX with ticker symbol BMO in Canada, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of BMO
BMO offers a comprehensive portfolio of products and services, including Bank Accounts, Credit Cards, Mortgages, Investments, and Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Various chequing and savings accounts are offered.
Multiple credit card options are provided for customers.
Home financing solutions are available for buyers.
Investment products and services are offered widely.
Creditor and travel insurance plans are provided.
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Software Development Team
290 people
Leadership Team
168 people
Senior Team
77 people
Data Analysis and Operations Team
71 people
Finance and Accounting
46 people
Sales and Marketing
42 people
Legal and Compliance
36 people
Branch Team
20 people
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Funding Insights of BMO
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $1.4M
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First Round
First Round
(30 Sep 2010)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Debt – Conventional - BMO | Valuation |
investors |
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| Dec, 2022 | Amount | Post-IPO - BMO | Valuation |
investors |
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| Oct, 2019 | Amount | Debt – Conventional - BMO | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BMO
BMO has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include CPP Investments, OMERS and Caisse de depot et placement du Quebec. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment strategies are provided across diverse asset classes and markets.
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Founded Year | Domain | Location | |
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Pensions for Canadian employees are managed by OMERS.
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Founded Year | Domain | Location | |
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Diversified investment management services are offered to institutional clients.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BMO
BMO has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Bank of the West, Burgundy and Clearpool Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Energy management consulting services are provided by Radicle in Canada.
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2020 | ||||
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Offers commercial and retail banking services
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2015 | ||||
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Trade-related processes are managed via cloud-based algorithmic solutions.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - BMO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bmo Comparisons
Competitors of BMO
BMO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Investec, Scotiabank, Bank of America, Equitable Bank and National Bank of Canada, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided throughout Canada.
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| domain | founded_year | HQ Location |
Commercial bank
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bmo
Frequently Asked Questions about BMO
When was BMO founded?
BMO was founded in 1817 and raised its 1st funding round 193 years after it was founded.
Where is BMO located?
BMO is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of BMO?
Darrel Hackett is the current CEO of BMO.
How many employees does BMO have?
As of Oct 31, 2024, the latest employee count at BMO is 53,600.
What is the annual revenue of BMO?
Annual revenue of BMO is $54.8B as on Oct 31, 2024.
What does BMO do?
BMO is established as a major financial institution in Canada, offering a wide range of services including personal and commercial banking, credit cards, mortgages, loans, and investment solutions. Operations are extended across wealth management through BMO Nesbitt Burns and BMO Private Banking. Services are provided to diverse customer segments such as students, newcomers, and indigenous communities. Digital banking solutions are integrated to enhance customer accessibility. The company is also active in the U.S. market, ensuring cross-border financial services. Commitment to security and customer protection is emphasized through various tools and resources.
Who are the top competitors of BMO?
BMO's top competitors include Investec, Canadian Imperial Bank of Commerce and Scotiabank.
What products or services does BMO offer?
BMO offers Bank Accounts, Credit Cards, Mortgages, Investments, and Insurance.
Is BMO publicly traded?
Yes, BMO is publicly traded on TSX under the ticker symbol BMO.
How many acquisitions has BMO made?
BMO has made 7 acquisitions, including Bank of the West, Burgundy, and Clearpool Group.
Who are BMO's investors?
BMO has 7 investors. Key investors include CPP Investments, OMERS, Caisse de depot et placement du Quebec, AIMCo, and U.S. Department of the Treasury.
What is BMO's ticker symbol?
The ticker symbol of BMO is BMO on TSX.
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