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Market Impact: 0.35

BMO Financial Group Announces Intention to Repurchase Up to 25 Million of its Common Shares

Source: PR Newswire

Capital Returns (Dividends / Buybacks)Banking & LiquidityCompany Fundamentals

Bank of Montreal (BMO) announced an issuer bid to purchase for cancellation up to 25 million common shares, pending regulatory approval. The repurchase program signals continued capital return and support for per-share metrics, which may be modestly positive for the stock given the size of the buyback relative to typical trading float.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25

Ticker Sentiment

BMO0.25

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