Bank of Montreal (BMO)

The company now

BMO closed the sale of its Transportation Finance and Vendor Finance businesses to Stonepeak on 29 October 2026 2. At closing it transferred about 75 percent, or C$11 billion, of an estimated C$14.5 billion in loans and leases, and the rest is due to move in the first quarter of fiscal 2027 2. The businesses now operate as Longview Capital Solutions, and BMO holds 19.9 percent of the Stonepeak-managed entity that acquired them 2.

For the quarter ended 31 July 2026, BMO reported net income of C$1,750 million, down 25 percent, because of a goodwill charge tied to that sale 1. Adjusted net income, which leaves out such one-off items, rose 19 percent to C$2,859 million 1. Chief executive Darryl White said every business segment delivered record pre-provision pre-tax earnings 1.

On 20 October 2026 BMO named Tim Cox head of its U.S. business from 1 November, as Darrel Hackett plans to retire as U.S. chief executive after more than 22 years 3.

Two more deals are still open 5. The Moneris payments business, owned jointly with Royal Bank of Canada, is to be sold, with closing expected by the end of the first quarter of fiscal 2027 5. The purchase of an Australian mining-focused capital markets business is expected to close in the fourth quarter of calendar 2026 5.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.