Bank Facts for BMO in the United States (2024)

FAQs

What is a fact about BMO? ›

We're North America's 8th largest bank by assets. We've paid continuous dividends since 1829. That's the second-longest record among all companies listed on the New York Stock Exchange.

Bank of the West Has Joined the BMO Family. On February 1, 2023, BMO completed its planned acquisition of Bank of the West, uniting two like-minded organizations with the combined strength to deliver new opportunities for our BMO customers.

BMO Harris Bank Customer Service

You can visit any of the over 500 branches in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida, and Wisconsin. 18 Customer service can be reached by phone at 1-888-340-2265.

BMO Bank is a Canadian bank that offers attractive perks, lower fees, and better interest rates. They have plenty of branches across Canada and ATMs for customers to use. It's also branch-free which can be an advantage or disadvantage depending on what you're looking for in your banking situation.

As of March 10, 2023, Bank of Montreal had a $64.4 billion market capitalization, putting it in the 98th percentile of companies in the Banks industry. Currently, Bank of Montreal's price-earnings ratio is 7.7. Bank of Montreal's trailing 12-month revenue is $23.9 billion with a 32.2% profit margin.

As the 8th largest bank in North America by assets, we provide personal and commercial banking, global markets and investment banking services to more than 12 million customers. We're proud to be fueling progress for individuals, families and businesses across North America.

1. JPMorgan Chase. Chase Bank is the consumer banking division of JPMorgan Chase. It currently has more than 4,700 branches and more than 16,000 ATMs.

What type of bank is BMO? ›

Our security features include: Leading-edge security technology, data and analytics tools. Operating on a global scale to ensure your safety in different time zones without delay. Managing security threats 24/7/36524 7 365 whenever and wherever you bank.

Visit one of the over 600 BMO Harris branches in the United States.

Bank of Montreal BMO-T faces a multibillion-dollar lawsuit in the United States related to one of the biggest Ponzi schemes in history. Its shockingly bad behaviour in court could put its shareholders at greater risk of footing the bill if it loses. And neither of these things are well-known to those shareholders.

Ever wonder where the name “BMO” comes from? It's the bank's stock ticker symbol on the Toronto and New York Stock Exchanges. For decades, “bee-mo” was how investment industry insiders commonly referred to the bank.

Skills include numeracy skills, analytical skills, interpersonal skills, writing and communication skills, time management skills, and such. These skills will help you set foot in a banking career and will also help you sustain your career for a longer run.

Is BMO US a good company to work for? BMO US has an overall rating of 3.8 out of 5, based on over 1,597 reviews left anonymously by employees. 74% of employees would recommend working at BMO US to a friend and 70% have a positive outlook for the business. This rating has improved by 1% over the last 12 months.

Is BMO federally insured? ›

At BMO Harris Bank, your money is FDIC insured with both a money market account and a certificate of deposit, offering more security and less risk than other investment alternatives provided by non-banks – so you can rest easy.

New York, home to financial giants JPMorgan Chase and Citigroup, retains a firm grip on its No. 1 spot with $8.58 trillion in assets.

The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world.

BMO Harris Bank

BMO's acquisition of Bank of the West brings nearly 1.8 million customers to BMO and extends its banking presence through more than 500 additional branches and commercial and wealth offices in key U.S. growth markets.

CIBC and its affiliates including CIBC Bank USA, US Commercial Real Estate and Real Estate Finance, and CIBC Private Wealth Management have offices strategically located across the United States to serve clients coast to coast.

In addition to having more than a trillion dollars in consolidated domestic assets, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo increased their tech spending to meet the growing demand for efficient mobile banking apps and compete with neobanks and other fintechs.

In commercial banking, Bank of America operates—but does not necessarily maintain—retail branches in all 50 states of the United States, the District of Columbia and more than 40 other countries.

The largest bank in the world in terms of total assets under management (AUM) as well as gross revenues is the Industrial and Commercial Bank Of China Ltd. This institution provides credit cards and loans, financing for businesses, and money management services for companies and high net worth individuals.

What bank do millionaires use in USA? ›

Bank of America, Citibank, Union Bank, and HSBC, among others, have created accounts that come with special perquisites for the ultrarich, such as personal bankers, waived fees, and the option of placing trades. The ultrarich are considered to be those with more than $30 million in assets.

These include deposit accounts, loans and credit cards, mutual fund and GIC investments, insurance products, and specialized investments.

There are a limited number of traditional banks in Canada – including the big banks like TD, RBC, BMO, CIBC, National Bank, and Scotiabank. In contrast, however, there are hundreds of credit unions in Canada, serving smaller and more focused groups of people.

BMO Capital Markets is one of the top Canadian investment banks and has a long history as part of Canada's Big 6. Bank of Montreal, the parent company, has several divisions and operates as a full-service investment bank in Canada.

BMO is a leading North American bank driven by a single purpose: to Boldly Grow the Good in business and life. Our Purpose informs our strategy, drives our ambition, and reinforces our commitments to progress: for a thriving economy, a sustainable future and an inclusive society.

Ever wonder where the name “BMO” comes from? It's the bank's stock ticker symbol on the Toronto and New York Stock Exchanges. For decades, “bee-mo” was how investment industry insiders commonly referred to the bank.

What is the history of BMO? ›

The Bank of Montreal was founded in 1817, making it Canada's oldest incorporated bank. From its founding to the creation of the Bank of Canada in 1935, the Bank of Montreal served as Canada's central bank. Today, the various components of the Bank of Montreal are collectively known as BMO Financial Group.

Whether you're a frequent visitor to the U.S. or enjoy extended stays, BMO Bank of Montreal and our U.S. subsidiary, BMO Harris, offer Canadians products and services that make cross-border banking seamless.

The young Montreal Bank established its first agency in the United States in 1818. In 1859, the population of New York had swelled to 800,000. That year, a rail link between Montreal and New York was completed, and the bank established a permanent office in Manhattan's bustling financial district.

Being “first” in Canada has long been a source of pride for people at BMO. The line “Canada's first bank” began appearing in the window of bank branches in 1950, and was adopted as the standard sign-off in our advertising. In 1967, when the “M-bar” logo was launched, the tagline became an official part of the brand.

BMO Harris Bank

BMO Financial Group