Two of Canada’s big banks have disappointed investors as they reported lower than expected profits due to higher expenses, declines in trading, and a decline in investment banking income. Canadian Imperial Bank of Commerce (CIBC) has explained that the reason they had higher losses is due to how it structured its credit portfolio and lower

BMO Spend & Payment Solutions, a division of BMO Financial Group, has announced an alliance with IBM’s Managed Business Process unit, which has the goal to help joint clients control business travel and expense management costs, drive process and policy transformation, and improve compliance with corporate spend policies. This partnership will benefit both organizations and

BMO Financial Group reported net income for the second quarter, which ended April 30th, 2010 of $745 million, or $1.26 per share; this is #387 million higher than the same period a year ago. Canadian and commercial banking had a good quarter, with a net income of $396 million, up $56 million from the same

BMO Financial group announced on March 24th, 2010 that the BMO Chine Equity Hedged to CAD ETF (ZCH), the BMO India Equity Hedged to CARD ETF (ZID), and the BMO High Yield US Corporate Bond Hedged to CAD ETF (ZHY) will not be benchmarked to underlying indices listed below. BMO Chine Equity Hedged (ZCH), and

BMO Financial Group announced on March 24th that a special meeting of unit holders of the BMO Canadian Government Bond Index ETF (BMO ETF)(the Meeting) has been called to consider changing the investment objectives as a result of a change to the underlying index of the BMO ETF. The Meeting is scheduled to take place

In a new survey prepared for BMO Financial Group, Canadians have doubts about their personal investment behaviour this RRSP season. Many are struggling to determine whey they should do with their investments, and in most cases, are investing their money with not much confidence they are making the right choice. This BMO survey was conducted

Canadians have many uncertainties about meeting their retirement goals, and according to a survey released today by BMO Financial Group, they are not sure whether they are taking the right steps in planning for their retirement. The survey which was conducted by Leger Marketing and Commissioned by BMO, found that 1/3 of Canadians has no