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MicroSectors Solactive FANG & Innovation 3X Leveraged ETN ( (BULZ) ) has issued an announcement.
On January 17, 2025, the Bank of Montreal received regulatory approvals from the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions Canada to initiate a normal course issuer bid. This move allows BMO to repurchase up to 20 million of its common shares, roughly 2.7% of its public float, between January 22, 2025, and January 21, 2026. The repurchase will be conducted through various channels, including the TSX and designated exchanges, with the price being determined by market conditions. This strategic capital management initiative is expected to optimize the bank’s capital structure and potentially enhance shareholder value.
More about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
BMO Financial Group, also known as Bank of Montreal, is the eighth largest bank in North America by assets, with total assets of $1.41 trillion as of October 31, 2024. With a 200-year history, BMO provides a wide array of personal and commercial banking, wealth management, global markets, and investment banking products and services to 13 million customers across Canada.
YTD Price Performance: -2.30%
Average Trading Volume: 99,172
Current Market Cap: $1.37B
Learn more about BULZ stock on TipRanks’ Stock Analysis page.
