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Bank Of Montreal ( (TSE:BMO) ) has shared an announcement.
Bank of Montreal has 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, allowing the purchase and cancellation of up to 20 million common shares. This strategic move, set to commence on January 22, 2025, and conclude by January 21, 2026, represents approximately 2.7% of the bank’s public float and could impact the market by potentially enhancing shareholder value and optimizing the bank’s capital structure.
More about Bank Of Montreal
BMO Financial Group is the eighth largest bank in North America by assets, boasting total assets of $1.41 trillion.
YTD Price Performance: 2.09%
Average Trading Volume: 784,724
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $72.34B
See more insights into BMO stock on TipRanks’ Stock Analysis page.
