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The latest announcement is out from MicroSectors Solactive FANG & Innovation 3X Leveraged ETN ( (BULZ) ).
BMO Financial Group, a leading North American bank with extensive retail, commercial and capital markets operations, has long focused on leveraging deep client relationships in Canada and the United States, while maintaining a diversified portfolio of financial services. Its scale and broad product suite position it as a major player in traditional banking, wealth management and capital markets activities.
On May 11, 2026, BMO announced a definitive agreement to sell its Transportation Finance and Vendor Finance businesses, including about C$14.5 billion in loans and leases in the United States and Canada, to Stonepeak while retaining a 19.9% equity stake in the new entity. The deal, which is expected to close in the fourth quarter of fiscal 2026, is designed to boost capital efficiency and return on equity, with BMO forecasting a CET1 ratio uplift of roughly 28 basis points and a third-quarter 2026 after-tax charge of about C$0.9 billion, underscoring a strategic shift toward core markets and more efficient capital deployment.
More about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
BMO Financial Group is a North American banking institution and the eighth largest bank on the continent by assets, with total assets of $1.5 trillion as of January 31, 2026. The bank provides personal and commercial banking, wealth management, global markets and investment banking services to about 13 million clients across Canada, the United States and select global markets.
Average Trading Volume: 1,966,969
Current Market Cap: $3.46B
See more data about BULZ stock on TipRanks’ Stock Analysis page.