BMO to Redeem $200 Million in Preferred Shares

Bank Of Montreal ( (TSE:BMO) ) just unveiled an announcement.

Bank of Montreal announced its plan to redeem all 8,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 33, for a total of $200 million on August 25, 2025. This move, approved by the Office of the Superintendent of Financial Institutions, reflects BMO’s strategic financial management and may impact shareholder returns with the final quarterly dividend to be paid separately.

The most recent analyst rating on (TSE:BMO) stock is a Buy with a C$150.00 price target. To see the full list of analyst forecasts on Bank Of Montreal stock, see the TSE:BMO Stock Forecast page.

Spark’s Take on TSE:BMO Stock

According to Spark, TipRanks’ AI Analyst, TSE:BMO is a Outperform.

Bank of Montreal has a solid overall position, bolstered by strong financial performance and strategic corporate events. While technical analysis is mixed, the valuation is appealing. The bank’s strategic initiatives and robust earnings support a positive outlook, though economic uncertainties and credit risks require caution.

To see Spark’s full report on TSE:BMO stock, click here.

More about Bank Of Montreal

BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of April 30, 2025. The bank offers a broad range of personal and commercial banking, wealth management, global markets, and investment banking products and services to 13 million customers across Canada, the United States, and select global markets. BMO is committed to driving positive change for a thriving economy, sustainable future, and inclusive society.

Average Trading Volume: 2,863,618

Technical Sentiment Signal: Buy

Current Market Cap: C$110.4B

For an in-depth examination of BMO stock, go to TipRanks’ Overview page.