Bank of Montreal also has strong operations south of the border with more than 600 branches serving clients in the U.S. Midwest. The U.S. group had an impressive Q3 with adjusted net income of $186 million, up a solid 36% compared with the same period ...
In addition, Bank of Montreal has generated above average total shareholder returns over the past five years (ranking only behind TD Bank), and when adjusting for risk, becomes the top performing of the big four banks during that time frame.
Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and Bank of Montreal (TSX:BMO)(NYSE:BMO) are the third- and fourth-largest banks in Canada by total assets, and both of their stocks represent very attractive long-term investment opportunities today.
Deposits rose by 6% and the group delivered loan growth of 3%. South of the border, Bank of Montreal has more than 600 branches with more than 14,000 employees serving customers primarily located in the Midwest.