BMO launches normal-course buyback for up to 25 million shares

Reuters2026/09/02 21:25

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BMO launched a new normal course issuer bid to repurchase up to 25 million common shares for cancellation.
Buyback runs from Sept. 8, 2026 through Sept. 7, 2027.
Authorization covers about 3.6% of the public float as of Aug. 31, 2026.
An automatic share purchase program starts Sept. 8, 2026, using market prices at the time of purchase.
Prior buyback to repurchase up to 30 million shares ends Sept. 4, 2026; 23,667,500 shares bought at C$ 197.76 average.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BMO - Bank of Montreal published the original content used to generate this news brief via CNW (Ref. ID: 202609021725CANADANWCANADAPF_C0432) on September 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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BMO launches normal-course buyback for up to 25 million shares

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