* Bank of Montreal (NYSE:BMO [https://seekingalpha.com/symbol/BMO]) to replace its existing normal course issuer bid with the revised bid to purchase for cancellation up to 30 million of its common shares.
* The new bid represent 4.2% of public float as of July 31, 2025.
* As of August 22, 2025, the Bank had purchased 15.7 million common shares under the existing bid and was scheduled to terminate on January 21, 2026, unless terminated earlier in accordance with its terms.
* There were 716,360,515 Bank of Montreal common shares issued and outstanding as of July 31, 2025, and the public float was 716,119,627 common shares.
* BMO +1.9% premarket to $116.0
* Source: Press Release [https://seekingalpha.com/pr/20211027-bmo-financial-group-announces-intention-to-purchase-for-cancellation-up-to-30-million-of-its]
MORE ON BANK OF MONTREAL
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* Canadian banks FQ3 earnings preview - Lower provisions, weak loan growth expected [https://seekingalpha.com/news/4488926-canadian-banks-fq3-earnings-preview---lower-provisions-weak-loan-growth-expected]
* Bank of Montreal: Tallying The Scorecard [https://seekingalpha.com/article/4800993-bank-of-montreal-tallying-the-scorecard]
* Bank of Montreal Is Strategically Positioned, But Valuation And Retracement Warrant A Hold Rating [https://seekingalpha.com/article/4799418-bank-of-montreal-is-strategically-positioned-but-valuation-and-retracement-warrant-a-hold-rating]
* Bank of Montreal: Canada's Longest-Running Uninterrupted Dividend Payer [https://seekingalpha.com/article/4794318-bank-of-montreal-canadas-longest-running-uninterrupted-dividend-payer]
BMO Financial to now repurchase upto 30M common shares through revised bid
Published 2 months ago
Aug 26, 2025 at 10:39 AM
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