BMO Renews Buyback Plan for 25 Million Shares

Dow Jones Newswires, 25 July 2007There could be more than meets the eye in Bank of Montreal's renewed normal course issuer bid for 25 million shares, says Genuity Capital Markets. The proposed Normal Course Issuer Bid is much larger than the bank's 4 year average, and if completed, means BMO will have returned more than 100% of earnings in dividends and buybacks. Analyst suggests BMO's move means