Scotiabank raises Bank of Montreal price target to C$239

0 min read | Published on 16 Jun 2026, 10:07 PM |Updated on 16 Jun 2026, 10:07 PM

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Radhika SScanX News Team

Key Highlights

Scotiabank analyst Mike Rizvanovic maintains a Sector Outperform rating on Bank of Montreal and raises the price target to C$239 from C$234, signaling a positive outlook.

*this image is generated using AI for illustrative purposes only.

Scotiabank analyst Mike Rizvanovic has maintained a Sector Outperform rating on Bank of Montreal and raised the price target to C$239 from C$234. The adjustment reflects an updated valuation outlook for the bank's stock.

Rating and Price Target Details

The revised price target of C$239 represents an increase from the previous target of C$234. The Sector Outperform rating indicates a positive outlook relative to the banking sector.

Metric	Value
Rating	Sector Outperform
Previous Price Target	C$234
New Price Target	C$239

What specific factors are driving the updated valuation outlook for Bank of Montreal?

How might Bank of Montreal's performance compare to its sector peers in the coming quarters?

What risks could potentially derail the achievement of the new C$239 price target?

BMO to redeem $1 billion Series K notes on July 22

1 min read | Published on 16 Jun 2026, 02:58 AM |Updated on 16 Jun 2026, 02:58 AM

Reviewed by

Riya DScanX News Team

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Key Highlights

Bank of Montreal will redeem $1 billion of its 1.928% Series K Medium-Term Notes on July 22, 2026, at par value plus accrued interest. The notes, originally due in 2031, are subordinated indebtedness classified as Non-Viability Contingent Capital. The Office of the Superintendent of Financial Institutions has approved the redemption.

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Bank of Montreal announced it will redeem all of its $1 billion 1.928% Series K Medium-Term Notes (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) First Tranche due July 22, 2031. The redemption is scheduled for July 22, 2026, at a price equal to 100% of the principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date. Interest on the notes will cease to accrue following the redemption date.

The Office of the Superintendent of Financial Institutions has approved the redemption. Notice of the redemption will be delivered to holders of the notes in accordance with the terms of the related indenture.

Key Details of the Redemption

Detail	Information
Issuer	Bank of Montreal
Instrument	Series K Medium-Term Notes (NVCC) (Subordinated Indebtedness) First Tranche
Principal Amount	$1 billion
Coupon Rate	1.928%
Original Maturity Date	July 22, 2031
Redemption Date	July 22, 2026
Redemption Price	100% of principal amount plus accrued interest

BMO Financial Group reported total assets of $1.5 trillion as of April 30, 2026. The bank provides personal and commercial banking, wealth management, global markets, and investment banking products and services across Canada, the United States, and select markets globally.

How does BMO plan to refinance the $1 billion liability given current interest rate environments?

Will the redemption of these NVCC notes impact BMO's future capital ratios or regulatory requirements?

Does this early redemption signal a strategic shift in BMO's approach to managing subordinated debt?