BRIEF-BMO CEO says bank is not actively looking to make an acquisition in US banking - Conf. Call

BY Reuters | ECONOMIC | 12/04/25 10:35 AM EST

Dec 4 (Reuters) - Bank of Montreal (BNKD):

* BMO CEO SAYS CANADIAN UNEMPLOYMENT RATE IS LIKELY TO REMAIN ABOVE 7% THROUGH THE MIDDLE OF 2026, PRESENTING SOME CHALLENGES, PARTICULARLY TO CONSUMER CREDIT - CONF. CALL

* BMO EXEC EXPECTS CORE EXPENSE GROWTH TO BE IN THE MID SINGLE DIGIT RANGE IN 2026

* BMO EXEC SAYS EXPECT TO CONTINUE BUYING BACK SHARES IN 2026

* BMO EXEC SAYS EXPECT CAPITAL MARKETS AND WEALTH MANAGEMENT TO MAINTAIN THEIR STRONG PERFORMANCE IN 2026

* BMO CRO ANTICIPATES A SOFTER ECONOMIC ENVIRONMENT IN CANADA IN 1H 2026 WITH TRADE UNCERTAINTY AND SUBDUED CONSUMER SENTIMENT

* BMO CEO SAYS BANK IS NOT ACTIVELY LOOKING TO MAKE AN ACQUISITION IN US BANKING Source text: Further company coverage:

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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