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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move underscoring Canadian banks' push into foreign capital markets, Bank of Montreal (BMO) has announced an agreement to acquire the Australian capital markets business of Euroz Hartleys, according to reports. Financial terms of the deal were not disclosed, but it is part of BMO's strategy to strengthen its presence in Asia-Pacific markets.
The deal comes as several global banks restructure their Asia-Pacific operations. BMO shares closed at 176.08 on June 29, 2026, per market data, reflecting relative stability amid expectations surrounding this expansionary step.
Investors are monitoring the deal's development and its potential impact on BMO's earnings in coming quarters, as no closing date has been announced yet. At current share levels around 176, the transaction may be neutral in the near term but could support longer-term growth in the absence of other immediate catalysts.
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