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Norwegian wealth fund invests $1.01 billion in Bank of Montreal, buying 10.46 million shares.
Norwegian wealth fund Norges Bank invested $1.01 billion in Bank of Montreal (BMO), purchasing 10.46 million shares.
BMO surpassed analyst estimates with Q4 earnings of $3.04 per share, up from $1.68 expected.
The bank's market cap is $70.57 billion, with a price-to-earnings ratio of 13.91 and a dividend yield of 4.57%.
Institutional investors now own 45.82% of BMO's shares.
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El fondo de riqueza noruego invierte 1.010 millones de dólares en el Banco de Montreal, comprando 10.46 millones de acciones.