BMO deal flow 2024

Based on the most helpful WSO content, here are some insights on BMO Capital Markets' deal flow and reputation:

1. Reputation and Prestige:

   • BMO Capital Markets has been described as a decent brand where you can learn a good amount. However, there have been concerns about morale and culture, especially in recent years.
   • The firm has faced issues such as unrealistic goals, below-street compensation, and declining culture, which have led many professionals to seek opportunities elsewhere.

2. Deal Flow:

   • BMO has a significant presence in the middle market, with deal flow being decent in coverage groups. LevFin (Leveraged Finance) is noted as the bread and butter of the firm.
   • The firm has experienced some struggles, particularly after losing key MDs in their metals and mining group, which was a significant revenue driver. Despite these challenges, BMO is still considered a solid shop with potential for recovery.

3. Future Outlook:

   • There have been discussions about BMO's potential to grow and compete with bulge bracket banks. The firm has a big balance sheet, a commercial bank presence, and has expanded office space and hired MDs from other BBs.
   • The outlook for BMO includes gaining market share, especially as other banks like Deutsche Bank become less relevant.

In summary, while BMO Capital Markets has faced some challenges, it remains a solid player in the middle market with potential for growth and recovery. The firm's deal flow is decent, particularly in coverage groups like LevFin.

Sources: State of BMO in 2020, Does Prestige in Commercial Real Estate Development Exist? Google/Blackstone/McKinsey equivalents?, Walk me through the Canadian IB sector, https://www.wallstreetoasis.com/forum/investment-banking/bmo-ibd-future-outlook?customgpt=1, BMO Sponsor Finance insight?