BMO IBD future outlook
I’ve seen some threads about BMO was looking to get more insight on the firm’s outlook. Do you guys think it will grow enough to compete with the BBs? They do have a big balance sheet, a commercial bank presence, have expanded office space (new building Chi by summer 2021), hired MDs from other BBs, gain market share once DB becomes irrelevant. If anyone has any insight on dealflow, exits, pay and culture would also like to hear more about that.
Nah. Too conservative to make a business as volatile as IB a significant driver of results.
Also interested in this one!
BMO culture is legendarily bad - there's an entire thread dedicated to this, complete with ex-BMO senior coming in and agreeing it's toxic.
Link or know what key word I can google?
Here you go
https://www.wallstreetoasis.com/forums/state-of-bmo-in-2020
Is this the case for their US offices or just Canadian? I have heard Canadian culture is very toxic but would love some insight on US
BMO culture (at least in chicago) is the best I've ever seen
Former BMO alum here. BMO has been doing very poorly and losing meaningful US IBD market share since at least 2017. At this point I think the bank is probably in the midst of reevaluating their strategic focus for the franchise and would not be surprised if they started de-prioritizing US IBD. I would say if someone is starting his / her career in a coverage group and has literally any other MM IBD offers on the table, go with those. The culture, at least when I was there, also left much to be desired..
What about BMO overall in the US, including corporate and commercial banking? I think I heard they announced some layoffs late last year but not sure which regions or divisions.
Can't speak to corporate / commercial banking as I was in IBD. Still have a post-MBA buddy there and yes, they have gone through 2+ waves of pretty broad based layoffs during his time there.
What are you talking about man?
BMO never had any market share 😏
nice post till you said once DB becomes irrelevant. Agree DB has been man stumbling but becomes irrelevant is quite shocking when you are comparing it to BMO.
Seems that they are hoping to expand their investment banking in the US? Could someone comment on the conflicting information?
https://www.bloomberg.com/news/articles/2019-10-08/bmo-capital-markets-…
bump
As opposed to not paying bonuses? Can confirm they paid bonuses >0
Choose BMO if you want to be in Metals and Mining. Best mining group globally. Otherwise, stay away
Not good bro, sleepy coverage group. It's crazy how their rep as a bank is so bad but the Metals & Mining group is the best in the world. I'm telling you bro, if you work at BMO, try to get into the M&M group. Its either that or bust
BMO is not the best mining franchise globally. They are strong in North America, but BMO has minimal presence in Europe, Asia and Australia. BB mining groups do a lot better over there
Apologies if I'm misinformed. I was citing the annual Global Data investment banking report in which BMO ranks 1st for the mining category
we have a strong presence in EU thx
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