BMO news sentiment

Raymond James Financial Issues Positive Forecast for Bank of Montreal (TSE:BMO) Stock Price

Why Airbnb (ABNB) Stock Is Up Today

Why Airbnb (ABNB) Stock Is Up Today What Happened? Shares of online accommodations platform Airbnb (NASDAQ:ABNB) jumped 3.8% in the afternoon session after BMO Capital raised its price target on the stock to $165 from $146, reflecting the company's stronger-than-expected second-quarter results and raised outlook. The price target adjustment came on the heels of an earnings report where Airbnb delivered revenue of $3.61 billion—a 16.5% increase year-over-year—and adjusted earnings per share of $1.37, beating consensus estimates on both the top and bottom lines. Demand remained robust as nights and experiences booked grew by 14 million to reach 148 million. While BMO maintained its Market Perform rating, the firm acknowledged the underlying momentum, noting that adjusted EBITDA hit $1.26 billion and operating margins expanded to 21% from 19.8% a year earlier.The firm also highlighted management's confident forward guidance. Airbnb projected third-quarter revenue of $4.73 billion at the midpoint, coming in above Wall Street expectations, and raised its full-year profitability outlook to an adjusted EBITDA margin of at least 35.5%. Although BMO analyst Brian J. Pitz noted Airbnb's long-term ambition to evolve into a universal living app, the firm cautioned that regulatory risks in major markets remained a key concern for the business model. The shares were trading at $184.49, up 4.1% from the previous close. Is now the time to buy Airbnb? Access our full analysis report here, it's free. What Is The Market Telling Us Airbnb's shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The previous big move we wrote about was 3 days ago when the stock gained 15.1% on the news that the company delivered a strong second-quarter that beat all estimates across the board and raised its full-year guidance. The company reported second-quarter 2026 revenue of $3.61 billion, a 16.5% year-over-year increase that beat analyst estimates of $3.58 billion. Adjusted EPS came in above analyst estimates, and Adjusted EBITDA also beat expectations. The company expanded its operating margin to 21%, up from 19.8% in the same quarter last year, while free cash flow margin came in at 34.7%. Strong global travel demand drove Nights and Experiences Booked up by 14 million year-over-year to 148 million, prompting management to raise their full-year revenue and margin outlooks. Management attributed the comprehensive acceleration to the company's transition to an AI-native platform, which has driven an 80% year-over-year increase in product improvements and reduced the time from concept to launch by up to 60%. This AI integration is also driving operational efficiency, with nearly 45% of customer support issues now resolved by an AI assistant, leading to a 16% year-over-year decline in support costs per booking. Additionally, Airbnb is seeing rapid expansion in its hotel segment, which is now growing three times faster than home bookings. Overall, Airbnb's successful integration of AI and its expanding footprint in the hotel market are paying off, driving both top-line growth and improved profitability. The strong quarter and raised guidance suggest the company is well-positioned to capitalize on resilient travel demand going into the second half of the year. Story Continues Airbnb is up 38.7% since the beginning of the year, and at $184.49 per share, it has set a new 52-week high. Investors who bought $1,000 worth of Airbnb's shares 5 years ago would now be looking at an investment worth $1,247. ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who's building AI, one company is already using it to print money. And nobody's paying attention. AI chip stocks trade at ridiculous valuations. This company pr

TSX Closer: Index Closes at Fresh Record High as Oil, Utilities and Telecom Stocks Rise

The S&P/TSX Composite Index closed at a new record high for the third straight session on Tuesday as higher oil prices and gains in utilities and telecommunications stocks offset weakness in the technology sector.The index closed up 17.59 points, or 0.1%, at 36,475.92, with mixed Silver Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade now

Canada's Falling Unemployment Rate Reflects Lower Breakeven Job Growth, BMO Says

Canada's unemployment rate continues to fall despite weak employment growth, reflecting a sharp decline in the breakeven rate of job creation, according to BMO Capital Markets in a note.Recent job gains have been robust, but six- and 12-month average employment growth is running Silver Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade now

Moneris announces acquisition by Francisco Partners

New investment from Francisco Partners and long‑term referral agreements with BMO and RBC further the company's commitment to advancing Canadian commerce TORONTO, and SAN FRANCISCO, Calif., Aug. 10, 2026 /CNW/ -- Moneris Solutions Corporation ("Moneris"), a leader in Canadian commerce solutions, and Francisco Partners ("FP"), a leading global investment firm that specializes in partnering with technology companies, today announced that FP has entered into a definitive agreement to acquire Moneris from Bank of Montreal (BMO) and Royal Bank of Canada (RBC), subject to customary regulatory approvals and closing conditions.Moneris logo Under the terms of the agreement, FP will acquire Moneris for cash consideration of approximately C$2.0 billion, with BMO and RBC each receiving a 50 percent share. Further, long-term referral agreements have been established with both BMO and RBC, under which they will exclusively refer customers, reflecting Moneris' position as Canada's trusted payments and commerce partner and reinforcing the innovation, continuity and stability that Moneris is known for. FP combines deep expertise in payments and fintech with extensive experience growing technology-enabled businesses globally. The firm has a strong track record of long-term investment and supporting operational excellence, innovation and growth, as evidenced by its investments in Hypercom, Paymetric, PayLease, NMI and Verifone, among others. Its investment in Moneris reflects confidence in the company's mission, performance and future potential, while providing additional expertise, resources and strategic support to help accelerate the company's next phase of growth and innovation. As part of the transaction, Jeff Sloan, former President and CEO of Global Payments Inc., and a highly regarded payments industry leader, will join Moneris as Chairman. Sloan brings decades of global experience and a proven track record, complementing the strength of Moneris' experienced leadership team. As ownership transitions to FP, Moneris' commitment to serving Canadian businesses will remain unchanged, as reflected in its leadership, people, presence and platforms, including nearly 2,000 team members across the country, a head office and technology infrastructure fully resident in Canada and a continued dedication to local communities from coast to coast to coast. "This announcement marks an exciting next step in Moneris' continued evolution as the company that powers Canadian commerce," said James Hicks, President and CEO at Moneris. "With Francisco Partners' deep global expertise in technology and payments, we are well-positioned to further accelerate our ambitious strategy and continue to broaden the wide choice of solutions, support and experiences we deliver to businesses to help them achieve their aspirations. Importantly, our commitment to our customers, partners and people remains unchanged, and we will continue to operate with the same focus, values and leadership that have defined Moneris for more than two decades. The deep relationships we have built with BMO and RBC extend well beyond ownership. Their decision to establish long-term referral agreements and maintain ongoing commercial relationships with Moneris reflects the confidence both organizations have in Moneris and provides a strong foundation for continuity, collaboration and long-term growth. I am also pleased to be working again with Jeff Sloan, whose industry experience and perspective will complement the strong momentum our team has built." Story Continues "For 25 years, Moneris has earned the trust of Canadian businesses by delivering secure, reliable and innovative payment solutions," said Sharon Haward-Laird, Group Head, Canadian Commercial Banking & North American Integrated Solutions, and Co-Head Canadian Personal & Commercial Banking, BMO. "This next chapter will enable Moneris to build on that strong foundation while accelerating its strategy in a rapidly evolving payments landsca

RBC announces sale of Moneris to Francisco Partners

TORONTO, Aug. 10, 2026 /CNW/ -- Royal Bank of Canada (TSX: RY) (NYSE: RY) announced that together with BMO Financial Group, it has entered into an agreement for the sale of jointly-owned Moneris Solutions Corporation ("Moneris"), a leader in Canadian commerce solutions, to Francisco Partners, a global technology investment firm, for cash consideration of approximately $2 billion, of which RBC's share is 50%. Concurrent with the closing of the transaction, RBC and BMO will enter into new exclusive, long-term customer referral arrangements with Moneris.RBC The transaction marks the next chapter for Moneris, positioning the business to accelerate its strategy and continue delivering value to Canadian businesses. Since its creation 25 years ago, Moneris has become one of Canada's largest commerce solutions providers, helping businesses accept and manage payments at over 325,000 points of commerce. Moneris offers versatile payment options and integrated solutions customized for the Canadian market, allowing merchants to focus on running and growing their business. With a deep history in payments and financial technology and a strong track record in accelerating growth, Francisco Partners brings global experience in scaling financial technology companies and deep expertise in innovative Payments and Commerce offerings. Francisco Partners' complementary portfolio companies include leaders in embedded payments, omni-channel commerce gateways as well as smart point-of-sale (POS) solutions. With access to Francisco Partners' global platform, Moneris is expected to accelerate modernization and growth across small, medium and enterprise businesses in the Canadian marketplace. RBC and BMO will continue their long-standing relationships with Moneris through exclusive long-term customer referral arrangements, which will ensure that new and existing business clients receive the trusted support and innovative solutions they have come to expect from Moneris over many years. "Moneris has played a central role in enabling Canadian businesses to modernize and scale by connecting them with more consumers more often through innovative payments solutions across the commerce ecosystem," said Sean Amato-Gauci, Group Head, Commercial Banking, RBC. "The trusted team, leading platforms and unwavering commitment to clients that Moneris is known for will be leveraged and amplified by Francisco Partners in this next stage of growth. We're eager to see the accelerated investment in innovation and modernized solutions Moneris will bring to our valued business clients and the Canadian market." Story Continues The transaction is expected to close by the end of the first quarter of fiscal year 2027, subject to customary closing conditions, including receipt of required regulatory approvals. RBC expects to record a gain on closing of approximately $475 million after-tax ($560 million pre-tax) which will be treated as an adjusting item. The expected gain is based on current estimates and subject to change. The transaction is also expected to have a marginally positive impact to RBC's common equity Tier 1 ("CET1") ratio1 upon close and is not expected to have a significant impact on the bank's future run rate earnings. RBC Capital Markets acted as financial advisor to RBC. Blake, Cassels & Graydon LLP acted as legal counsel to RBC. 1 CET1 is calculated based on OSFI's Capital Adequacy Requirements (CAR) guideline. Caution regarding forward-looking statements This press release contains forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. Forward-looking statements in this press release may include, but are not limited to, statements about a referral arrangement with Moneris, the timing of the closing of the transaction with Moneris (the "Transaction"), the activities of Moneris followin

BMO Announces Sale of Moneris

TORONTO, Aug. 10, 2026 /CNW/ -- BMO Financial Group (TSX: BMO) (NYSE: BMO) announced today that together with Royal Bank of Canada, it has entered into an agreement for the sale of jointly-owned Moneris Solutions Corporation, a leader in Canadian commerce solutions, to Francisco Partners, a leading technology investment firm, for cash consideration of approximately $2.0 billion, of which BMO's share is 50%. Concurrent with the closing of the transaction, BMO and RBC will enter into new exclusive, long-term referral arrangements with Moneris. The transaction marks the next chapter for Moneris, positioning the business to accelerate its strategy and continue delivering value to Canadian businesses. Since its creation 25 years ago, Moneris has become one of Canada's largest commerce solutions providers, helping businesses accept and manage payments at over 325,000 points of commerce. Moneris offers versatile payment options and integrated solutions customized for the Canadian market, allowing merchants to focus on running and growing their business. Backed by a strong track record of investing in technology-enabled businesses, Francisco Partners has global experience in scaling financial technology companies and deep sector expertise in innovative Payments and Commerce offerings. Francisco Partners' portfolio companies include industry leaders in embedded payments, omni-channel commerce gateways as well as electronic point-of-sale (POS) solutions. With access to Francisco Partners' global platform and ability to mobilize existing capabilities and future innovations for the Canadian market, Moneris will continue its commitment to Canadian businesses by bringing leading global capabilities and domestic specialties to further strengthen the Canadian commerce ecosystem. BMO and RBC will maintain their long-standing relationships with Moneris through exclusive customer referral arrangements, helping to ensure new and existing business clients continue to receive the trusted support and leading global solutions from Moneris. "For 25 years, Moneris has earned the trust of Canadian businesses by delivering secure, reliable and innovative payment solutions," said Sharon Haward-Laird, Group Head, Canadian Commercial Banking & North American Integrated Solutions, and Co-Head Canadian Personal & Commercial Banking, BMO. "This next chapter will enable Moneris to build on that strong foundation while accelerating its strategy in a rapidly evolving payments landscape. Through our ongoing referral arrangements, clients will continue to benefit from the trusted support and solutions they rely on today." Story Continues BMO expects to record a gain on closing of approximately $600 million after-tax ($620 million pre-tax), which will be recorded in Non-Interest Revenue in Corporate Services as an adjusting item. On a pro forma basis, the transaction is expected to improve the bank's common equity Tier 1 (CET1) ratio by approximately 15 bps. The transaction is not expected to have a significant impact on the bank's future run rate earnings. The transaction is expected to close by the end of the first quarter of fiscal year 2027, subject to customary closing conditions, including receipt of required regulatory approvals. BMO Capital Markets acted as financial advisor to BMO. Osler, Hoskin and Harcourt LLP acted as legal counsel to BMO. About BMO Financial Group BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of April 30, 2026. Serving clients for more than 200 years, BMO provides a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services across Canada, the United States, and select markets globally. BMO is innovating for business value, by deploying and integrating human, digital and artificial intelligence to personalize client experiences, augment teams, and automate its business responsibly. Driven by its purpose,

RADIANT LOGISTICS ANNOUNCES AMENDED AND RESTATED $200 MILLION SECURED REVOLVING CREDIT FACILITY

RENTON, Wash., Aug. 10, 2026 /PRNewswire/ -- Radiant Logistics, Inc. (the "Company") (NYSE American: RLGT) today announced that it has completed the syndication of an amended and restated $200.0 million syndicated secured revolving credit facility (the "Secured Facility"), which amends, restates, and refinances the Company's existing $200.0 million revolving credit facility that was otherwise scheduled to mature on August 5, 2027. The Secured Facility enhances the Company's financial flexibility, providing increased capacity to fund future acquisitions, capital expenditures or for other corporate purposes, including, if warranted at the time, the repurchase of the Company's common stock. Under the Secured Facility (i) BofA Securities, Inc. will act as a joint book runner and joint lead arranger, (ii) each of Bank of Montreal and PNC Bank, National Association will act as a lender, a joint book runner, a joint lead arranger, and a co-syndication agent, (iii) Keybank National Association will act as a lender, and (iv) Bank of America, N.A., will act as a lender and will also serve as the administrative agent. Under the terms of the amended and restated Secured Facility, the Company may borrow up to $200 million, subject to compliance with customary and standard financial coverage covenants and ratios. Included within the Secured Facility is an accordion feature that has been increased from $75 million to an additional $100 million to support future acquisition opportunities. Borrowings under the Secured Facility accrue interest at SOFR plus a margin ranging from 137.5 basis points to 212.5 basis points, in each case adjusted based on the Company's consolidated net leverage ratio, together with a commitment fee on unused commitments ranging from 15.0 to 30.0 basis points — in each case a reduction from pricing under the prior facility, which also eliminates the credit spread adjustment previously applicable to borrowings. The Secured Facility carries a new five-year term, extending the maturity of the facility to 2031, and is secured by accounts receivable and other assets of the Company and its subsidiaries. For general borrowings under the Secured Facility, the Company is subject to a maximum consolidated net leverage ratio of 3.0x and a minimum consolidated interest coverage ratio of 3.0x. Additional minimum availability requirements and financial covenants apply in the event the Company seeks to use advances under the Secured Facility to pursue acquisitions or repurchase its common stock. Under the terms of the Secured Facility, as of March 31, 2026, the Company had $25.0 million drawn on the facility and $39.6 million in cash on hand resulting in the Company having no net debt, which the Company expects to remain unchanged on a pro forma basis immediately following the closing of the amended and restated Secured Facility. Story Continues "We are very pleased to announce our amended and restated $200 million Secured Facility and appreciate the strong support and confidence of our banking group," said Bohn Crain, Founder and CEO of the Company. "The amended Secured Facility provides us access to low-cost capital on improved terms, including a lower pricing grid, an extended five-year maturity to 2031, and an expanded $100 million accordion, giving us continued financial flexibility as we look to maximize long term shareholder value through a combination of organic growth and strategic acquisitions as well as opportunities to buyback of our common stock." About Radiant Logistics, Inc. Radiant Logistics, Inc. (www.radiantdelivers.com) is a third-party logistics and multimodal transportation services company delivering advanced supply chain solutions through a network of company-owned and strategic operating partner locations across North America. Through its comprehensive service offerings, the Company provides domestic and international freight forwarding services, truck and rail brokerage services and other value-added supply

Behind Bessent Moves, Wall Street Sees Sign of Bond-Market Angst

(Bloomberg) -- Wall Street traders and strategists say US Treasury Secretary Scott Bessent is sending fresh signals that he's eager to keep bond yields from spiking higher. Most Read from Bloomberg Trump Amps Up Pressure on Billionaire Sargeant to Exit Venezuela Iran Says Hormuz Deal Close But Its Conditions Must Be Met OpenAI's New Device Will Be Hockey Puck-Sized and Cost Over $300 America's Cyber Forces Grapple With Cluster of Deaths by Suicide Walmart Tests Fulfillment Cart Changes After Child Hit in Store Over the course of a week, he took steps that they see as aimed at easing pressure on the Treasury market after long-term rates surged to a 19-year high, pushing up costs for everyone from homebuyers to vast swaths of corporate America. First, he staged the US's first currency intervention to prop up the yen since 1998, mitigating the risk that Japan would dump US government bonds to raise the dollars needed to buy the currency on its own. And he pointed to a Federal Reserve facility that Tokyo could tap in the future. Then at last week's quarterly bond sales announcement, a subtle and unexpected change to his department's guidance was seen as opening the door to potential cuts in long-bond sales. Bessent has also been taking to the airwaves and social media to defend the new communications strategy of Federal Reserve Chairman Kevin Warsh, who caused yields to surge after last month's meeting when he failed to explain how — or when — the central bank may act to bring down inflation. Taken together, the moves indicate that Bessent is attempting to do what's in his power to stem the ascent of long-term bond rates, which have climbed due to persistent inflation and nearly $2 trillion annual budget deficits that are resulting in an ever-increasing supply of new debt. "The Fed and the Treasury have to be getting concerned about the level of long-end rates," said Priya Misra, portfolio manager at JPMorgan Asset Management. "The intervention with Japan, support for Warsh and a possible reduction in long-end supply can be attempts for Treasury to signal that they are aware of the rate-market move and do not hesitate to use the different tools at their disposal." In the end, Bessent's influence is limited, given the bigger forces at work. On Friday, Treasury yields dipped after a Labor Department report showed significant weakening in the job market, a sign the economy is cooling. A lower-than-expected rise in the consumer-price index on Wednesday could reinforce the market's move. Story Continues Yet the Treasury's actions were seen as a sign that it's willing to do what it can to get borrowing costs lower, which President Donald Trump has repeatedly said is a priority. Spokespeople for the Treasury didn't respond to a request for comment. Early last year, after Trump's return to the White House, Bessent said the administration's main focus was on lowering 10-year yields, which serve as a baseline for mortgages and other types of loans. He said its fiscal policies would help accomplish that goal by reducing government spending, helping to ease inflation. In November, while referring to his job as "the nation's top bond salesman," Bessent, a former hedge fund manager, said Treasury yields are a "strong barometer for measuring success." But the adminstration's spending cuts had little impact and its tax reductions will add significantly to the government debt in the coming decade. The attacks on the Fed from Trump, who last week revived his threat to fire Governor Lisa Cook, have worried investors by jeopardizing the central bank's independence. And the Iran war's oil-price spike has created a fresh inflation shock that's helped push the 10-year yield up to around 4.65%, higher than it was at the start of Trump's second term. "With the spending policy that's been adopted and the war, it's going to be hard to relieve pressure on the long end," said John Velis, US macro strategist at BNY. Against that backdrop, the Treasury's recent

The Clearing House and the Tokenized Deposit Gambit

The recent announcement by The Clearing House regarding a shared tokenized deposit network is less about technological innovation and more about a defensive maneuver to protect the $6.6 trillion in deposits currently at risk from stablecoin encroachment. While individual banks have been busy launching proprietary pilots, the real story is the consortium's attempt to build a unified, interoperable infrastructure. This move signals that the largest financial institutions have finally recognized that fragmented, single-bank tokens cannot effectively compete with the liquidity and network effects of the $263 billion stablecoin market. Owned by 25 major financial institutions, the consortium includes lead banks such as JPMorgan, Bank of America, Citigroup, and Wells Fargo, alongside participants like HSBC, BMO Financial Group, Truist, and Fifth Third Bank. The target launch for this shared network is the first half of 2027. By pooling resources, these banks aim to create a system that allows for the movement of tokenized deposits between member institutions around the clock, effectively creating a programmable treasury environment that could fundamentally alter corporate liquidity management. This consortium approach stands in stark contrast to the strategy seen at institutions like Wells Fargo, which is currently pursuing a dual-track strategy of proprietary and consortium-based development. The gap between these two halves reveals the real stakes, as banks hedge their bets between maintaining total control over their own digital assets and participating in a broader, industry-wide standard. It is a calculated risk, acknowledging that while proprietary tokens offer immediate branding, they fail to solve the fundamental problem of interbank settlement on private blockchains. The financial motivation for this pivot is clear when considering the U.S. Treasury's estimate that up to $6.6 trillion in deposits are vulnerable to the yield-bearing nature of stablecoins. The American Bankers Association has leveraged this figure to push for stricter oversight, culminating in the GENIUS Act, which prohibits stablecoin interest and aims to close regulatory loopholes. With an effective date of January 18, 2027, the banks are racing to build a compliant, interest-bearing alternative that keeps capital within the regulated perimeter, effectively using code to reinforce their existing regulatory moat. Technically, the network intends to bridge blockchain technology with the existing CHIPS and RTP rails. CHIPS, which settled an average of $2 trillion per day in 2025, remains the backbone of large-value wire transfers, yet its reliance on a settlement layer that closes on weekends creates a significant friction point. By integrating tokenized deposits with these established rails, the consortium hopes to offer the speed of crypto-native assets with the finality of traditional bank money, though the design challenge of weekend settlement remains a persistent hurdle. Story Continues This is a battle over the definition of settlement versus payments. Banks are fighting to ensure that the settlement of value remains within the regulated perimeter, rather than migrating to the permissionless, non-bank-issued assets that currently dominate the digital space. As David Watson, CEO of The Clearing House, noted in a PYMNTS interview, tokenized deposits are an evolution of commercial bank money, not a replacement, and scaling them requires deep collaboration across technology providers to ensure true interoperability. However, history provides a sobering backdrop for such grand consortium ambitions. Previous industry efforts like we.trade, Marco Polo, and Contour all promised to revolutionize trade finance and settlement, only to succumb to insolvency or dissolution between 2022 and 2023. The complexity of aligning 25 competing institutions is immense, and as reported by Forbes, the irony is palpable: two of the four lead banks in this consortium are simultan

Canadian Utilities (TSE:CU) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

State of Wyoming Takes $1.17 Million Position in Bank Of Montreal $BMO

Candriam S.C.A. Has $32.95 Million Stake in Bank Of Montreal $BMO

BMO buys first SGC Notes as Canada backs new collateral market

Scotiabank Raises its Price Target on Bank of Montreal (BMO)