BMO Financial Group (Bank of Montreal) is a North American bank offering personal banking, commercial banking, wealth management, and capital markets services. BMO is Canada's third largest bank by market capitalization and ranks in the top 10 U.S. banks by assets. BMO's two largest businesses are its Canadian and U.S. banking franchises, which serve retail customers, small businesses, and commercial clients through over 1,800 branches, digital platforms, and dedicated relationship managers. BMO earns money primarily through net interest income — the spread between loan rates and deposit rates — and fee-based non-interest revenue from wealth management, capital markets, and its treasury and payment solutions (TPS) platform, which provides real-time payments and cash management to commercial clients. BMO's U.S. operations run under BMO Bank N.A., with a concentration in the Midwest and an expanding presence in California following the 2023 acquisition of Bank of the West. BMO's Wealth Management segment offers private banking, online brokerage, asset management, and insurance, and is its highest-returning segment. Capital Markets serves corporate and institutional clients with investment banking, M&A advisory, and trading, with a recognized franchise in metals and mining and Canadian M&A. BMO's near-term priorities center on improving U.S. Banking returns by exiting low-return assets, optimizing deposit mix, capturing revenue synergies from the Bank of the West acquisition, and normalizing elevated credit provisions from its wholesale portfolio.