BMO agrees to sell transportation, vendor finance businesses to Stonepeak

Bank of Montreal
GE Aerospace

Bank of Montreal

BMO

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GE Aerospace

GE

0.00
  • BMO agreed to sell its Transportation Finance and Vendor Finance businesses in US and Canada to Stonepeak for cash consideration with an earnout tied to future performance.
  • Combined loan and lease portfolio totaled about CAD 14.5 billion as of March 31, 2026.
  • Part of proceeds earmarked for an approximately 19.9% equity stake in the new entity, retaining exposure to future income from the businesses.
  • Bank expects a net after-tax charge of about CAD 0.9 billion in Q3 2026, mainly tied to goodwill.
  • Deal expected to close in Q4 2026; pro forma CET1 ratio seen rising about 28 bps, with limited impact on future run-rate earnings.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BMO - Bank of Montreal published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605111730PR_NEWS_USPR_____TO56508) on May 11, 2026, and is solely responsible for the information contained therein.

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