Upgrades Sec Perform Outperform X

BMO Bank of Montreal

RBC Capital Mkts

Upgrades Neutral Sec Outperform X

BMO Bank of Montreal

CIBC

Upgrades Sec Perform Sec Outperform X

BMO Bank of Montreal

Scotiabank

Downgrades Buy Neutral X

BMO Bank of Montreal

BofA Securities

Downgrades Sec Outperform Sec Perform X

BMO Bank of Montreal

Scotiabank

Downgrades Buy Hold X

BMO Bank of Montreal

Jefferies

Downgrades Buy Hold X

BMO Bank of Montreal

TD Securities

Downgrades Outperform Sec Perform X

BMO Bank of Montreal

RBC Capital Mkts

Initiated Neutral X

BMO Bank of Montreal

UBS

Downgrades Outperform Mkt Perform X

BMO Bank of Montreal

Keefe Bruyette

Downgrades Buy Hold X

BMO Bank of Montreal

Desjardins

Initiated Overweight X

BMO Bank of Montreal

Barclays

Initiated Buy X

BMO Bank of Montreal

Jefferies

Upgrades Neutral Buy X

BMO Bank of Montreal

BofA Securities

Resumed Buy X

BMO Bank of Montreal

Canaccord Genuity

Resumed Outperform X

BMO Bank of Montreal

Credit Suisse

Downgrades Buy Neutral X

BMO Bank of Montreal

BofA Securities

Initiated Outperform X

BMO Bank of Montreal

Credit Suisse

Downgrades Outperform Sec Perform X

BMO Bank of Montreal

National Bank Financial

Upgrades Eq Weight Overweight X

BMO Bank of Montreal

Barclays

Upgrades Sec Perform Outperform X

BMO Bank of Montreal

RBC Capital Mkts

Upgrades Sec Perform Outperform X

BMO Bank of Montreal

National Bank Financial

Upgrades Neutral Buy X

BMO Bank of Montreal

BofA Securities

Upgrades Neutral Outperform X

BMO Bank of Montreal

Credit Suisse

Upgrades Sec Perform Sec Outperform X

BMO Bank of Montreal

Scotiabank

Downgrades Sec Outperform Sec Perform X

BMO Bank of Montreal

Scotia Howard Weil

Downgrades Neutral Underperform X

BMO Bank of Montreal

BofA/Merrill

Downgrades Outperform Neutral X

BMO Bank of Montreal

Macquarie

Upgrades Sec Perform Outperform X

BMO Bank of Montreal

RBC Capital Mkts

Upgrades Sec Perform Outperform X

BMO Bank of Montreal

National Bank Financial

Upgrades Neutral Outperform X

BMO Bank of Montreal

Macquarie

BMO  Bank Of Montreal

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets. The P&C business includes two retail and business banking operating segments, such as Canadian Personal and Commercial Banking (Canadian P&C), and the United States Personal and Commercial Banking (US P&C). The Bank's Wealth Management business serves a range of client segments, from mainstream to ultra-high net worth and institutional, with an offering of wealth management products and services, including insurance. BMO Capital Markets is a North American-based financial services provider offering a range of products and services to corporate, institutional and government clients. The Bank has over 1,500 bank branches in Canada and the United States.