The 12 closest competitors and alternatives to Bank of Montreal (BMO) among banking companies — ranked by similarity to what Bank of Montreal (BMO) actually does, not by market-cap band.
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Bank of Montreal, founded in Montreal, Canada, in 1817, delivers a diverse range of financial services, predominantly within North America. Its comprehensive offerings include personal banking services such as checking accounts, savings products, credit cards, mortgages, and financial advisory support. For businesses, the institution provides commercial banking solutions, including specialized deposit accounts, commercial credit cards, various loan options, cash management tools, foreign exchange, and risk management strategies. Furthermore, the company extends investment and wealth management advice, digital investing platforms, and services like investment management, trust, and custody. Bank of Montreal also offers various insurance products, covering life, accident, and travel, in addition to reinsurance solutions. Serving institutional and corporate clients, it facilitates debt and equity capital raising, provides strategic advice on mergers, acquisitions, and restructurings, and offers comprehensive trading solutions across multiple asset classes including debt, foreign exchange, and commodities. The bank also engages in loan syndication, treasury management, and risk mitigation services. Operations are supported by roughly 900 bank branches and 3,300 automated banking machines spread across Canada and the United States.
Bank of Montreal (BMO) is a banking company headquartered in Montreal, Canada. It is publicly listed (0UKH) with a market capitalisation of $116.6B. Xcout tracks 11 named people at Bank of Montreal (BMO), including William Darryl White (Chief Executive Officer & Director).
5 more named people on record for Bank of Montreal (BMO), with roles, board committees and tenure — see the full roster →
Ranked by semantic similarity — how close each company is to Bank of Montreal (BMO) by what it does, using Xcout's live company graph. Click any company for its full profile, or its competitor set.
Similar banking company
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The company was founded in 1832 and is headquartered in Toronto, Canada.
Similar banking company
Canadian Imperial Bank of Commerce provides a wide range of personal, business, commercial, and wealth management financial services. Its offerings include bank accounts, credit cards, mortgages, loans, investments, and insurance products for individuals and businesses.
Similar banking company
Established in 1855 and headquartered in Toronto, Canada, The Toronto-Dominion Bank is a multifaceted financial institution offering a diverse range of products and services across Canada, the United States, and globally. Its operations are strategically segmented into Canadian Retail, U.S. Retail, and Wholesale Banking. For its retail clientele, the bank provides essential personal financial solutions, including checking, savings, and investment accounts. It also offers various credit options, such as real estate secured lending, credit cards, and consumer loans, alongside specialized financing for automotive and recreational vehicle purchases at the point of sale. Businesses benefit from tailored services like financing, investment advice, cash management, international trade support, and daily banking operations, in addition to point-of-sale payment processing. Wealth and asset management solutions, encompassing direct investing, advisory services, and asset management, are available for both individual and institutional investors. The bank further diversifies its offerings with property, casualty, life, and health insurance products. The Wholesale Banking division caters to corporate, governmental, and institutional clients, delivering capital markets and corporate banking expertise. This includes the underwriting and distribution of new debt and equity, strategic advisory services for mergers, acquisitions, and divestitures, as well as trading, funding, and investment services. Operating under its recognizable "TD Bank" and "America's Most Convenient Bank" brands, the institution boasts a substantial physical network comprising 1,061 branches and 3,381 ATMs in Canada, along with 1,148 stores and 2,701 ATMs in the United States. These are complemented by comprehensive telephone, digital, and mobile banking platforms. The Toronto-Dominion Bank also maintains a strategic partnership with Canada Post Corporation.
Similar banking company
The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. The company offers retail and corporate checking, savings, and term deposits. It also provides lending products and services, including residential mortgage lending, automobile lending, credit cards, consumer financing, overdraft facilities to retail customers, commercial real estate lending, and commercial and industrial loans. In addition, the company offers cash and liquidity management, foreign exchange, custody administration, and settlement services. Further, it provides personal and business deposit services, residential and commercial mortgages, small and medium-sized enterprise and corporate loans, credit and debit cards, merchant acquiring, and mobile and internet banking services; and treasury services, wealth management, and fiduciary services. Additionally, the company offers discretionary investment management, managed portfolio services, money market, and mutual fund offerings, as well as advisory and self-directed brokerage options. It operates through offices in the Cayman Islands, Guernsey, Jersey, the United Kingdom, The Bahamas, Hong Kong, Switzerland, Singapore, Mauritius, and Canada, as well as Bermuda. The Bank of N.T. Butterfield & Son Limited was founded in 1784 and is headquartered in Hamilton, Bermuda.
Similar banking company
Bank of America Corporation, operating through its various subsidiaries, functions as a global financial institution, offering a broad spectrum of banking and financial solutions. Its diverse clientele includes individual consumers, small and mid-sized businesses, institutional investors, major corporations, and governments worldwide. The company's Consumer Banking division caters to everyday financial needs, providing traditional and money market savings accounts, certificates of deposit (CDs), IRAs, and both interest-bearing and noninterest-bearing checking accounts, alongside various investment products. It also issues credit and debit cards, extends residential and home equity mortgages, and offers direct and indirect loans, such as those for automotive purchases, recreational vehicles, and personal use. Within the Global Wealth & Investment Management segment, the focus is on asset management, brokerage services, banking, and a full suite of trust and retirement products. This segment also delivers comprehensive wealth management strategies and specialized asset management solutions tailored to client needs. The Global Banking unit addresses the needs of commercial clients with a range of lending options, including commercial loans, leases, commitment facilities, trade finance, and both commercial real estate and asset-based lending. Additionally, it provides sophisticated treasury solutions, encompassing treasury management, foreign exchange services, short-term investing options, and merchant processing. This unit also aids in working capital management and supports clients with debt and equity underwriting and distribution, as well as merger-related and other financial advisory services. Finally, the Global Markets division facilitates market activities through market-making, financing, and securities clearing, settlement, and custody services. It offers advanced risk management products utilizing derivatives across interest rate, equity, credit, currency, and commodity markets, in addition to foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, Bank of America had a significant reach, serving approximately 67 million consumer and small business clients. This extensive network was supported by around 4,200 retail financial centers, roughly 16,000 automated teller machines (ATMs), and digital banking platforms used by approximately 41 million active users. The corporation, established in 1784, is headquartered in Charlotte, North Carolina.
Similar banking company
Bank of Marin Bancorp functions as the parent organization for Bank of Marin, a financial institution delivering diverse services. It caters principally to small and mid-sized enterprises, independent professionals, non-profit groups, and private clientele across California. Deposit offerings include both personal and business checking and savings accounts, individual retirement accounts (IRAs), health savings accounts (HSAs), and specialized demand deposit marketplace accounts. Clients can also opt for time certificates of deposit (CDs), Certificate of Deposit Account Registry Service (CDARS), and Insured Cash Sweep (ICS) services. Its lending portfolio spans commercial real estate, commercial and industrial financing, and consumer loans, along with construction funding and home equity lines of credit. Beyond traditional banking, the bank provides business-focused solutions such as merchant and payroll services, comprehensive cash management, credit cards, and robust fraud detection tools. Digital conveniences include mobile and remote deposit capture, Automated Clearing House (ACH) transfers, wire services, and image lockbox functionality. Furthermore, the institution offers extensive wealth management and trust services, encompassing personalized investment portfolio management, financial planning, trust administration, estate settlement, custody services, and 401(k) plan administration. Customers also benefit from accessible ATMs and modern telephone and digital banking platforms. The bank maintains a physical network of twelve branch locations situated throughout Marin, southern Sonoma counties, and regions north of San Francisco, California, complemented by a dedicated loan production office within San Francisco. Founded in 1989, its corporate headquarters are based in Novato, California.
Similar banking company
Bank of Communications Co., Ltd. (BoCom) operates as a commercial bank, offering a broad spectrum of financial products and services. For individual clients, BoCom delivers a suite of personal banking solutions. These include diverse deposit options such as demand, time, call, withdrawal, foreign currency, swap management, and educational accounts, alongside certificates of deposit. Customers can also access credit and debit cards, various loan products like housing and personal financing, and comprehensive wealth management services, encompassing both product offerings and expert advisory. Its corporate banking arm caters to businesses with structured time and demand deposits, and sophisticated cash management services covering accounts receivable/payable, general account administration, liquidity optimization, and investment/financing strategies. The bank also facilitates financing, settlement, and risk management solutions, alongside syndicated loans, overdraft facilities, investment banking expertise, and offshore banking services. The latter includes foreign exchange deposits and loans, inter-bank lending, international settlements, foreign exchange trading and guarantees, and business advisory. Additionally, BoCom engages in precious metal leasing and commodity trading. International banking services encompass corporate foreign exchange wealth management, import and export settlements, documentary settlements, remittances, bill services, trade finance, and further offshore banking functionalities. Furthermore, BoCom offers treasury services, asset management, trustee services, insurance, financial leasing, and debt-to-equity swap arrangements, among other specialized financial solutions. This extensive portfolio also features trust investment, fund management, securities dealing and brokerage, reinsurance, and advanced e-banking platforms. The bank maintains a significant presence with 245 branches and 3,025 additional banking outlets throughout Mainland China. Globally, it extends its reach with 22 overseas branches, 68 international banking outlets, and representative offices in 17 countries. Established in 1908, Bank of Communications Co., Ltd. is headquartered in Shanghai, People's Republic of China.
Similar banking company
The Bank of New York Mellon Corporation delivers a comprehensive suite of financial solutions to clients in both the United States and across international markets. Its operations are structured across distinct segments: Securities Services, Market and Wealth Services, Investment and Wealth Management, and an "Other" category. The Securities Services segment specializes in institutional support, offering asset safeguarding (custody, trust, and depositary services), precise record-keeping (accounting), support for exchange-traded funds, middle-office functionalities, transfer agency operations, specialized offerings for private equity and real estate funds, foreign exchange, securities lending, liquidity and lending services, prime brokerage, and data analytics. This division also performs roles as a trustee, paying agent, fiduciary, and escrow provider, delivering various financial, issuer, and support services to brokers and investors. The Market and Wealth Services segment encompasses clearing and custody, a wide spectrum of investment, wealth, and retirement solutions, advanced technology and enterprise data management, trading, and prime brokerage. Furthermore, it handles clearance and collateral management, alongside integrated cash management services that cover payments, foreign exchange, liquidity management, receivables and payables processing, and trade finance and processing. Through its Investment and Wealth Management arm, the company focuses on developing and distributing investment management strategies and products. Its offerings include direct investment management, asset custody, thorough wealth and estate planning, private banking, and sophisticated information management services. The Other segment involves activities such as leasing, corporate treasury functions, derivative and other trading, corporate and bank-owned life insurance, investments in renewable energy, and business exit services. The corporation serves a broad and diverse client base, including central banks, sovereign entities, financial institutions, asset managers, insurance companies, corporations, local authorities, affluent individuals, and family offices. Established in 1784, the company maintains its headquarters in New York, New York.
Similar banking company
The Bank of East Asia, Limited, operating with its various subsidiaries, offers an extensive array of banking and related financial services. For individual customers, the bank provides a selection of account types, including savings, current, and time deposit accounts, alongside fixed, call, and foreign currency deposit options. Other personal offerings include payroll services, secure safe deposit boxes, and international remittance facilities. Its corporate banking division delivers a comprehensive suite of solutions, such as SME loans and financing guarantee programs. Corporate and commercial financing covers syndicated and construction loans, acquisition and structured financing, working capital funding, share-related and IPO-linked loans, and commercial mortgages. The bank also specializes in trade finance, offering expert solutions, factoring, import/export financing, guarantee services, and the eTradeConnect platform for efficient trade transactions. Additional corporate services include cash management, wealth management, foreign exchange and treasury products, trade settlement and financing, and both onshore and offshore loans. A broad spectrum of insurance products is also available, ranging from marine cargo, property, and trade credit for businesses, to employee compensation, pet, medical, life, savings, and endowment plans. High-net-worth clients benefit from private banking services, encompassing investment advisory, a diverse range of investment solutions (such as unit trusts, linked deposits, currency trading, global equities and bonds, structured products, options, and derivatives), portfolio management, and securities and futures broking. Further general services extend to cyber banking, credit cards, ATM access, and various international banking provisions. The company operates a substantial network of 150 branches across Hong Kong, the broader Greater China region, Southeast Asia, the United Kingdom, and the United States. Established in 1918, The Bank of East Asia, Limited is headquartered in Central, Hong Kong.
Similar banking company
M&T Bank Corporation functions as a bank holding entity, delivering a broad spectrum of commercial and consumer banking solutions. Its Business Banking division caters to small enterprises and independent professionals, furnishing them with deposit accounts, loan facilities, cash flow management tools, and various other financial offerings. The Commercial Banking arm extends services such as deposit instruments, business loans, equipment leasing, letters of credit, and treasury management solutions to both mid-sized and large corporate clients. Through its Commercial Real Estate segment, the bank facilitates, markets, and administers financing for commercial properties, alongside providing deposit services. The Discretionary Portfolio unit manages a range of assets including deposits, investment securities, home loans, and various other holdings, which are financed by both short-term and long-term borrowings. This segment also conducts foreign currency exchange operations. Within Residential Mortgage Banking, the corporation supplies home loans to individuals, subsequently selling these loans into the secondary market, and additionally acquires the rights to service mortgages initially provided by other financial institutions. The Retail Banking division delivers a comprehensive suite of personal banking products, including checking, savings, and term deposit accounts; consumer installment credit, auto and leisure vehicle financing, home equity loans and lines of credit, and credit cards. It also provides investment products like mutual funds and annuities, among other services. Furthermore, M&T Bank offers specialized services such as trust administration, wealth advisory, fiduciary and custodial support, insurance brokerage, institutional securities and brokerage, and asset management. Customers can access these services via its physical branch network, dedicated business banking centers, telephone and online platforms, and automated teller machines (ATMs). As of the close of 2021 (December 31st), the company maintained 688 branch locations across the United States, specifically in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Additionally, it operates a full-service commercial banking branch in Ontario, Canada. Established in 1856, M&T Bank Corporation's principal office is situated in Buffalo, New York.
Similar banking company
Truist Bank provides a wide range of financial services to personal, small business, and commercial clients. Its offerings include checking and savings accounts, credit cards, personal and auto loans, mortgages, investment services, and wealth management.
Bank
Cooperative Desjardins provides financial products and services tailored to individuals and businesses. Its offerings include credit cards, mortgages, loans, savings and investments, insurance, and wealth management services.
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