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Q: Bank of Montreal's stock symbol BMO ( No Answer,   4 Comments )
Question  
Subject: Bank of Montreal's stock symbol BMO
Category: Business and Money > Finance
Asked by: cervinka-ga
List Price: $2.00
Posted: 08 Jan 2006 11:21 PST
Expires: 07 Feb 2006 11:21 PST
Question ID: 430775
Why is Bank of Montreal's stock symbol BMO?  What does the acronym
"BMO" stand for?  "Bank of Montreal" would be "BOM", what does "BMO"
stand for?
Answer  
There is no answer at this time.

Comments  
Subject: Re: Bank of Montreal's stock symbol BMO
From: rainbow-ga on 08 Jan 2006 11:38 PST
 
This thread may interest you:

http://livinghot.com/forum/viewtopic.php?p=157196&sid=462b73c3475a45a09f2c415a93f42cb4

Best regards,
Rainbow
Subject: Re: Bank of Montreal's stock symbol BMO
From: canadianhelper-ga on 08 Jan 2006 19:38 PST
 
A short History:

The History of Bank of Montreal

Bank of Montreal, Canada's first bank, opened for business on November
3, 1817. It provided Canada's first sound and plentiful currency and
has played a major and continuing role in the development of the
country, taking part in the financing of the first transcontinental
railway in the 1880s. The Bank took part in the creation of Canadian
Confederation in 1867, and served as Canada's central bank until 1935.
The first Canadian bank to open branches abroad, it has long been
active in markets in Europe, Latin America, and East Asia as well as
in the United States. Today it continues as one of Canada's
pre-eminent financial institutions and a significant presence in
United States and world markets.

Now my words!

The Bank of Montreal is a bank in Canada that started in Quebec, a
French (Quebecois) speaking Province.  BMO is not short for Bank Of
Montreal (BOM), it is short for Banque d'MOntreal(BMO)... the use of 3
characters for the short name being a common standard in stock
abbreviations (though others are certainly used).

Hope this answers your question.

Now...I have saved you $1.50 on your question...take your teller out
for a coffee... (I'm a banker!)
Subject: Re: Bank of Montreal's stock symbol BMO
From: cervinka-ga on 13 Jan 2006 14:35 PST
 
I see I'm not the only one obsessed with this... :-)   Much appreciated!
Subject: Re: Bank of Montreal's stock symbol BMO
From: cervinka-ga on 13 Jan 2006 14:36 PST
 
Thanks Rainbow and Canadianhelper.

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