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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? |
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There is no answer at this time. |
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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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