BMO Announces Sale of Transportation and Vendor Finance Businesses to Stonepeak
Bank of Montreal (BMO) has signed an agreement with Stonepeak to sell its U.S. and Canadian Transportation and Vendor Finance businesses, which hold a combined loan portfolio of approximately C$14.5 billion as of March 31, 2026. The transaction is expected to improve BMO's capital efficiency and return on equity (ROE), aligning with the bank’s strategy to focus on core markets for long-term growth.
Topics: banking finance strategic restructuring