One of the five dominant universal banks in Canada Very good diversification by product, geography, and business line Strong risk-adjusted capital ratios Good credit risk management infrastructure Established U.S. beachhead with its Chicago footprint Weak stature of market risk management Market share pressure in its retail business in Canada Difficult economic and competitive environment for U.S. personal and commercial (P&C) bank The ratings on Bank of Montreal (BMO) reflect its position as one of the five dominant universal banks in Canada, its well-diversified business base, strong risk-adjusted capital ratios, good credit risk management infrastructure, and good toehold into the U.S. market. The weak stature of its market risk management and the ongoing pressure on market share in its retail business
