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Bank of Montreal
Symbol BMO
Shares Issued 722,070,767
Close 2025-06-23 C$ 144.70
Market Cap C$ 104,483,639,985
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Globe/wire say BMO-Harris's Cox sees Iran capitulating

2025-06-23 09:23 ET - In the News

The Globe and Mail reports in its Monday edition that the U.S. attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety. A Reuters dispatch to The Globe says the reaction in Middle East stock markets, which trade on Sunday, suggested investors were assuming a benign outcome, even as Iran intensified its missile attacks on Israel in response to the sudden, deep U.S. involvement in the conflict. U.S. President Donald Trump called the attack "a spectacular military success" in a televised address to the nation, adding that the U.S. military could go after other targets in Iran if the country did not agree to peace. Iran said it reserves all options to defend itself, and warned of "everlasting consequences." Speaking in Istanbul, Iran's Foreign Minister Abbas Araqchi said Tehran was weighing its options for retaliation and would consider diplomacy only after carrying out its response. Investors said they expected U.S. involvement would cause a stock market sell-off. Jamie Cox at BMO's Harris Financial Group said oil prices would likely spike before levelling off in a few days as the attacks could lead Iran to seek a peace deal with Israel and the United States.

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