Shares of banks and insurance companies are trading lower after the Treasury Department’s announcement that it would more than double the size of liquidity-support buyback operations for longer-dated bonds, which will serve to flatten the yield curve and pressure bank margins.

Premium Income Corporation Establishes at-the-Market Equity Program

Premium Income Corporation announced the establishment of an at-the-market (ATM) equity program effective until October 2, 2028, allowing the Fund to issue up to $250 million in Class A and Preferred Shares through the TSX at prevailing market prices. The program replaces a prior ATM program from August 2024 and will be managed by National Bank Financial Inc. Proceeds will be used according to the Fund's investment objectives, which focus on Canadian bank equities.

Bank Of Montreal Exec Says Working With Clients On Liquidity Investment Decisions, Supply Chain Adjustments, And Market Diversification; Says Clients Are Adjusting Well; North American Economies Continue To Demonstrate Resilience Amid Elevated Geopolitical Risks And Evolving Trade Landscapes; Economic Growth Has Resumed In Canada, And Growth In The U.S. Remains SOLID, Supported By AI-Driven Expansion

-Conference Call.

Bank of Montreal Q3 Adj. EPS $2.86 Beats $2.71 Estimate, Sales $7.148B Up From $6.542B YoY

Bank of Montreal (NYSE:BMO) reported quarterly earnings of $2.86 per share which beat the analyst consensus estimate of $2.71 by 5.54 percent. This is a 21.7 percent increase over earnings of $2.35 per share from the

'BMO reorganizes international capital markets business, memo shows' - Reuters

https://www.reuters.com/business/bmo-reorganizes-international-capital-markets-business-memo-shows-2026-08-20/

Robinhood's Offshore AMC Token Setup Is 'Shocking and Shameful,' AMC CEO Says

AMC CEO Adam Aron threatens legal action against Robinhood over offshore AMC stock tokens, calling the setup “shocking and shameful.”

'Citi eyes China brokerage unit licence as soon as this month, sources say' - Reuters Exclusive