AIn the wake of the COVID-19 pandemic and the lockdowns that followed, business owners have experienced new stresses, both professionally and personally. To help them, BMO Financial Group (BMO), the 8th largest bank in North America, announced Monday it is expanding its wellness services, already available to its team members, Canadian business owners and entrepreneurs across Canada.
Mike Bonner, Head, Canadian Business Banking, BMO Bank of Montreal, said: âBMO has been a strong advocate for mental health in the workplace, providing resources and support, and seeing it as a part of the workplace. the overall health of a person. We saw the challenges and the pressure the pandemic was placing on customers and recognized that in order to help businesses thrive, we need to do more than just support them financially. “
The services, provided by LifeWorks, offer resources for general well-being, including mental, physical, social and financial health. Corporate clients will be able to access wellness services and resources from July 19, 2021 until December 31, 2021 by visiting bmo.com/lifeworks. (See Bank of Montreal stock charts on TipRanks)
On June 23, the CIBC analyst Paul holden maintained a buy rating on BMO while increasing its price target to C $ 138.00 (from C $ 136.00). This implies an upside potential of 12.8%.
The rest of the street is cautiously optimistic with a consensus moderate buy rating based on 7 buys, 2 takes and 1 sell. The Bank of Montreal average price target of CA $ 136.51 implies an upside potential of 11.6% over current levels.
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