Update of Statistics and Valuations

Research evidence excerpt

Update of Statistics and Valuations

May 11, 2026

Financial Services Weekly

In Case You Missed It… Financial Services

Industry Notes: Tom MacKinnon, FSA, FCIA Analyst

4/30/2026 - Encouragingly Expensive; Constructive But Increasingly Selective tom.mackinnon@bmo.com (416) 359-4629

Sohrab Movahedi Analyst

4/17/2026 - Residential Mortgage 'Survival Guide' - Updated for Q1/26 sohrab.movahedi@bmo.com (416) 359-7157

Étienne Ricard, CFA Analyst 4/16/2026 - Q1/26 Canadian Insurance Preview - Near-Term Upside for P&C Insurers

etienne.ricard@bmo.com (416) 359-5296

4/15/2026 - February Loan Data — Muted Activity to Start Q2/26 Alexander Ponte, CFA

alexander.ponte@bmo.com (416)-317-4763

4/9/2026 - Capital Markets — A Potential Source of Sustained Upside for the Canadian Banks Cristian Cugini, CPA

cristian.cugini@bmo.com (416)-263-2717

4/1/2026 - Navigating Credit Risk in a Complex Operating Backdrop Grace MacDonald, CFA

gracej.macdonald@bmo.com (416)-254-3577

3/23/2026 - Asia Businesses of MFC/SLF Continue to Outpace Top Asia Peers on Important KPIs Katy Chen, CPA

katy.chen@bmo.com (416)-564-0615

3/17/2026 - Comparing Core to Reported EPS – Investors Should Know There Are Better KPIs

Legal Entity: BMO Nesbitt Burns Inc.

3/12/2026 - Faster, Higher, Stronger

3/11/2026 - 2025 Canadian Lifeco Capital Update: Robust, Ample Generation, Giving Lots Back Features:

3/4/2026 - U.S. Retirement Comps: Empower '25 Weaker on Credit Hits – More Fee Compression In Case You Missed It …………………………………...1

Comps & Stats…………………………….……….….2-27

2/27/2026 - Express Postview – Strong Q1, Constructive Outlook

Company Notes:

5/8/2026 - No Changes in Estimates or Target Post In-line Q1/26 (IGM-TSX)

5/8/2026 - Increasing Go Forward Estimates Post a Good Inaugural Print With TRV Canada (DFY-TSX)