Update of Statistics and Valuations

Research evidence excerpt

Update of Statistics and Valuations

June 8, 2026

Financial Services Weekly

In Case You Missed It… Financial Services

Industry Notes: Tom MacKinnon, FSA, FCIA Analyst

6/5/2026 - Proxy Circular Deep Dive Into CEO Stock Ownership tom.mackinnon@bmo.com (416) 359-4629

Sohrab Movahedi Analyst

5/29/2026 - Express Postview – Strong Q2, Momentum Continues sohrab.movahedi@bmo.com (416) 359-7157

Étienne Ricard, CFA Analyst 5/25/2026 - Deep Dive into Reserve Development of IFC, DFY, TSU & FFH

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

5/19/2026 - March Loan Data — Much of the Same, but Some Signs of a Bottom May Be Showing Alexander Ponte, CFA

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

5/12/2026 - Q2/26 Preview: Diversification Is a Virtue Cristian Cugini, CPA

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

4/30/2026 - Encouragingly Expensive; Constructive But Increasingly Selective Grace MacDonald, CFA

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

4/17/2026 - Residential Mortgage 'Survival Guide' - Updated for Q1/26 Katy Chen, CPA

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

4/16/2026 - Q1/26 Canadian Insurance Preview - Near-Term Upside for P&C Insurers

Legal Entity: BMO Nesbitt Burns Inc.

4/15/2026 - February Loan Data — Muted Activity to Start Q2/26

4/9/2026 - Capital Markets — A Potential Source of Sustained Upside for the Canadian Banks Features:

4/1/2026 - Navigating Credit Risk in a Complex Operating Backdrop In Case You Missed It ……………………………………1

Comps & Stats…………………………….……….….2-27

Company Notes:

6/4/2026 - Takeaways From Meetings With Management (SII-TSX)

6/2/2026 - Resuming Coverage at Outperform (Speculative)

5/29/2026 - Miss on Higher PCLs (LB-TSX)

5/28/2026 - Beat Across the Board With Better PCLs; Announced ~3% NCIB; ~7% Dividend Increase (RY-TSX)