Update of Statistics and Valuations

Research evidence excerpt

Update of Statistics and Valuations

June 15, 2026

Financial Services Weekly

In Case You Missed It… Financial Services

Industry Notes: Tom MacKinnon, FSA, FCIA Analyst

6/12/2026 – Near-Term Optimists – Increasing Target Prices tom.mackinnon@bmo.com (416) 359-4629

Sohrab Movahedi Analyst

6/5/2026 – Proxy Circular Deep Dive Into CEO Stock Ownership sohrab.movahedi@bmo.com (416) 359-7157

Étienne Ricard, CFA Analyst 5/29/2026 – Express Postview – Strong Q2, Momentum Continues

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

5/25/2026 – Deep Dive into Reserve Development of IFC, DFY, TSU & FFH Alexander Ponte, CFA

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

5/19/2026 – March Loan Data – Much of the Same, but Some Signs of a Bottom May Be Showing Cristian Cugini, CPA

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

5/12/2026 – Q2/26 Preview: Diversification Is a Virtue Grace MacDonald, CFA

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

4/30/2026 – Encouragingly Expensive; Constructive But Increasingly Selective Katy Chen, CPA

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

4/17/2026 – Residential Mortgage 'Survival Guide' – Updated for Q1/26

Legal Entity: BMO Nesbitt Burns Inc.

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

4/15/2026 – February Loan Data – Muted Activity to Start Q2/26 Features:

4/9/2026 – Capital Markets – A Potential Source of Sustained Upside for the Canadian Banks In Case You Missed It ……………………………………1

Comps & Stats…………………………….……….….2-27

Company Notes:

6/11/2026 – Acquisition of RAFI Indices; Another Step in TMX VettaFi's Expansion (X-TSX)

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)