06:32 AM EST, 12/05/2024 (MT Newswires) -- Bank of Montreal ( BERZ ) said Thursday it plans to buy back up to 20 million common shares under a normal course issuer bid.

The program is subject to approvals from the Office of the Superintendent of Financial Institutions Canada and the Toronto Stock Exchange.

The company said the purchases may be conducted through the TSX, alternative Canadian trading systems or other approved methods.