BMO Capital Markets Expands Research Coverage of Consumer Products with Hiring of Veteran Analyst Wayne Hood

NEW YORK, July 30 /PRNewswire-FirstCall/ - BMO Capital Markets, theinvestment and corporate banking arm of BMO Financial Group (NYSE, TSX:BMO), has hired Wayne Hood, a 23-year Wall Street veteran to the firm'sU.S. Equity Research group. Based in Atlanta, Mr. Hood will cover Broadline Retail stocks with afocus on general merchandise companies. He is joined by associate PhillipJuhan and both become part of the firm's Consumer & Leisure team. "We're proud to have Wayne join our growing research group, as wecontinue to strengthen our Consumer franchise," said Jack Blackstock,Director of U.S. Equity Research, BMO Capital Markets. "Wayne has one ofthe most recognized names in retail equity research, and he enjoys areputation for developing insightful and actionable investment ideas, whichfits perfectly with the objectives of our Equities business." Mr. Hood has more than 23 years of investment experience, including 20years as a sell-side research analyst at Prudential Equity Group. Duringhis last 10 years at Prudential, Mr. Hood was ranked eight times onInstitutional Investor's All-America Research Team. From 1996 through 2004,The Wall Street Journal ranked Mr. Hood 10 times for either stock pickingor earnings accuracy and he was named to The Wall Street Journal's "Best ofThe Street Hall of Fame" in 2004 for stock selection. Most recently, Mr. Hood was a portfolio manager of Masters/ HoodCapital, an Atlanta-based investment firm he founded in 2006. He earned aBSBA in Finance at the University of Louisville in Kentucky. He currentlyserves on the Department of Urology's Advisory Board at Emory University'sSchool of Medicine. BMO Capital Markets has been committed to expanding its U.S. EquityResearch franchise. In June, Keith Bachman was hired as a senior researchanalyst to cover Enterprise Hardware & Imaging. Senior research analystConnie Maneaty joined in May to cover the Personal Care & HouseholdProducts industry. Michael Vinciquerra, a senior research analyst on theFinancial Institutions team, joined BMO Capital Markets' Atlanta office inMarch to cover Specialty Finance. About BMO Capital Markets' Equity Research Group With 21 published research analysts, BMO Capital Markets U.S. EquityResearch now covers more than 320 companies in industries that also includeBusiness Services, Capital Goods, Energy & Power, Financial Institutions &REITs, Food & Agribusiness, Healthcare, Media & Entertainment, andTechnology & Telecommunications. A complete list of the firm's U.S. equityanalyst team and coverage universe can be viewed at:http://www.bmocm.com/research/equities/us/. About BMO Capital Markets BMO Capital Markets is a leading full-service North American financialservices provider, with over 2,000 employees operating in 14 North Americanoffices and 26 worldwide, offering corporate, institutional and governmentclients access to a complete range of investment and corporate bankingproducts and services. BMO Capital Markets is a member of BMO FinancialGroup (NYSE, TSX: BMO), one of the largest diversified financial servicesproviders in North America with more than $357 billion in total assets and35,000 employees as of April 30, 2007. For more information, visithttp://www.bmocm.com.

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