On July 9, 2026, BMO Insurance launched SmartDecision, an AI- and analytics-driven underwriting platform that delivers real-time decisions for eligible life insurance applications up to an industry-leading US$5.00 million, eliminating traditional tele-interviews and medical evidence for qualifying clients. The launch looks incrementally positive for the short term catalyst around digital efficiency, but does not materially change the bigger near term risk that higher technology and people costs could outpace revenue in some periods. SmartDecision is the clearest extension of BMO’s broader AI investments, including its renewed partnership with the Vector Institute and creation of the BMO Institute for Applied AI & Quantum. Bank of Montreal's narrative projects CA$41.9 billion revenue and CA$11.3 billion earnings by 2029, requiring 6.5% yearly revenue growth and about CA$2.0 billion earnings increase from CA$9.3 billion today. Three members of the Simply Wall St Community currently place BMO’s fair value between CA$228.61 and CA$255.78.