BMO Capital Markets secured top spot by advising on seven transactions, which collectively amounted to $4.1bn (C$5.61bn).

BMO’s revised EPS forecast for 2025 is $5.29 (versus prior $5.58), slightly above the $5.14 consensus. For 2026, BMO now expects $7.18 (versus $7.37 previously), compared to a $6.85 Street average.