BMO Financial Group reported a 25% drop in reported net income to $1.75 billion for Q3 2026, mainly due to a $962 million goodwill charge linked to the sale of its Transportation and Vendor Finance businesses. However, adjusted net income rose 19% to $2.86 billion, driven by strong performance across all business segments, including record pre-provision earnings and improved credit quality. The bank maintained a solid Common Equity Tier 1 ratio of 13.0% and announced a stable quarterly dividend of $1.71 per share. BMO plans continued capital deployment in growth areas and share repurchases, signaling confidence in long-term value creation.
Scotiabank and BMO both reported record earnings per share growth last quarter, with Scotiabank up 21% and BMO up 22%. Scotiabank saw a 37% increase in capital markets and 23% in wealth management, while BMO's capital markets grew 45% and wealth 22%....
Canada's Bank of Montreal (BMO) and Bank of Nova Scotia (Scotiabank) reported quarterly earnings that exceeded profit expectations amid rising US-Canada trade tensions. Despite new US tariffs on Canadian imports and Canada's retaliatory tariffs on US...
Bank of Montreal reported a strong fiscal third quarter with an adjusted return on equity (ROE) of 14%, showing growth across all business segments. The bank aims to achieve a sustainable 15% ROE by fiscal year 2027, supported by operational improvem...
Bank of Montreal reported quarterly earnings per share of $2.84, surpassing analyst expectations of $2.71, driven by a 19% rise in adjusted net income to $2.86 billion and revenue of $7.11 billion, exceeding forecasts. The bank's improved profitabili...
Bank of Montreal reported third-quarter adjusted earnings per share of $2.86, surpassing analyst estimates of $2.71 and marking a 21.7% increase from the previous year. Revenue rose 9.26% to $7.148 billion, driven by strong performance in its US reta...
