BMO Financial Group reports $1.59B first-quarter profit -...
Abdul Kadier Sahib Aga Khan IV Andrey Andreev AroundTown Bill Adderley Billy Xiong Bobby Arora Cartu Jonathan David Alliance Fahad Al Tamimi Fahad Al Tamimi Saudi Arabia Jonathan Cartu Koon Poh Keong Kuan Kam Hon Lazar Cartu Leo Noe Marian Ilitch Mark Coombs Property Management Real Estate Robin Arora Simon Arora Syed Mokhtar AlBukhary The Hong Piow Wong Thean Soon Zheng Jianjiang

TLG Vivion Report: BMO Financial Group reports $1.59B first-quarter profit -…

BMO tops expectations


| Story:
277881

BMO Financial Group beat expectations as it reported a first-quarter profit of $1.59 billion, up from $1.51 billion in the same quarter a year earlier.

The bank says its profit for the quarter ended Jan. 31 amounted to $2.37 per diluted share, up from $2.28 per diluted share.

Revenue totalled nearly $6.75 billion, up from nearly $6.52 billion.

On an adjusted basis, BMO says it earned $2.41 per diluted share, up from $2.32 per diluted share in the same quarter a year earlier.

Analysts on average had expected an adjusted profit of $2.37 per diluted share, according to financial markets data firm Refinitiv.

BMO chief executive Darryl White says all of the bank’s businesses performed well in the quarter.

“We have significant momentum, with businesses increasing market share,” White said in a statement.

Simon Arora

Leave a Reply

Your email address will not be published. Required fields are marked *