BMO Financial Group (BMO) Tops Q3 EPS by 2c
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BMO Financial Group Reports Net Income of $1.4 Billion for Third Quarter of 2017
August 29, 2017 6:45 AM EDTFinancial Results Highlights:
Third Quarter 2017 Compared with Third Quarter 2016:
Net income of $1,387 million, up 11%; adjusted net income1 of $1,374 million, up 6% EPS2 of $2.05, up 10%; adjusted EPS1,2 of $2.03, up 4% ROE of 13.4%, compared with 13.0%; adjusted ROE1 of 13.3%, compared with 13.5% Provisions for credit losses of $134 million (including the benefit of a $76 million decrease in the collective allowance), compared with $257 million; specific provisions for credit losses of $210 million, compared with $257 million Common Equity Tier 1 Ratio of 11.2%Year-to-Date 2017 Compared with Year-to-Date 2016:
Net... More