BMO Financial Group (BMO) Tops Q2 EPS by 8c

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Go back to BMO Financial Group (BMO) Tops Q2 EPS by 8c

BMO Financial Group Reports Second Quarter 2018 Results

May 30, 2018 6:45 AM EDT

Financial Results Highlights

Second Quarter 2018 Compared with Second Quarter 2017:

Net income of $1,246 million, unchanged reflecting the restructuring charge in the current quarter; adjusted net income1 of $1,463 million, up 13% EPS2 of $1.86, up 1%; adjusted EPS1,2 of $2.20, up 15% ROE of 12.6%, unchanged; adjusted ROE1 of 14.9%, up from 13.1% Provisions for credit losses (PCL) of $160 million, including a $12 million recovery of credit losses on performing loans3, compared with $251 million in the prior year Common Equity Tier 1 Ratio of 11.3% Dividend increased by $0.03 from the prior quarter to $0.96, up... More