BMO Financial Group (BMO) Reports In-Line Q1 EPS

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Go back to BMO Financial Group (BMO) Reports In-Line Q1 EPS

BMO Financial Group Reports Net Income of $1.1 Billion for the First Quarter of 2016

February 23, 2016 6:45 AM EST

TORONTO, ONTARIO -- (Marketwired) -- 02/23/16 -- For the first quarter ended January 31, 2016, BMO Financial Group (TSX: BMO)(NYSE: BMO) reported net income of $1,068 million or $1.58 per share on a reported basis and net income of $1,178 million or $1.75 per share on an adjusted basis.

"BMO continued to deliver good operating results this quarter with $1.2 billion in adjusted net income and adjusted earnings per share of $1.75, up 14% from last year. Good revenue growth and disciplined expense management led to positive net operating leverage for the third consecutive quarter," said Bill Downe,... More