BMO Financial Group (BMO) Tops Q3 EPS by 69c, Revenues Beat

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Go back to BMO Financial Group (BMO) Tops Q3 EPS by 69c, Revenues Beat

BMO Financial Group Reports Third Quarter 2018 Results

August 28, 2018 6:45 AM EDT

Financial Results Highlights

Third Quarter 2018 Compared With Third Quarter 2017:

Net income of $1,536 million, up 11%; adjusted net income1 of $1,565 million, up 14% EPS2 of $2.31, up 13%; adjusted EPS1,2 of $2.36, up 16% ROE of 14.7%, up from 13.4%; adjusted ROE1 of 15.0%, up from 13.3% Provision for credit losses3 (PCL) of $186 million compared with $202 million on an adjusted basis in the prior year and $126 million on a reported basis; prior year reported provision for credit losses includes a decrease in the collective allowance of $76 million pre-tax Common Equity Tier 1 Ratio of... More