BMO Financial Group Reports Fourth Quarter and Fiscal 2019 Results

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Go back to BMO Financial Group Reports Fourth Quarter and Fiscal 2019 Results

BMO Financial Group (BMO) Reports Q4 EPS of $2.43

December 3, 2019 6:03 AM EST

BMO Financial Group (NYSE: BMO) reported Q4 EPS of $2.43, versus $2.38 reported last year.

Financial Results Highlights

Fourth Quarter 2019 Compared With Fourth Quarter 2018:

Net income4,5 of $ 1,194 million, down 30% , reflecting a restructuring charge in the current quarter and a benefit from the remeasurement of an employee benefit liability in the prior year; adjusted net income1 of $ 1,607 million, up 5%EPS2 of $ 1.78 , down 31% ; adjusted EPS1 of $ 2.43 , up 5%Revenue, net of CCPB3,4, of $ 5,752 million, up 5% ; revenue, net of adjusted CCPB1, of $5,777 million, up 5%Provision for credit losses (PCL) of $ 253 million compared with $ 175... More