BMO Financial Group Reports Second Quarter 2020 Results

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Go back to BMO Financial Group Reports Second Quarter 2020 Results

BMO Financial Group (BMO) Reports Q2 EPS of Cdn$1.04

May 27, 2020 5:51 AM EDT

BMO Financial Group (NYSE: BMO) reported Q2 EPS of Cdn$1.04, versus Cdn$2.30 reported last year. Revenue for the quarter came in at Cdn$5.26 billion, versus Cdn$6.21 billion reported last year.

Second Quarter 2020 Compared With Second Quarter 2019:

Net income of $689 million, compared with $1,497 million; adjusted net income1 of $715 million, compared with $1,522 millionReported EPS2 of $1.00, compared with $2.26; adjusted EPS1,2 of $1.04, compared with $2.30Revenue, net of CCPB3, of $5,461 million, compared with $5,652 millionProvision for credit losses (PCL) of $1,118 million, compared with $176 million; current quarter includes PCL on... More