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

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

BMO Financial Group Reports Second Quarter 2020 Results

May 27, 2020 5:30 AM EDT

Financial Results Highlights

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 million Reported EPS2 of $1.00, compared with $2.26; adjusted EPS1,2 of $1.04, compared with $2.30 Revenue, net of CCPB3, of $5,461 million, compared with $5,652 million Provision for credit losses (PCL) of $1,118 million, compared with $176 million; current quarter includes PCL on performing loans of $705 million ROE of 5.3%, compared with 13.6%; adjusted ROE1 of 5.5%, compared with 13.9% Common Equity Tier 1 Ratio of 11.0% Dividend of $1.06, unchanged from the prior... More