BMO Financial Group (BMO) Reports Q3 EPS of Cdn$1.85

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Go back to BMO Financial Group (BMO) Reports Q3 EPS of Cdn$1.85

BMO Financial Group Reports Third Quarter 2020 Results

August 25, 2020 5:30 AM EDT

Financial Results Highlights

Third Quarter 2020 Compared With Third Quarter 2019:

Net income of $1,232 million, compared with $1,557 million; adjusted net income1 of $1,259 million, compared with $1,582 million Reported EPS2 of $1.81, compared with $2.34; adjusted EPS1,2 of $1.85, compared with $2.38 Revenue, net of CCPB3, of $6,000 million, up 4% Provision for credit losses (PCL) of $1,054 million, compared with $306 million; current quarter includes PCL on performing loans of $608 million ROE of 9.4%, compared with 13.2%; adjusted ROE1 of 9.6%, compared with 13.5% Common Equity Tier 1 Ratio of 11.6% Dividend of $1.06, unchanged from the prior... More