BMO Beats Q2 Estimates With C$3.67 EPS as Capital-Markets Revenue Climbs
Updated
Updated · Bloomberg · May 27
BMO Beats Q2 Estimates With C$3.67 EPS as Capital-Markets Revenue Climbs
11 articles · Updated · Bloomberg · May 27
C$3.67 a share in adjusted fiscal second-quarter earnings put Bank of Montreal ahead of the C$3.41 analyst average, according to its Wednesday statement.
Stronger-than-expected results in BMO's capital-markets unit and fee revenue drove the beat, helped by elevated market activity.
The Toronto-based lender's performance mirrors a broader pattern seen in recent US bank results, where active markets have lifted trading and related businesses.
As BMO bets big on U.S. expansion, can its capital markets strength offset risks from a potential economic downturn?
With BMO shifting to 'advice-led hubs,' how will this new model change the everyday banking experience for its U.S. customers?