Comment on Bank Of Montreal Q2 Profit Rises To $800 Million

Bank Of Montreal Q2 Profit Rises To $800 Million

TORONTO (CP) - Bank of Montreal (TSX:BMO) has turned out a stronger second-quarter profit of $800 million, up about seven per cent from a year earlier on the back of lower domestic loan losses.The results from the bank, the first of the big Canadian financial institutions to report its earnings for the quarter, surpassed analyst expectations, but growth was muted in most divisions and included a decrease in profits in a number of areas.BMO said its earnings were equivalent to $1.34 per share, above the $745 million or $1.26 per share in profit it reported a year ago.Read More...

 

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