Thu, Dec 25, 2014, 3:24 PM EST - U.S. Markets closed for Christmas

Recent

% | $
Quotes you view appear here for quick access.

Bank of Montreal Message Board

  • bluecheese4u bluecheese4u May 23, 2012 8:58 AM Flag

    BMO Financial Group Reports Another Quarter of Strong Results, Increasing

    BMO Financial Group Reports Another Quarter of Strong Results, Increasing Net Income by 27% Year Over Year to $1.03 Billion

    TORONTO, ONTARIO--(Marketwire - May 23, 2012) - BMO Financial Group (TSX:BMO)(NYSE:BMO) and BMO Bank of Montreal -

    Second Quarter 2012 Report to Shareholders

    BMO Financial Group Reports Another Quarter of Strong Results, Increasing Net Income by 27% Year Over Year to $1.03 Billion

    Financial Results Highlights1:

    Second Quarter 2012 Compared with Second Quarter 2011:
    •Net income of $1,028 million, up $215 million or 27%


    •Adjusted net income2 of $982 million, up $212 million or 28%


    •Reported EPS3 of $1.51, up 14%


    •Adjusted EPS2,3 of $1.44, up 15%


    •Reported ROE of 16.2%, compared with 17.5%


    •Adjusted ROE2 of 15.4%, compared with 16.6%


    •Provisions for credit losses of $195 million, down $102 million


    •Common Equity Ratio remains strong at 9.90%, using a Basel II approach


    Year-to-Date 2012 Compared with Year-to-Date 2011:
    •Net income of $2,137 million, up $499 million or 31%


    •Adjusted net income2 of $1,954 million, up $367 million or 23%


    •Reported EPS3 of $3.14, up 18%


    •Adjusted EPS2,3 of $2.86, up 11%


    •Provisions for credit losses of $336 million, down $284 million


    For the second quarter ended April 30, 2012, BMO Financial Group (TSX:BMO)(NYSE:BMO) reported strong net income of $1,028 million or $1.51 per share. On an adjusted basis, net income was $982 million or $1.44 per share.

    "BMO produced strong financial results again in the second quarter," said Bill Downe, President and Chief Executive Officer, BMO Financial Group. "The consistent focus we have on customers and their success is underpinned by a strong, consistent brand and is grounded in the belief that a relationship bank is relevant to households and companies, as they manage their finances and improve their financial position. Simply stated, the importance we place on giving our customers increased confidence has helped us carve out a distinct position in the marketplace - and is the key to accelerating profitable growth.

    "In P&C Canada, our sales efforts are driving higher volumes across most products and higher fee revenues. We continue to benefit from a deeper understanding of customers' evolving needs. In anticipation of market conditions, we acted to introduce offers that we believe are more suitable for all customers - and we are helping to move the market as a consequence, to a better place.

    "The integration of

    http://newsroom.bmo.com/press-releases/bmo-financial-group-reports-another-quarter-of-str-tsx-bmo-201205230791876003

    Presentation
    http://www.bmo.com/ir/qtrinfo/1/2012-q2/Q2%202012%20Analyst%20presentation.pdf

 
BMO
70.35+0.15(+0.21%)Dec 24 1:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Yahoo! Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Virgin America Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST