Bank of Montreal (NYSE:BMO) reported a significant rise in its second-quarter results for fiscal 2026, achieving an adjusted earnings per share of CAD 3.67, a 40% year-over-year increase, and record net income of CAD 2.7 billion. This performance was attributed to enhanced fee revenue and progress toward profitability targets and was presented by CEO Darryl White on [date].
Key profitability metrics included an adjusted return on equity of 13.5%, up 370 basis points from last year, and a 10% increase in revenue to CAD 4.4 billion. The bank’s common equity tier 1 ratio stood at 13%, and it repurchased 6 million shares, announcing a 5% dividend increase to CAD 1.71 per share.
Segment performance was notable, with U.S. banking net income growing 30% year over year and Canadian Personal and Commercial Banking net income rising 15%. The bank expects mid-single-digit core expense growth and positive operating leverage for the full year.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
