Market Overview

Bank of Montreal Posts Drop In FQ1 Profit, Lifts Dividend

Related BMO
7 Stocks To Watch For August 29, 2017
Earnings Scheduled For August 29, 2017

Bank of Montreal (NYSE: BMO) reported a drop in its fiscal first-quarter profit.

The bank lifted its quarterly dividend by 2.8% to 74 Canadian cents a share.

The bank's quarterly earnings fell to C$1.05 billion ($1.02 billion), or C$1.53 per share, from C$1.11 billion, or C$1.63 per share, in the year-ago period. On an adjusted basis, it earned C$1.52 per share, versus analysts' estimates of C$1.48 per share.

Bank of Montreal shares closed at $61.28 yesterday.

Posted-In: profitEarnings News Dividends


Related Articles (BMO)

View Comments and Join the Discussion!

Partner Center