Home / Credit Cards / Stock market news for Canadian investors: BMO, Scotiabank and National Bank report earnings + MORE Feb 26th

Stock market news for Canadian investors: BMO, Scotiabank and National Bank report earnings + MORE Feb 26th

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Stock market news for Canadian investors: BMO, Scotiabank and National Bank report earnings
Companies that reported earnings this week

BMO

Scotiabank

National Bank

BMO Financial Group reports $2.14B Q1 profit up from $1.29B a year ago

Source: Google

BMO (TSE: BMO)

Q1 earnings: $2.14 billion, up from $1.29 billion a year earlier.

Revenue: $9.27 billion, up from $7.67 billion a year earlier.

BMO Financial Group says it earned $2.14 billion in its first quarter, up from $1.29 billion in the same quarter last year, helped by strength in its wealth management and capital markets businesses.

The bank said Tuesday the profit amounted to $2.83 per diluted share for the quarter ended Jan. 31, up from $1.73 per diluted share a year earlier.

Revenue totalled $9.27 billion, up from $7.67 billion in the same quarter last year.

The bank’s provision for credit losses amounted to $1.01 billion in its latest quarter, up from $627 million in the same quarter last year.

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On an adjusted basis, BMO says it earned $3…

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