BMO Financial Group has announced a net income of $1bn for the first quarter of the year. On an adjusted basis, the net income is at $1,041m.
Chief executive Bill Down credited the results to the impact of an unsettled environment, “in which we saw significant movements in oil prices, long-term interest rates and the Canadian dollar.
“Against this backdrop, underlying business performance was solid, with combined Personal and Commercial Banking adjusted earnings of $708m, up 6% year over year, reflecting the benefits of our diversified and growing customer base.”
Moreover, the Bank of Montreal has also announced that its Board of Directors have declared a quarterly dividend of $0.80 per share on paid-up common shares of the bank for Q2 2015, unchanged from the previous quarter.
Chief executive Bill Down credited the results to the impact of an unsettled environment, “in which we saw significant movements in oil prices, long-term interest rates and the Canadian dollar.
“Against this backdrop, underlying business performance was solid, with combined Personal and Commercial Banking adjusted earnings of $708m, up 6% year over year, reflecting the benefits of our diversified and growing customer base.”
Moreover, the Bank of Montreal has also announced that its Board of Directors have declared a quarterly dividend of $0.80 per share on paid-up common shares of the bank for Q2 2015, unchanged from the previous quarter.
