Bank of Montreal Reports Profit Increase on Revenue Growth and Lower Loan Loss Provisions

🤖 AI Summary

Bank of Montreal (BMO) reported stronger-than-expected quarterly earnings, driven by robust fee growth in its market-facing businesses and increased profits from its Canadian banking, asset management, and capital markets operations. Net income rose to C$2.49 billion (US$1.82 billion).

📊 Comment: Bank of Montreal is expected to maintain positive growth.