TORONTO 鈥� BMO Financial Group says it earned $2.14 billion in its first quarter, up from $1.29 billion in the same quarter last year.
The bank says 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.
On an adjusted basis, BMO says it earned $3.04 per share in its latest quarter, up from an adjusted profit of $2.56 per share a year earlier.
Analysts on average had expected BMO to earn an adjusted profit of $2.41 per share, according to according to LSEG Data & Analytics.
This report by The Canadian Press was first published Feb. 25, 2025.
Companies in this story: (TSX:BMO)
The Canadian Press
