TORONTO - BMO Financial Group reported its second-quarter profit rose more than 30 per cent compared with a year ago and raised its quarterly dividend.
The bank says it will now pay shareholders a quarterly dividend of $1.71 per share, up from $1.67 per share.
BMO says it earned $2.63 billion or $3.53 per diluted share for the quarter ended April 30, up from $1.96 billion or $2.50 per diluted share a year earlier.
Revenue totalled $9.57 billion for the quarter, up from $8.68 billion in the same quarter last year, while the bank's provision for credit losses amounted to $739 million for its latest quarter, down from $1.05 billion a year ago.
On an adjusted basis, BMO says it earned $3.67 per diluted share in its latest quarter, up from $2.62 per diluted share a year ago.
Analysts on average had expected an adjusted profit of $3.45 per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published May 27, 2026.
Companies in this story: (TSX:BMO)
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