BMO Financial Q1 Profit Plunges; Declares Dividend

RTTNews | Pred 833 dňami
BMO Financial Q1 Profit Plunges; Declares Dividend

(RTTNews) - Bank of Montreal (BMO, BMO.TO) reported Tuesday that its first-quarter net income was C$247 million or C$0.30 per share, sharply lower than C$2.93 billion or C$4.43 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was C$2.27 billion or C$3.22 per share, compared to C$2.58 billion or C$3.89 per share in the year-ago quarter.

Provision for credit losses were C$217 million, compared to a recovery of C$99 million last year.

Revenue for the quarter decreased to C$6.47 billion from C$7.64 billion in the same quarter last year.

Separately, Bank of Montreal announced that its Board of Directors declared a quarterly dividend of C$1.43 per share on paid-up common shares for the second quarter of fiscal year 2023.

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BMO Financial To Acquire Radicle Group For Undisclosed Terms

BMO Financial To Acquire Radicle Group For Undisclosed Terms

BMO Financial Group (BMO, BMO.TO) announced Wednesday that it has entered into a definitive agreement to acquire Radicle Group Inc., a Calgary-based leader in sustainability advisory services and solutions, and technology-driven emissions measurement and management. Terms were not disclosed.
RTTNews | Pred 1056 dňami
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | Pred 1 h 50 min
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.
RTTNews | Pred 2 h 43 min
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.
RTTNews | Pred 3 h 16 min
CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.
RTTNews | Pred 4 h 1 min