BMO Financial Q1 Profit Plunges; Declares Dividend

RTTNews | Pred 834 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 1057 dňami
European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is forecast to shrink 0.1 percent on a monthly basis in April, reversing a 0.2 percent rise in March.
RTTNews | Pred 43 minútami
Sensex, Nifty Subdued In Cautious Trade

Sensex, Nifty Subdued In Cautious Trade

Indian shares were subdued on Thursday as investors assessed U.S. President Donald Trump's declaration that a trade deal with China was "done" and that he would set unilateral tariff rates for trading partners within two weeks.
RTTNews | Pred 1 h 0 min
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian market is doubling its early gains in mid-market moves on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in gold miners and energy stocks partially offset by weakness in iron ore miners.
RTTNews | Pred 1 h 23 min
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | Pred 2 h 14 min
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | Pred 2 h 52 min