BMO Financial Q1 Profit Plunges; Declares Dividend

RTTNews | Pred 890 dňami
Stocktwits
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.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Značky: BMO BMO.TO
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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 1112 dňami
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Wednesday despite tariff worries, mixed earnings and signs of a weakening U.S. economy.
RTTNews | Pred 54 minútami
Sensex, Nifty Little Changed In Early Trade

Sensex, Nifty Little Changed In Early Trade

Indian shares were little changed in cautious trade on Wednesday after U.S. President Donald Trump threatened to raise tariffs on Indian goods "very substantially" within 24 hours, citing India's continued purchases of Russian oil.
RTTNews | Pred 2 h 4 min
European Economic News Preview: Germany Factory Orders Data Due

European Economic News Preview: Germany Factory Orders Data Due

Factory orders and construction purchasing managers' survey data from Germany and retail sales from the euro area are the top economic news due on Wednesday. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for June. Orders are forecast to grow 1.0 percent month-on-month, in contrast to the 1.4 percent fall in May.
RTTNews | Pred 2 h 19 min
Australian Market Maintains Early Gains In Mid-market

Australian Market Maintains Early Gains In Mid-market

The Australian stock market is maintaining its early gains in mid-market moves on Wednesday, extending to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 8,800 level to all-time record highs, despite the broadly negative cues from Wall Street overnight, with gains across most sectors led by mining and financial stocks.
RTTNews | Pred 3 h 10 min
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, amid the ongoing trade concerns following US President Donald Trump's latest comments on tariffs. Trump said he will be announcing new tariffs on semiconductors and chips as well as up to 250 percent on pharmaceuticals imported into the U.S.
RTTNews | Pred 3 h 33 min
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