BMO Financial Q1 Profit Plunges; Declares Dividend

RTTNews | 890 dagar sedan
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

Taggar: 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 | 1113 dagar sedan
Australia Building Approvals Jump 11.9% In June

Australia Building Approvals Jump 11.9% In June

The total number of building approvals issued in Australia in June was up a seasonally adjusted 11.9 percent on month, the Australian Bureau of Statistics said on Thursday - coming in at 17,076.
RTTNews | 16 minuter sedan
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 41,000 mark, with gains in index heavyweights and financial stocks.
RTTNews | 23 minuter sedan
Indonesia Shares Expected To Remain Rangebound On Thursday

Indonesia Shares Expected To Remain Rangebound On Thursday

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just above the 7,500-point plateau although it's likely to rebound again on Thursday.
RTTNews | 25 minuter sedan
Hong Kong Shares Tipped To Open To The Upside

Hong Kong Shares Tipped To Open To The Upside

The Hong Kong stock market has moved higher in three straight sessions, advancing more than 400 points or 1.7 percent along the way. The Hang Seng Index now rests just above the 24,910-point plateau and it's looking at another green light for Thursday's trade.
RTTNews | 40 minuter sedan
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