<\/p>\n
The bank\u2019s provision for credit losses amounted to $1.05 billion.<\/p>\n
BMO Financial Group\u2019s second-quarter profit rose from a year ago even as its Canadian banking and capital markets divisions saw income drop due to tariff-related uncertainty.<\/p>\n
The bank on Wednesday reported net income of $1.96 billion, up from $1.87 billion in the same quarter last year, with the biggest boost coming from lower losses in its corporate segment after a spike in acquisition costs a year ago.<\/p>\n
It also announced an eight-cent, or 5%, increase in its quarterly dividend to $1.63 per common share.<\/p>\n
But overall, the bank\u2019s earnings reflect hesitant consumers and businesses given the unpredictable trade policies of U.S. President Donald Trump.<\/p>\n
\u201cThe economic backdrop in North America continues to be challenged by the uncertain environment,\u201d said chief executive Darryl White.<\/p>\n
\u201cBusiness activity and loan demand in both countries is reflecting the impact from trade uncertainty, and businesses are being cautious around the deployment of capital.\u201d<\/p>\n
The uncertainty has led to an increase from last year in the amount of money BMO has set aside for potentially bad loans, with provisions of $1.05 billion in the quarter, up from $705 million a year ago.<\/p>\n
The bank\u2019s provisions, however, are down from two quarters ago, including in the impaired provisions category \u2014 where it isn\u2019t confident it will be repaid \u2014 which were $765 million, down from $1.11 billion two quarters ago.<\/p>\n
The drop from the recent peak came as businesses are showing signs of optimism that the trade issues could be resolved, said Nadim Hirji, BMO\u2019s head of commercial banking.<\/p>\n
The bank says profit amounted to $2.50 per diluted share for the quarter ended April 30, up from $2.36 per diluted share a year earlier.<\/p>\n
Revenue totalled $8.68 billion, up from $7.97 billion in the same quarter last year.<\/p>\n
On an adjusted basis, BMO says it earned $2.62 per share in its latest quarter, up from an adjusted profit of $2.59 per share a year ago.<\/p>\n
Analysts on average had expected BMO to earn an adjusted profit of $2.53 per share, according to LSEG Data & Analytics.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
The bank\u2019s provision for credit losses amounted to $1.05 billion. BMO Financial Group\u2019s second-quarter profit rose from a year ago even as its Canadian banking and capital markets divisions saw income drop due to tariff-related uncertainty. The bank on Wednesday reported net income of $1.96 billion, up from $1.87 billion in the same quarter last […]<\/p>\n","protected":false},"author":1,"featured_media":4190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/06\/BMO-Cabada-1.webp",600,400,false],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/06\/BMO-Cabada-1-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/06\/BMO-Cabada-1-300x200.webp",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/06\/BMO-Cabada-1.webp",600,400,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=4189"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4189\/revisions"}],"predecessor-version":[{"id":4191,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4189\/revisions\/4191"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/4190"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=4189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=4189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=4189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}