Bank of Montreal posts higher quarterly profit, hikes dividend
The Bank of Montreal reported a significant increase in its second-quarter profit, driven by strong performance in its capital markets division. The profit reached $2.63 billion, up from $1.96 billion in the same period last year. Additionally, the bank announced a quarterly dividend increase to $1.71 per share.
- ▪BMO reported a profit of $2.63 billion for the second quarter.
- ▪This is an increase from $1.96 billion in the same quarter last year.
- ▪The bank raised its quarterly dividend to $1.71 per share, up by 4 cents.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountBank of Montreal BMO-T Financial reported a jump in second-quarter profit on Wednesday, lifted by robust performance in its capital markets business. Profit was $2.63-billion or $3.53 per share in the three months ended April 30, compared with $1.96-billion or $2.50 per share a year earlier.In a press release, BMO announced a quarterly dividend of $1.71 a share, a 4 cent increase.- with a report by Globe staff
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