BMO Financial Group Reports Strong First-Quarter Profit
TORONTO — BMO Financial Group has announced a first-quarter profit of $2.49 billion, an increase from $2.14 billion reported in the same period last year. The bank’s profit translates to $3.39 per diluted share for the quarter ending January 31, up from $2.83 per diluted share a year earlier.
Why This Matters
The bank’s revenue for the quarter reached $9.82 billion, up from $9.27 billion a year ago. Additionally, BMO’s provisions for credit losses decreased to $746 million from $1.01 billion. On an adjusted basis, the bank reported earnings of $3.48 per diluted share, surpassing analysts’ expectations of $3.20 per share, according to LSEG Data & Analytics.
BMO’s Chief Executive Darryl White stated that the bank had a strong start to the year, emphasizing record revenue across all operating segments and strong fee growth in market-driven businesses.
What’s Next for BMO Stock?
In addition to its financial performance, BMO’s Board of Directors declared a quarterly dividend of $1.67 per share on common shares, consistent with the previous quarter. This dividend is payable on May 26, 2026, to shareholders of record on April 29, 2026. The bank’s stock is also seeing increased interest from institutional investors, with TD Asset Management Inc increasing its stake by 10.3% in the third quarter.
As BMO continues to build on its momentum, investors will be watching closely to see how these developments impact the stock’s performance in the coming months.
