Tuesday, December 6, 2016

Bank of Montreal - BMO.t

Bank of Montreal - BMO.t is a highly diversified financial services provider based in North America. With total assets of $537 billion and approximately 45,500 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers.

In the United States, BMO serves customers through BMO Harris Bank.





On August 23, 2016 the company reported NUMBERS

"For the third quarter ended July 31, 2016, BMO Financial Group (TSX:BMO)(NYSE:BMO) reported net income of $1,245 million or $1.86 per share on a reported basis and net income of $1,295 million or $1.94 per share on an adjusted basis.

Financial Results Highlights:

Third Quarter 2016 Compared with Third Quarter 2015:

- Net income of $1,245 million, up 4%; adjusted net income(1) of $1,295 million, up 5%
- EPS(2) of $1.86, up 3%; adjusted EPS(1, 2) of $1.94, up 4%
- ROE of 13.0%, compared with 13.6%; adjusted ROE(1) of 13.5%, compared with 14.0%
- Provisions for credit losses of $257 million, compared with $160 million
- Basel III Common Equity Tier 1 Ratio of 10.5%

Year-to-Date 2016 Compared with Year-to-Date 2015:

- Net income of $3,286 million, up 3%; adjusted net income(1) of $3,625 million, up 6%
- EPS(2) of $4.90, up 3%; adjusted EPS(1, 2) of $5.42, up 6%
- ROE of 11.4%, compared with 12.3%; adjusted ROE(1) of 12.6%, compared with 13.2%
- Provisions for credit losses of $641 million, compared with $484 million
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