Site icon The Ranch 100.1 FM

BMO announces Q2 profits that exceed Analysts Expectations

The Bank of Montreal released their Q2 results today and beat analysts expectation.

Canada’s 4th largest lender announced profits for their capital markets unit of just over a half a billion dollars and reverse a 68 million dollar loss a year ago in the same period.

The Wealth Management Department at the bank announced that profits there had doubled to $346 million dollars.

On a share level the net profit translated into $3.13 per share with analysts expecting $2.77 per share.

Exit mobile version