BMO beats, boosts dividend

|By:, SA News Editor

Adjusted net income of $1.097B up 11% Y/Y. Adjusted EPS of $1.63 up 13% Adjusted ROE of 14.6% is unchanged. Basel III Common Equity Ratio of 9.7%.

Quarterly dividend boosted by $0.02 to C$0.78 per share.

Acquisition of F&C Asset Management closed shortly after quarter ended.

Canadian banking adjusted net income of $482M up 14% Y/Y on revenue up 6%.

U.S. banking adjusted net income of $151M up 6%.

Wealth Management adjusted net income of $200M up 36%. AUM of $612M up 17% thanks to higher markets.

Capital markets net income of $305M up 17% on 14% higher revenue.

Previously: Bank of Montreal beats by $0.10, misses on revenue

BMO no trades premarket