BMO Financial Group reported a third-quarter profit of $1.75 billion, down from $2.33 billion a year earlier, as it took a charge related to the sale of its transportation and vendor finance businesses.<\/p>\n
The bank said Tuesday the profit amounted to $2.38 per diluted share for the quarter which ended July 31, down from a profit of $3.14 in the same quarter last year.<\/p>\n
On an adjusted basis, BMO says it earned $3.96 per diluted share in its latest quarter, up from an adjusted profit of $3.23 per diluted share a year ago.<\/p>\n
Revenue for the quarter totalled $9.90 billion, up from $8.99 billion a year earlier.<\/p>\n
BMO\u2019s provision for credit losses amounted to $722 million, down from $797 a year ago.<\/p>\n
Analysts on average had expected an adjusted profit of $3.76 per share and revenue of $9.75 billion, according to LSEG Data & Analytics.<\/p>\n
\u201cBMO delivered another strong quarter, driven by disciplined execution against the commitments we made at our March investor day to elevate ROE and accelerate growth,\u201d CEO Darryl White said in a statement.<\/p>\n
\u201cWe continue to reallocate and deploy capital to areas positioned to deliver sustainable and long-term value for our shareholders.\u201d<\/p>\n
BMO\u2019s Canadian personal and commercial banking business earned $980 million, up from $849 million in the same quarter last year, helped by an increase in revenue and a lower provision for credit losses, partially offset by higher expenses.\u00a0<\/p>\n
Meanwhile, BMO\u2019s U.S. banking business earned $868 million, up from $767 million a year ago.<\/p>\n
BMO\u2019s wealth management business earned $408 million, up from $392 million in the same quarter last year, while its capital markets business earned $645 million, up from $442 million a year ago.<\/p>\n
—<\/p>\n
This report by The Canadian Press was first published Aug. 25, 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"BMO Financial Group reported a third-quarter profit of $1.75 billion, down from $2.33 billion a year earlier, as…\n","protected":false},"author":2,"featured_media":870989,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[4498,45,49,48,133],"class_list":["post-870988","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-banks","tag-business","tag-ca","tag-canada","tag-finance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/870988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=870988"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/870988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/870989"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=870988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=870988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=870988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}