Bank of MontrealNYSE: BMO

TORONTO--(BUSINESS WIRE)---- $ARKG #Cboe--Cboe Canada is pleased to announce BMO has transferred three BMO mutual fund ETF series, trading under the symbols ARKK, ARKW, and ARKG to Cboe Canada.

Simeon Siegel, managing director of BMO Capital Markets, joins CNBC's 'The Exchange' to discuss outlooks on Lululemon, retail stocks, and more.

CINCINNATI, June 03, 2024 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (HCM) software, today announced that the company will participate in the BMO Virtual Software Conference. The presentation is scheduled for Monday, June 10, 2024 at 11:30 am Eastern Time.

A drastic increase in provisions and fall in NII hurt Bank of Montreal's (BMO) fiscal Q2 earnings. Higher non-interest income, solid loan balance and a marginal decline in expenses offer support.

Shares of Bank of Montreal or BMO Financial Group (BMO) plunged over 8% in intraday trading Wednesday after the Canadian financial firm posted worse-than-expected results. The money it set aside to cover bad loans rose from the prior quarter and it also reported that its U.S. business weakened.

Bank of Montreal (BMO) came out with quarterly earnings of $1.91 per share, missing the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $2.16 per share a year ago.

TORONTO , May 29, 2024 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced at its Board of Directors declared a quarterly dividend of $1.55 per share on paid-up common shares of Bank of Montreal for the third quarter of fiscal year 2024 ("Q3 2024 Dividend"), a 4 cent, or 3 per cent, increase from the prior quarter, up 5 per cent from the prior year. The Board of Directors also declared dividends of: $0.2265 per share on paid-up Class B Preferred Shares Series 29; $0.240688 per share on paid-up Class B Preferred Shares Series 31; $0.190875 per share on paid-up Class B Preferred Shares Series 33; and $0.426 per share on paid-up Class B Preferred Shares Series 44.

BMO's Second Quarter 2024 Report to Shareholders, including the unaudited interim consolidated financial statements for the period ended April 30, 2024 are available online at www.bmo.com/investorrelations and at www.sedarplus.ca. Financial Results Highlights Second Quarter 2024 compared with Second Quarter 2023: Net income of $1,866 million, compared with $1,029 million; adjusted net income1, 2 of $2,033 million, compared with $2,186 million Reported earnings per share (EPS)3 of $2.36, compared with $1.26; adjusted EPS1, 2, 3 of $2.59, compared with $2.89 Provision for credit losses (PCL) of $705 million, compared with $1,023 million on a reported basis and $318 million on an adjusted basis1 Return on equity (ROE) of 9.9%, compared with 5.5%; adjusted ROE1, 2 of 10.9%, compared with 12.6% Common Equity Tier 1 (CET1) Ratio4 of 13.1%, compared with 12.2% Declared a quarterly dividend of $1.55 per common share, an increase of $0.08 or 5% from the prior year and $0.04 or 3% from the prior quarter Year-to-Date 2024 compared with Year-to-Date 2023: Net income of $3,158 million, compared with $1,162 million; adjusted net income1,2 of $3,926 million, compared with $4,344 million Reported EPS3 of $4.08, compared with $1.42; adjusted EPS1,2,3 of $5.14, compared with $5.94 PCL of $1,332 million, compared with $1,240 million on a reported basis and $535 million on an adjusted basis1 ROE of 8.5%, compared with 3.0%; adjusted ROE1,2 of 10.7%, compared with 12.8% Adjusted1, 2 results in the current quarter and the prior year excluded the following items: Impact of an incremental U.S. Federal Deposit Insurance Corporation (FDIC) special assessment of $50 million ($67 million pre-tax) in the current quarter.

Bank of Montreal (BMO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.