BMO Financial Group reported a Q1 profit of $1.29bn, up from $133m a year ago.

BMO Financial Group reported a Q1 profit of $1.29bn, up from $133m a year ago, as its provision for credit losses increased. The bank's profit amounted to $1.73 per diluted share for the quarter ended Jan. 31, with revenue rising to $7.67bn, up from $5.10bn. Despite the uncertain economic outlook, BMO's CEO, Darryl White, highlighted the strength and resilience of the bank's diverse businesses and strategic acquisitions.

February 27, 2024
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