BMO Financial Group reports $1.87B Q2 profit, raises dividend to $1.55/share, and revenue increases to $7.97B.

BMO Financial Group reports a $1.87B Q2 profit, up from $1.03B last year; decides to raise quarterly dividend by 4 cents to $1.55/share. Revenue increased to $7.97B, while provision for credit losses dropped to $705M. Adjusted earnings per diluted share were $2.59, short of analysts' $2.77 per share expectation.

May 29, 2024
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