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flag BMO Financial Group reported a significant Q1 2023 profit increase to $2.14 billion, topping forecasts.

flag BMO Financial Group reported a Q1 2023 profit of $2.14 billion, up from $1.29 billion in Q1 2022, with earnings per diluted share increasing to $2.83 from $1.73. flag Revenue rose to $9.27 billion from $7.67 billion, partly due to higher credit loss provisions at $1.01 billion compared to $627 million. flag Adjusted earnings per share were $3.04, exceeding analysts' forecasts of $2.41. flag Growth was bolstered by wealth management and capital markets segments.

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