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BMO Financial Group reported a significant Q1 2023 profit increase to $2.14 billion, topping forecasts.
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.
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.
Adjusted earnings per share were $3.04, exceeding analysts' forecasts of $2.41.
Growth was bolstered by wealth management and capital markets segments.
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BMO Financial Group reportó un significativo aumento de beneficios en el primer trimestre de 2023 a 2.140 millones de dólares, superando las previsiones.