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Stock impact report

BMO boosts dividend as quarterly earnings beat market forecasts [Toronto Globe and Mail (Ontario, Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Bank of Montreal hiked its dividend as it reported a fourth-quarter profit that jumped 38 per cent compared with a year ago and beat analyst estimates. Canada’s fourth-largest bank said Tuesday it will now pay a quarterly dividend of $1 per share, up four cents from its previous payment. The increase in payment to shareholders came as BMO reported its net income for the three months ended Oct. 31 rose to $1.7-billion or $2.57 per diluted share, up from to $1.23-billion or $1.81 in 2017. Story continues below advertisement The bank’s latest quarterly results were driven by strong performances from its Canadian and U.S. personal and commercial banking divisions as well as its wealth management business. “This year, we continued to make good progress against our strategic objectives,” chief executive Darryl White said in a statement. “We grew our U.S. segment at an accelerated pace, increased momentum in our commercial banking bu Show less Read more
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