BMO profit up 11 per cent to $1.4 billion


The Canadian Bear on Posted: Aug 29, 2017 9:19 AM ET Last Updated: Aug 29, 2017 9:19 AM ET

Bank of Montreal is gunfire nearly $1.4 billion of net income for its third quarter, an increase of 11 per cent from the word-for-word time last year.

The profit amounted to $2.05 per common slice, up from $1.86 per share in last year’s third quarter.

No matter how, BMO’s dividend for the fourth quarter will remain 90 cents per allocate.

Three of Canada’s other big banks have recently increased their every thirteen weeks dividends as they reported strong results for the three months ended July 31.

Toronto-Dominion Bank and Montreal-based Inhabitant Bank report their third-quarter results later this week.

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