Bank of Montreal

BMO: XTSE (CAN)
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Bank of Montreal Earnings: US Balance Sheet Optimization Mostly Complete

Bank of Montreal reported strong fiscal second-quarter results, as adjusted earnings per share of CAD 3.67 rose 40% from the year-ago quarter. The results translate to an adjusted return on equity of 13.5%, improving 370 basis points year over year, though still below the 15% medium-term target.

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