Bank of MontrealBMO
▲ PositiveCapitalrelevance
Record adjusted EPS and net income, improved ROE, and new buyback program.
Impact on stocks 1
Financials
Bank of MontrealBank of Montreal reported record adjusted earnings per share of $3.96 for the third quarter of fiscal 2026, up 22% year-over-year, with adjusted net income of $2.9 billion. Pre-provision pretax earnings rose 13% to $4.5 billion, with all four operating segments posting record results, and return on equity improved to 14%, up 200 basis points. The bank's CET1 ratio held at 13%, and it announced a new share buyback program while expecting a 50 basis point capital uplift from divestitures. Credit quality improved as impaired provisions hit their lowest level in 10 quarters, though total provisions for credit losses remained elevated at $722 million. Management expressed confidence in achieving a sustainable 15% return on equity by fiscal 2027, citing strong momentum in Capital Markets and Wealth Management.
Bank of MontrealRecord adjusted EPS and net income, improved ROE, and new buyback program.