Bank of Montreal Reports 22% Increase in Quarterly Profit

Bank of Montreal has reported a 22% increase in its quarterly profit compared to the same period last year. This growth exceeds analyst expectations.

Key Financial Metrics

• Earnings per share have beaten estimates by a notable margin
• Return on equity has reached 12%
• Revenue has surpassed expectations

Share Repurchase and Dividend Announcement

The bank has announced plans to repurchase up to 30 million of its common shares. Additionally, a dividend of CAD 1.63 per share has been declared.

Financial Performance

The company’s financial performance has been strong, with several key metrics exceeding expectations.