BMO Financial Group Delivers Double-Digit Profit Growth in First Quarter 2026

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN ( (BULZ) ) has issued an announcement.

BMO Financial Group reported strong first-quarter 2026 results for the period ended January 31, 2026, with reported net income rising 16% year over year to $2.49 billion and adjusted net income up 11% to $2.55 billion. Earnings per share climbed 20% on a reported basis and 15% on an adjusted basis, return on equity improved, and credit quality strengthened as provisions for credit losses fell to $746 million from $1.01 billion.

Performance was broad-based, with record revenue across all operating segments, including solid growth in Canadian personal and commercial banking, higher U.S. banking earnings driven mainly by lower credit losses, and stronger wealth and capital markets results aided by robust markets and higher advisory and trading revenues. The quarter also reflected severance costs tied to operational efficiency initiatives, the contribution of recently acquired Burgundy Asset Management, an unchanged quarterly dividend of $1.67 per share that is 5% above last year, and continued capital returns via the repurchase of 6 million common shares, leaving BMO with a Common Equity Tier 1 capital ratio of 13.1%.

More about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN

BMO Financial Group, operating as Bank of Montreal, is a major North American diversified financial services provider offering retail and commercial banking, wealth management, insurance and capital markets services. Listed on the TSX and NYSE, the bank serves customers in Canada, the U.S. and internationally, with a focus on leveraging technology and balance sheet strength to drive profitable growth.

Average Trading Volume: 2,612,931

Current Market Cap: $17.53B

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