Company Announcements

BMO Financial Group’s Steady Growth Amid Challenges

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has released an update.

BMO Financial Group reported a net income of $1,865 million for Q3 2024, a notable increase from $1,565 million in the same quarter the previous year, despite a higher provision for credit losses and a slight dip in adjusted earnings per share. The firm saw robust growth in Canadian Personal and Commercial Banking, with U.S. markets contributing to consistent earnings. Concurrently, BMO declared a steady quarterly dividend of $1.55 per share, reflecting a strong balance sheet and a commitment to delivering shareholder returns.

For further insights into BULZ stock, check out TipRanks’ Stock Analysis page.

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