Bank Of Montreal (TSE:BMO)
TSX:BMO
Earnings Data
Report Date
Jun 03, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.41Last Year’s EPS
2.62Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call showcases clear and broad-based operational momentum with record PPPT, double-digit EPS and ROE improvement, strong Capital Markets and Wealth performance, successful integration of acquisitions, disciplined cost actions and continued capital returns. Offsetting this are one-time severance costs, elevated expenses in the near term, pockets of consumer credit stress in Canada (higher delinquencies and elevated unsecured loss rates), muted loan growth due to optimization (especially in the U.S.) and macro/trade uncertainty affecting Canadian outlook. On balance, the positives—sizable earnings and ROE progression, margin improvement, strong fee growth and a path to further loan/deposit expansion as optimization completes—materially outweigh the transitory and localized headwinds.Company Guidance
Record Pre-Provision Pre-Tax Earnings and Revenue
PPPT reached a record $4.1 billion. Management reported record revenue across each operating segment, with total revenue up 6% year-over-year (8% on a constant currency basis).
Strong EPS and Net Income Growth
Adjusted EPS were $3.48, up 15% year-over-year (reported EPS $3.39). Adjusted net income was $2.6 billion, up 11% year-over-year.
Material ROE and ROTCE Improvement
Underlying ROE reached 13.1%, up 180 basis points year-over-year and 130 basis points sequentially. ROTCE improved to 17.1%, up 220 basis points year-over-year.
NII / NIM Momentum (Core Banking)
NII excluding Global Markets was up 5% year-over-year (7% constant currency). NIM ex Markets was 233 basis points, up 20 bps year-over-year and up 3 bps sequentially, driven by margin expansion in Canadian P&C and U.S. Banking.
Capital Markets and Wealth Outperformance
Capital Markets delivered PPPT of $893 million with revenue up 7% and net income up 11%, led by equities, commodities trading and higher advisory/ECM fees. Wealth Management net income rose 16% and revenue was up 17% (including Burgundy acquisition), with successful integration and strong retention.
Canadian Commercial & Retail Strength
Canadian Commercial Banking revenue grew ~10%. Canadian P&C saw operating deposit growth (cited +8%) and mutual fund sales up 13%. TPS fees and commercial deposit growth supported fee expansion.
Expense Discipline and Efficiency Gains
Excluding the severance charge, the bank delivered positive operating leverage of 1.1% and an improved efficiency ratio of 55.8%. Management expects approximately $250 million of annualized savings from the restructuring charge.
Balance Sheet / Capital Actions
CET1 capital remained strong at 13.1% (about 20 bps decline sequentially due to buybacks and RWA changes). The bank repurchased 6 million shares during the quarter while maintaining capital above target (management target CET1 ~12.5%).
U.S. Optimization Progress and Pipeline Momentum
U.S. optimization efforts are ~90% complete. Management reported record U.S. revenue and sequential NIM improvement in U.S. Banking (U.S. NIM +13 bps q/q) and expects positive commercial loan growth in H2 2026 as pipelines convert.
Credit Coverage and Impaired Loan Reductions
Gross impaired loans decreased $228 million to $6.9 billion (102 bps). The performing allowance stood at $4.6 billion, providing coverage of ~69 bps over performing loans. Total PCL declined to $746 million.
TSE:BMO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:BMO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | C$195.06 | C$202.52 | +3.82% |
Dec 04, 2025 | C$175.47 | C$175.27 | -0.11% |
Aug 26, 2025 | C$154.95 | C$162.20 | +4.68% |
May 29, 2025 | C$142.94 | C$143.62 | +0.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Bank Of Montreal (TSE:BMO) report earnings?
Bank Of Montreal (TSE:BMO) is schdueled to report earning on Jun 03, 2026, Before Open (Confirmed).
What is Bank Of Montreal (TSE:BMO) earnings time?
Bank Of Montreal (TSE:BMO) earnings time is at Jun 03, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BMO EPS forecast?
TSE:BMO EPS forecast for the fiscal quarter 2026 (Q2) is 3.41.
