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BMO Financial Group Posts Increase in Fiscal Q3 Adjusted Net Income YoY

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BMO Financial Group (BMO.TO) reported fiscal Q3 adjusted net income of C$2.86 billion, or C$3.96 per share, an increase from C$2.40 billion, or C$3.23 per share.

Analysts polled by FactSet expected C$3.77.

Revenue was C$9.90 billion, rising from C$8.98 billion.

Analysts expected C$9.73 billion.

The company declared a fiscal Q4 dividend of C$1.71 per common share, unchanged from the prior quarter and an increase of C$0.08, or 5% from the year-ago period. The dividend is equivalent to C$6.84 per share on an annualized basis.

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