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Earnings Flash (WISH.V) Wishpond Technologies Reports Q1 Revenue $2.8M Vs Near $4.1M a Year Earlier

$WISH.V

Earnings Flash (NA.TO) National Bank of Canada Reports Q2 Reported Net Income of $1,234M, Up 38%

Earnings Flash (NA.TO) National Bank of Canada Posts Q2 Diluted EPS $3.06, Up 41%

Silvercorp Metals' Fiscal Q4 2026 Adjusted Net Income Surges YoY; Net Loss Attributable To Equity Shareholders

Silvercorp Metals (SVM.TO) was at last look down near 0.9% in US premarket trade even after it reported a jump in adjusted net income year over year in the fiscal fourth quarter of 2026 as the company hit a record quarterly revenue due to high silver prices.Adjusted net income was US$59.3 million, or $0.27 per share, after excluding the non-cash or one-time items, surging from $14.7 million, or $0.07 per share.It had a net loss attributable to equity shareholders of $9.9 million, or $0.05 per share, mainly due to a $178.5 million non-cash charge on "mark-to-market" of the fair value of the derivative liabilities primarily related to convertible notes.Revenue was $147.4 million, up from $75.1 million. Silver represented 78% of the quarterly revenue, the company said.Adjusted EBITDA attributable to equity shareholders was $98.1 million, or $0.44 per share, rising from $29.8 million, or $0.14 per share.The company sold 1.5 million ounces of silver, down from 1.6 million ounces. Gold sales were 2,623 ounces, down from 3,465 ounces.The average selling price of silver was $78.56/ounce, up from $27.78/ounce. The gold price was $4,408/ounce, up from $2,533/ounce.Production was about 1.4 million ounces of silver and 2,492 ounces of gold, or 1.5 million ounces of silver equivalent. The company also produced 12.9 million pounds of lead and 1.4 million pounds of zinc. These represented decreases of 11% in silver, 20% in gold, 18% in silver equivalent, 17% in lead and 30% in zinc over the year-ago period.

$SVM.TO

Update: BMO Jumps Premarket After Q2 Adjusted Earnings Beat, Lower Credit Losses, Dividend Increase

(with update on performance of different units from paragraph 11)Bank of Montreal (BMO.TO, BMO) was last seen up 3.2% in New York premarket trading Wednesday as it increased its dividend while reporting an adjusted earnings beat for the second-quarter, reflecting increased earnings in most of its operating segments, while the bank said provision for credit losses was lower.For Q2, BMO reported adjusted EPS of $3.67, an increase of 40% from $2.62. FactSet estimated EPS to reach $3.45. It had adjusted net income of $2,733 million, an increase of 34% from $2,046 million.The bank reported net income of $2,630 million, an annual increase of 34% from $1,962 million in the same period last year.BMO had revenues of $9,567 million compared to $8,679 million. FactSet had forecast $9,485.7 million.Among other highlights, it had total provisions for credit losses (PCL) of $739 million, compared with $1,054 million. The PCL on impaired loans was $734 million, a decrease of $31 million, primarily due to lower provisions in capital markets and the U.S. banking. While the PCL on performing loans was $5 million, compared with $289 million in the prior year."The performing provision in the current quarter was primarily driven by the net impact of model changes, largely offset by portfolio credit migration and lower portfolio balances, while the prior year reflected changes in the macroeconomic environment," the bank said.BMO reported return on equity (ROE) of 13%, compared with 9.4%, and adjusted ROE of 13.5%, compared with 9.8%.The bank also declared a quarterly dividend of $1.71 per common share, an increase of $0.08 or 5% from the prior year and $0.04 or 2% from the prior quarter."Our second quarter results continued to demonstrate meaningful progress and momentum against these commitments. We once again strengthened ROE and delivered strong EPS growth, driven by robust fee revenue across Capital Markets, Wealth Management and Treasury and Payments. We delivered solid sequential commercial banking loan growth in both Canada and the United States, reflecting improving client activity and the strength of our bankers. These outcomes are driven by our focus on deepening client relationships, innovating to drive business value, and optimizing performance," said Darryl White, CEO of BMO Financial Group."Our value-driven approach to human- and AI-powered client experiences is delivering tangible benefits. To continue to advance our innovation strategy, we recently established the BMO Institute for Applied Artificial Intelligence & Quantum, dedicated to the responsible application, governance and oversight of AI at scale, and support our clients as they integrate AI into their companies and households. Disciplined investment, capital and risk management continue to strengthen our earnings quality, creating sustainable long-term value for our shareholders," added White.On operations, BMO said its Canadian Personal and Commercial banking unit reported net income was $884 million, an increase of $120 million or 15% from the prior year, and adjusted net income was $887 million, an increase of $119 million or 15%, primarily due to a 5% increase in revenue, as well as a lower provision for credit losses, partially offset by higher expenses.Revenue growth was driven by "increases in net interest income, primarily due to higher net interest margin, and non-interest revenue due to higher card-related and mutual fund distribution fees, partially offset by lower deposit fee revenue", the bank said.Its U.S. Banking reported net income was $790 million, an increase of $189 million or 32% from the prior year, and adjusted net income was $847 million, an increase of $172 million or 25%. The impact of the weaker U.S. dollar decreased net income by 5%, revenue by 4% and expenses by 3%, BMO said.While the Wealth Management unit reported net income was $428 million, an increase of $108 million or 34% from the prior year, and adjusted net income was $444 million, an increase of $124 million or 39%.Capital Markets reported net income of $638 million, an increase of $204 million or 47% from the prior year, and adjusted net income was $641 million, an increase of $204 million or 46%. It reflected higher revenue in Global Markets and Investment and Corporate Banking, and a lower provision for credit losses, partially offset by higher expenses, BMO noted.However, Corporate Services sector reported net loss was $110 million, compared with a reported net loss of $157 million in the prior year, and adjusted net loss was $86 million, compared with an adjusted net loss of $154 million, with "changes driven by higher treasury-related revenue".Shares of the bank were last up US$5.15 at US$166.99 on the NYSE on Thursday. They closed down C$0.89 at C$233.64 in Toronto on Tuesday.

$BMO$BMO.TO

Orvana Minerals Providing Taguas Drilling Update

$ORV.TO

National Bank Q2 Provisions for Credit Losses Were Down $257 Million

National Bank Q2 Adjusted Diluted EPS $3.23, up 13% from $2.85 in Q2 2025

National Bank Raises its Quarterly Dividend by 8 cents to $1.32 per share

BMO Jumps Near 5% Premarket After Q2 Adjusted Earnings Beat, Lower Credit Losses, Dividend Increase

Bank of Montreal (BMO.TO, BMO) was last seen up 4.9% in New York premarket trading Wednesday as it increased its dividend while reporting an adjusted earnings beat for the second-quarter, reflecting increased earnings in most of its operating segments, while the bank said provision for credit losses was lower.For Q2, BMO reported adjusted EPS of $3.67, an increase of 40% from $2.62. FactSet estimated EPS to reach $3.45. It had adjusted net income of $2,733 million, an increase of 34% from $2,046 million.The bank reported net income of $2,630 million, an annual increase of 34% from $1,962 million in the same period last year.BMO had revenues of $9,567 million compared to $8,679 million. FactSet had forecast $9,485.7 million.Among other highlights, it had total provisions for credit losses (PCL) of $739 million, compared with $1,054 million. The PCL on impaired loans was $734 million, a decrease of $31 million, primarily due to lower provisions in capital markets and the U.S. banking. While the PCL on performing loans was $5 million, compared with $289 million in the prior year."The performing provision in the current quarter was primarily driven by the net impact of model changes, largely offset by portfolio credit migration and lower portfolio balances, while the prior year reflected changes in the macroeconomic environment," the bank said.BMO reported return on equity (ROE) of 13%, compared with 9.4%, and adjusted ROE of 13.5%, compared with 9.8%.The bank also declared a quarterly dividend of $1.71 per common share, an increase of $0.08 or 5% from the prior year and $0.04 or 2% from the prior quarter."Our second quarter results continued to demonstrate meaningful progress and momentum against these commitments. We once again strengthened ROE and delivered strong EPS growth, driven by robust fee revenue across Capital Markets, Wealth Management and Treasury and Payments. We delivered solid sequential commercial banking loan growth in both Canada and the United States, reflecting improving client activity and the strength of our bankers. These outcomes are driven by our focus on deepening client relationships, innovating to drive business value, and optimizing performance," said Darryl White, CEO of BMO Financial Group."Our value-driven approach to human- and AI-powered client experiences is delivering tangible benefits. To continue to advance our innovation strategy, we recently established the BMO Institute for Applied Artificial Intelligence & Quantum, dedicated to the responsible application, governance and oversight of AI at scale, and support our clients as they integrate AI into their companies and households. Disciplined investment, capital and risk management continue to strengthen our earnings quality, creating sustainable long-term value for our shareholders," added White.Shares of the bank were last up US$7.96 at US$169.80 on the NYSE on Thursday. They closed down C$0.89 at C$233.64 in Toronto on Tuesday.

$BMO$BMO.TO

Gran Tierra Energy Announced Completion of Conditions Precedent for Tisquirama Contract

$GTE.TO

Update: Scotiabank Turns Negative Premarket Despite Q2 Earnings Beat; Highlights Include Dividend Hike; Lower Credit Losses

(Adds share price move in second paragraph and includes updates on the performance of different banking units from paragraph eleven)The Bank of Nova Scotia (BNS.TO, BNS) has turned negative in New York premarket trading Wednesday although it kicked off the second-quarter earnings season for Canada's big banks by posting an earnings beat, supported by growth across all of its business lines, with credit losses edging lower and management saying the bank "remains on track to achieve its financial objectives for fiscal 2026", prompting it to increase the dividend.Shares in BNS were last seen down near 0.7% in US premarket trade, having been slightly higher immediately after the release of its result. But the stock did strike 52 week highs on the NYSE yesterday.On a reported basis, the bank posted net income of $2,632 million in Q2, up 29.5% on an annual basis from $2,032 million a year earlier. Diluted earnings per share were $2.00, compared with $1.48 in the prior-year period.On an adjusted basis, net income rose 28% year over year to $2,652 million, from $2,072 million a year ago. Adjusted diluted earnings per share climbed to $2.02, from $1.52 last year, surpassing $1.93 estimates compiled by FactSet.Revenue for the three months ended April 30 increased 8.1% to $9,837 million, from $9,098 million, exceeding the C$9,696.5 million consensus estimate from FactSet.Adjusted return on equity was 13.2% compared to 10.4% a year ago. The bank reported a Common Equity Tier 1 (CET1) capital ratio of 13.3%.Among other highlights, the provision for credit losses was $1,217 million compared to $1,398 million, a decrease of $181 million. The provision for credit losses ratio decreased by nine basis point to 66 basis points. The provision for credit losses on performing loans was $88 million compared to $346 million, a decrease of $258 million.The bank said, the "provision this quarter was due primarily to the impact of the unfavourable macroeconomic outlook impacting the Canadian Banking portfolios, as well as credit migration in the International commercial portfolio".The bank also declared a dividend of $1.14 per share, an increase of $0.04 per share on the outstanding common shares This dividend is payable on July 29, 2026, to shareholders of record at the close of business on July 7, 2026."The Bank delivered another strong quarter as we continue to execute on our strategy, with strong revenue growth coupled with expanding margins and another quarter of positive operating leverage," said Scott Thomson, CEO of Scotiabank."The Bank remains on track to achieve its financial objectives for fiscal 2026 and its 14%+ ROE objective in fiscal 2027. Our focus on evolving our business mix drove strong fee income and wealth management revenues, along with sequential Canadian commercial and small business loan growth," he added.Among units, Canadian Banking delivered earnings of $935 million, up 53% year-over-year, primarily driven by higher revenues and lower provision for credit losses on performing loans, partly offset by higher non-interest expenses. "The business grew day-to-day and savings deposits and delivered another quarter of solid positive operating leverage, in line with its strategic objectives," Scotiabank said.International Banking generated earnings of $701 million, up 4% year-over-year on the back of lower non-interest expenses, lower income taxes and the positive impact of foreign currency translation, the bank said, adding it was "was partly offset by lower net interest income, lower non-interest income and higher provision for credit losses".Global Wealth Management segment delivered adjusted earnings of $474 million, up 19% year-over-year driven by higher mutual fund fees, brokerage revenues and net interest income across the Canadian wealth business. This was partly offset by higher volume-related non-interest expenses, the lender noted.Shares closed up C$0.02 up at C$111.00 in Toronto on Tuesday.

$BNS$BNS.TO

Earnings Flash (BMO.TO) BMO Financial Group Reports Q2 Adjusted Net Income of $2,733M, Up 34% YoY

Bank of Montreal Q2 Common Equity Tier 1 Ratio of 13.0%, Compared With 13.5%

Bank of Montreal Q2 Declared a quarterly dividend of $1.71 per common share, an increase of $0.08 or 5% from the prior year

Bank of Montreal Q2 Provision for Credit Losses of $739M, a Decrease From $1,054M

Bank of Montreal Q2 adjusted EPS of $3.67, an increase of 40% from $2.62

Scotiabank Edges Higher Premarket After Q2 Earnings Beat; Highlights Include Dividend Hike; Lower Credit Losses

The Bank of Nova Scotia (BNS.TO, BNS) was last seen up 0.01% in New York premarket trading Wednesday after kicking off the first-quarter earnings season for Canada's big banks by posting an earnings beat, supported by growth across all of its business lines, with credit losses edging lower and management saying the bank "remains on track to achieve its financial objectives for fiscal 2026", prompting it to increase the dividend.On a reported basis, the bank posted net income of $2,632 million in Q2, up 29.5% on an annual basis from $2,032 million a year earlier. Diluted earnings per share were $2.00, compared with $1.48 in the prior-year period.On an adjusted basis, net income rose 28% year over year to $2,652 million, from $2,072 million a year ago. Adjusted diluted earnings per share climbed to $2.02, from $1.52 last year, surpassing $1.93 estimates compiled by FactSet.Revenue for the three months ended April 30 increased 8.1% to $9,837 million, from $9,098 million, exceeding the C$9,696.5 million consensus estimate from FactSet.Adjusted return on equity was 13.2% compared to 10.4% a year ago.Among other highlights, the provision for credit losses was $1,217 million compared to $1,398 million, a decrease of $181 million. The provision for credit losses ratio decreased by nine basis point to 66 basis points. The provision for credit losses on performing loans was $88 million compared to $346 million, a decrease of $258 million.The bank said, the "provision this quarter was due primarily to the impact of the unfavourable macroeconomic outlook impacting the Canadian Banking portfolios, as well as credit migration in the International commercial portfolio".The bank also declared a dividend of $1.14 per share, an increase of $0.04 per share on the outstanding common shares This dividend is payable on July 29, 2026, to shareholders of record at the close of business on July 7, 2026."The Bank delivered another strong quarter as we continue to execute on our strategy, with strong revenue growth coupled with expanding margins and another quarter of positive operating leverage," said Scott Thomson, CEO of Scotiabank."The Bank remains on track to achieve its financial objectives for fiscal 2026 and its 14%+ ROE objective in fiscal 2027. Our focus on evolving our business mix drove strong fee income and wealth management revenues, along with sequential Canadian commercial and small business loan growth," he added.Shares closed up C$0.02 up at C$111.0 in Toronto on Tuesday.

$BNS$BNS.TO

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