News Releases

- However, 83 per cent of Canadians carrying some form of debt, up from 74 per cent in 2012

- The majority expects to be debt free in the next five years, while 18 per cent expect it will take 12 months

Financial Results Highlights:

First Quarter 2013 Compared with First Quarter 2012:

- Net income of $1,048 million, down 5%; adjusted net income(1) of $1,041 million, up 7%

- EPS(2) of $1.53, down 6%; adjusted EPS(1), (2) of $1.52, up 7%

- ROE of 14.9%, compared with 17.2%; adjusted ROE(1) of 14.8%, compared with 15.0%

- Provisions for credit losses of $178 million, compared with $141 million; adjusted provisions for credit losses(1) of $96 million, compared with $91 million

- Basel III Common Equity Ratio is strong at 9.4%

- Dividend Increased by $0.02 or 3% to $0.74 per Common Share

- Award-winning mutual fund business grew by 19.4 percent in 2012

- Global reach, regional expertise and boutique-style approach favored by individual and institutional clients

- Six new innovative funds launched to help U.S. investors help diversify their portfolios and achieve financial goals

- The ETF business has experienced double-digit growth since June 2012 and recently surpassed $7 billion in assets under management

- Three innovative BMO ETFs capturing the attention of Canadian investors

- Investor interest expected to remain solid into 2013

- Momentum in Canada's largest business centres continues to build

Historic Performance Driven by Double-digit Revenue and Double-digit Earnings Growth Across Operating Groups