News Releases

- Two thirds have savings to cover expenses in a financial emergency

- Average amount in a rainy day fund is $46,362

- Thirty percent report that their rainy day fund would last less than a month

- BMO offers a student intern program each summer that helps participants develop practical skills relevant to the corporate business environment

- Millennials (18 to 34 years old) make up 25 per cent of BMO's workforce and by 2025 they will make up 75 per cent

- Students rank BMO as one of Canada's Top 100 Ideal Employers in a survey by Universum

Financial Results Highlights:

Second Quarter 2015 Compared with Second Quarter 2014:

- Net income of $1 billion, down 7%; adjusted net income(1) of $1,146 million, up 5%

- EPS(2) of $1.49, down 7%; adjusted EPS(1,2) of $1.71, up 5%

- ROE of 11.4%, compared with 14.3%; adjusted ROE(1) of 13.2%, compared with 14.6%

- Provisions for credit losses of $161 million, compared with $162 million

- Basel III Common Equity Tier 1 Ratio of 10.2%

- Dividend increased by $0.02 or 2% from the preceding quarter to $0.82

Year-to-Date 2015 Compared with Year-to-Date 2014:

- Net income of $1,999 million, down 6%; adjusted net income(1) of $2,187 million, unchanged

- EPS(2) of $2.95, down 7%; adjusted EPS(1,2) of $3.24, unchanged

- ROE of 11.6%, compared with 14.3%; adjusted ROE(1) of 12.8%, compared with 14.6%

- Provisions for credit losses of $324 million, compared with $261 million