News Releases

Financial Results Highlights:

Second Quarter 2016 Compared with Second Quarter 2015:

- Net income of $973 million, down 3%; adjusted net income(1) of $1,152 million, up 1%

- EPS(2) of $1.45, down 3%; adjusted EPS(1,2) of $1.73, up 1%

- ROE of 10.1%, compared with 11.4%; adjusted ROE(1) of 12.1%, compared with 13.2%

- Provisions for credit losses of $201 million, compared with $161 million

- Basel III Common Equity Tier 1 Ratio of 10.0%

- Dividend increased by $0.02 or 2% from the preceding quarter to $0.86

Year-to-Date 2016 Compared with Year-to-Date 2015:

- Net income of $2,041 million, up 2%; adjusted net income(1) of $2,330 million, up 7%

- EPS(2) of $3.03, up 3%; adjusted EPS(1,2) of $3.48, up 7%

- ROE of 10.5%, compared with 11.6%; adjusted ROE(1) of 12.1%, compared with 12.8%

- Provisions for credit losses of $384 million, compared with $324 million

- Event features industry leaders from the agriculture, protein, food, fertilizer, retail distribution, restaurant and supermarket sectors

- First-Time Budget for 2016 has risen to $246,378, an increase of 27.5 percent since 2014

- Expected down payment is 10 percent

- Majority of first-time buyers have made lifestyle cutbacks to save money

- Event features industry leaders from the agriculture, protein, food, fertilizer, retail distribution, restaurant and supermarket sectors

Report Findings to Support Implementation of Specialized Programs within the Bank

Measures the Bank's Strong Commitment to Gender Equality

- The BMO Women in Leadership Fund invests in North American companies that promote gender-diverse leadership

- BMO Investments Inc. has also launched BMO Fossil Fuel Free Fund, a socially responsible investment (SRI) strategy that excludes companies primarily involved in the development and infrastructure of fossil fuels

- The two funds provide Canadians with more choice and the opportunity to make investments that reflect their personal principles

- Millennials view home ownership as an important investment rather than an important milestone, and as a means to, potentially, build equity

- Three quarters express not feeling pressured to own property by a certain age or life stage

- Two thirds agree they have other priorities or goals before purchasing a home

- Ontario and Quebec supported by competitive currency and firm U.S. demand

- U.S. states in the region see ongoing housing and consumer expansion tempered by the strong U.S. dollar

- Lower oil price environment should reduce costs through the manufacturing supply chain

BMO Wealth Management's John Waters answers the top five tax-related questions in a new online video series