News Releases

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

- Fifteen per cent of affluent Canadians have a mortgage, with an average mortgage debt of $176,000

- More than one third own at least one additional property

- Top reasons for having a second property include for vacations and as an investment

- Cardholders get $1.75 for every $100 spent

- No tiers, caps or spending limits

- No annual fee for the first year - a $120 value

Integration of fingerprint recognition is the perfect passcode, offering quick, convenient and secure access to iPhone app for personal debit and credit card customers

- Majority of business owners have an understanding of how social media works, with Millennials leading the way at 93 per cent

- Over one third (35 per cent) use social media for marketing purposes

- One-in-ten (11 per cent) business owners are using social media to listen to customer feedback and understand the changing business environment

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

- Keynote presentation by Brett Begemann (President & COO, Monsanto)

- Keynote panel to focus on how to feed the world sustainably

BMO Celebrating Women recognizes exceptional women in Vancouver, Toronto, Kitchener/Waterloo and Halifax

- Nearly half use their home equity account for home improvements

- One in four homeowners currently have a home equity line or loan

- New program includes a customized wealth plan and a full suite of services designed to evolve should circumstances change

- Ideal solution for affluent seniors and their families

- There are currently more than 5.3 million people aged 65+ in Canada

- Ninety-seven per cent of Millennials say they have already filed or plan to file their taxes this year

- They plan to use their tax refunds, or a portion of them, to pay bills and/or reduce debt (37 per cent) or save and/or invest (33 per cent)

- Fewer than half regularly seek out tax-efficient investment options

- Increase expected in potash production; farm-sector growth to normalize

- GDP growth of 1.0 per cent expected in 2015, 2.0 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Employment holding up; still among strongest provinces in Canada

- GDP growth of 0.4 per cent expected in 2015, 1.9 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Stronger U.S. demand, improved business confidence driving growth

- GDP growth of 2.1 per cent expected in 2015, 2.0 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Firm U.S. demand, weak dollar to offset the impact of slowdown in China

- GDP growth of 2.6 per cent expected in 2015, 2.5 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Province to increase capital spending

- GDP growth of 1.1 per cent expected in 2015, 1.3 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Stronger U.S. economy to support growth

- Province led country in employment growth in March

- GDP growth of 2.3 per cent expected in 2015, 2.2 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- GDP growth of 1.9 per cent expected in 2015, 1.7 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Exporters benefiting from weak dollar, sturdy U.S. demand and strong housing market

- GDP growth of 2.5 per cent expected in 2015, 2.4 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016

- Provincial jobless rate rising, but oil prices have stabilized

- GDP contraction of 1.0 per cent expected in 2015, 1.5 per cent in 2016; Canada GDP growth expected to be 1.8 per cent in 2015, 2.2 per cent in 2016