The financial institution says it earned a internet earnings of $2.33 billion or $3.14 per diluted share for the quarter which ended July 31. The consequence for the quarter in contrast with a revenue of $1.87 billion or $2.48 per diluted share in the identical quarter final yr.
Income for the quarter totalled $8.99 billion within the quarter, up from $8.19 billion a yr earlier.
BMO’s provision for credit score losses amounted to $797 million for the quarter, in contrast with $906 million a yr earlier.
On an adjusted foundation, BMO says it earned $3.23 per diluted share in its newest quarter, up from an adjusted revenue of $2.64 a yr earlier.
The typical analyst estimate had been for earnings of $2.95 per share, in response to LSEG Knowledge & Analytics.
“BMO delivered one other quarter of sturdy earnings development, with strong income efficiency and good expense administration,” BMO chief government Darryl White mentioned in a press release.
“We proceed to take a position to drive sustainable development throughout our companies, together with our lately introduced acquisition of Burgundy Asset Administration Ltd., including expertise and advancing digital and AI capabilities to ship a differentiated shopper expertise.”
The financial institution mentioned its Canadian private and industrial banking enterprise earned $867 million in its newest quarter, down from $914 million a yr in the past, as increased income was greater than offset by increased bills and a better provision for credit score losses for the quarter.
Within the U.S., BMO mentioned its private and industrial banking enterprise earned $709 million, up from $470 million in the identical quarter final yr.
The financial institution mentioned its wealth administration enterprise earned $436 million, up from $362 million a yr in the past, whereas BMO’s capital markets enterprise earned $438 million, up from $389 million in the identical quarter final yr.
BMO’s company companies group reported a internet lack of $120 million, in contrast with reported internet lack of $270 million a yr earlier.
Scotiabank experiences $2.53B third-quarter internet earnings, up from $1.91B a yr in the past
Financial institution of Nova Scotia (TSX:BNS)
Numbers for its third quarter of 2025 (all figures in USD).
- Revenue: $2.53 billion (up from $1.91 billion a yr earlier)
- Income: $9.49 billion (up from $8.36 billion from the identical quarter final yr)
The Financial institution of Nova Scotia reported a third-quarter revenue of $2.53 billion, up from $1.91 billion a yr in the past.
The financial institution says the revenue amounted to $1.84 per diluted share for the quarter ended July 31, up from $1.41 per diluted share in the identical interval a yr in the past.
Income totalled $9.49 billion for the quarter, up from $8.36 billion in the identical quarter final yr.
Scotiabank’s provision for credit score losses for the quarter amounted to $1.04 billion, down from $1.05 billion a yr earlier.
