🏦 BMO Q1 2025 Report
Adjusted earnings of $3.04/share beating expectation of $2.42 (Bloomberg Survey) due to higher income at its capital-markets and wealth management units.
🔹 Key Highlights
- Net Quarterly Income: Increased by 66% from Q1 2024 to $2,140M. Adjusted Net Income was $2,290M, 21% higher than Q1 2024.
- Net Loan Write-Offs: Up 32% year-over-year to $504M, 60% lower than last quarter.
- Provisions for Credit Losses (PCL): Jumped 61% year-over-year to $1.01 billion, marking a 34% decrease from the previous quarter’s all-time high.
- Share Price: Increased sharply on February 25, 2024, after beating expectations.
- Quarterly Dividend: $1.59, the same as last quarter and 8 cents higher than last year.
🔹 Other Info About $BMO (Intraday Feb. 26, 2025)
- Dividend Yield: 4.5%
- P/E: 15.8
- Market Cap: $109.7B
BMO’s profits are lower than in Q1 2024 in Canadian Personal and Commercial Banking and in the US Personal and Commercial Banking segments (in USD) while impressively growing in Wealth Management and Capital Markets. As TD is unable to grow its US banking segment, BMO has become the way to gain exposure to US commercial banking.
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