BMO Joins the Party as ‘Big Five’ Banks Record Another Successful Quarter

BMO Joins the Party as ‘Big Five’ Banks Record Another Successful Quarter
The Bank of Montreal concluded another strong quarter for Canadian bank earnings. The Canadian Press/Nathan Denette
The Canadian Press
Updated:

TORONTO—The Bank of Montreal joined its peers in delivering second-quarter profits that beat expectations as Canada’s Big Five banks earned a collective $10.6 billion—up nearly 11 percent from a year ago.

Canada’s biggest banks also handily beat analyst estimates for adjusted profits, brushing off concern about the impact of a cooling real estate market amid tighter mortgage lending guidelines.