BMO’s Q2 net in­come up 28 per cent to $1.25 bil­lion

Cape Breton Post - - Business -

TORONTO — The Bank of Mon­treal (TSX:BMO) had $1.25 bil­lion of net in­come in its sec­ond quar­ter. That’s up 28 per cent from $973 mil­lion dur­ing the same pe­riod last year. Rev­enue was $5.74 bil­lion, up from $5.10 bil­lion a year ago.

BMO’s net in­come was equal to $1.84 per share, up from $1.45 per share dur­ing the sec­ond quar­ter of 2016. The Toronto-based bank also an­nounced its quar­terly div­i­dend will rise by two cents to 90 cents per share, payable on Aug. 28.

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