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

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.