BMO Financial Group reports Q4 profit down from 1 year ago, raises dividend
Global News
On an adjusted basis, BMO says it earned $2.81 per diluted share in its latest quarter, down from an adjusted profit of $3.04 per diluted share a year ago.
BMO Financial Group raised its dividend as it reported its fourth-quarter profit fell compared with a year ago.
The bank says it will now pay a quarterly dividend of $1.51 per share, up from $1.47 per share.
The increased payment to shareholders came as BMO said its net income amounted to nearly $1.62 billion or $2.06 per diluted share for the quarter ended Oct. 31, down from $4.48 billion or $6.51 per diluted share a year earlier.
On an adjusted basis, BMO says it earned $2.81 per diluted share in its latest quarter, down from an adjusted profit of $3.04 per diluted share a year ago.
Revenue was $8.36 billion, down from $10.57 billion in the same quarter last year.
BMO’s total provision for credit losses for the quarter rose to $446 million, up from $226 million a year earlier.
Toronto Police say five people have been injured and four of them have been arrested after a crash in Scarborough involving a stolen vehicle.
Parents in the Halifax area are voicing concerns as children have been finding drug paraphernalia in their neighbourhoods. In one case, a child was pricked by a discarded needle.
Voters in Nova Scotia are heading to the polls today as the province holds an election to determine if Tim Houston and the Progressive Conservatives will remain in power.
On Monday, Trump vowed to slap a 25 per cent tariff on all products coming from Canada and Mexico on his first day back in office.
'A cherished member of the theatre community, his presence brought joy, heart and depth to every role, and his artistic contributions — and big hugs — will be deeply missed'
An Ontario man was restrained with duct tape last week after allegedly trying to open the door of a plane mid-flight, called himself the “captain" and injuring a flight attendant.
Finance Minister Chrystia Freeland on Monday called on provinces to 'step up' and get on board with the Liberals' plan to grant a tax holiday on some items for two months.
As authorities investigate the deaths of six tourists in Laos, here's what Canadians need to know about recognizing and preventing methanol poisoning while travelling.
Danielle Smith said the Alberta government is looking for ways to encourage pipeline companies to boost capacity and increase Alberta's oil and gas export volumes to the U.S.
'She thinks she's playing Robin Hood, and in actuality, she's putting these fishermen in a worse-off situation than they currently are,' one licence-holder said.
The Women and Children’s Shelter of Barrie in Ontario say they expect to turn away 650 women and children this year for service. It's a problem seen across Canada.