BMO Q1 Earnings: Results Drive New Highs

We’re back to bank earnings week, with the Bank of Montreal (TSX: BMO) the second name to report its first quarter financial results this week among Canada’s big six banks.

And while investors had a particular disdain for Scotiabank’s earnings, they took a liking to BMO’s results, with the equity closing out the day up nearly five percent following the release of the results.

What drove the run? 

Let’s dive in.


Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses.

Video Articles

The $30,000 Gold Case Just Got Stronger | Simon Marcotte

Why Silver’s Move Is ‘Scary’ to Some Miners | Frank Basa

Are Commodities Entering a Generational Cycle? | Terry Lynch

Recommended

Steadright Closes Out Financing, Raising $1.6 Million For Moroccan Strategy

Questcorp and Riverside Lock Down Key Sonora Mineral Concessions

Related News

Bank of Montreal Downgraded by RBC Amid Rapid Credit Quality Decline

RBC Capital Markets downgraded the Bank of Montreal (TSX: BMO) from “Outperform” to “Sector Perform,”...

Wednesday, July 31, 2024, 01:46:00 PM

BMO Misses Quarterly Profit Estimates, Increases Dividends

Bank of Montreal (TSX: BMO) shares fell by more than 7% on Wednesday after the...

Friday, May 31, 2024, 03:56:00 PM

Bank of Montreal Q3 2024 Financials: Estimates Missed Due To Higher Credit-Loss Provisions

The Bank of Montreal (TSX: BMO) reported disappointing third-quarter results on Tuesday, falling short of...

Tuesday, August 27, 2024, 12:03:00 PM

BMO Reports 22.8% Of Residential Mortgage Book Is In Negative Amortization

Canada’s banks have a problem. Despite being nearly two years into the interest rate hike...

Tuesday, February 27, 2024, 11:48:00 AM

Canadian Banks Abandon UN Climate Alliance

Five major Canadian lenders have broke ties with a UN-backed climate initiative over the last...

Wednesday, January 22, 2025, 12:54:00 PM