Bank of Montreal reports Q1 adjusted EPS C$2.56 vs. C$3.06 last year

Reports Q1 revenue C$7.67B vs. C$8.32B last year. Reports Q1 CET1 capital ratio 12.8%. “Against an uncertain economic outlook, we continued to demonstrate the strength and resilience of our diversified businesses and the benefit of strategic acquisitions. Although the environment has constrained revenue growth in market sensitive businesses in the near term, with the strength of our personal and commercial businesses and our sharp focus on positioning the bank effectively for long-term success by reducing expenses, optimizing our balance sheet, and growing customer relationships, we are poised to create significant value for our shareholders,” said Darryl White, CEO, BMO Financial Group.