Bank Of Montreal (DE:BZZ)

NYSE:BZZ

BZZ

Bank Of Montreal

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Bank Of Montreal (BZZ) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 25, 2026

Before Open (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

2.3

Last Year’s EPS

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 10 Analysts Ratings

Earnings Call Summary

Q2 2026

Earnings Call Date:May 27, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented materially positive operating and capital trends: strong adjusted EPS growth (+40%), record PPPT and net income, large ROE and ROTCE improvements, positive operating leverage and clear segment-level momentum (Wealth, Capital Markets, U.S. Banking, Canadian P&C). Management is executing on optimization actions (asset sales, deposit mix changes), returning capital via buybacks and a dividend increase, and investing in digital/AI capabilities. Offsets include elevated PCL in unsecured consumer cards and some sequential NIM pressure from higher liquidity and mix shifts, plus ongoing economic/geopolitical uncertainty. On balance, the positives (earnings, returns, capital actions, diversified fee growth) significantly outweigh the headwinds, supporting a constructive outlook while acknowledging near-term credit and margin sensitivity.

Company Guidance

The management guidance emphasized a clear path to a 15% ROE exit target by FY2027, supported by current momentum: Q2 adjusted EPS $3.67 (+40% YoY), reported EPS $3.53, record net income ~$2.7B, PPPT $4.4B (+16%), ROE 13.5% (+370 bps YoY), ROTCE 17.6% (+480 bps) and ROA 73 bps. Revenue grew 10% (12% constant currency) with NII ex-markets +4% and NIM ex-markets 229 bps (+12 bps YoY), NIR +20% (24% ex-trading); expenses +6% (3% ex-FX & higher performance comp) yielding a 54.4% efficiency ratio and +4.1% operating leverage. Credit guidance: total PCL $739M (45 bps), impaired provisions ~$734M, performing loan coverage 69 bps, $4.7B performing allowance, gross impaired loans $6.9B (101 bps) on a $685B loan book, with impaired provisions expected to stay in the mid-40s bps over the next couple of quarters. Capital and capital actions: CET1 13% (12.5–13% target range) with +30 bps internal generation this quarter, a ~28 bps pro forma boost from the Transportation/vendor finance sale (accretive ~30 bps ROE), 6M shares repurchased and a 5% dividend increase to $1.71; other operational targets include full-year mid-single-digit core expense growth, ~$250M annualized efficiency savings (half to be realized this year), sequential commercial loan growth (U.S. +4% as‑at, Canada +2% as‑at), and continued deposit and wealth traction (Canadian retail core deposits +7%, commercial +8%; U.S. core retail deposits +4%; AUM +30%; mutual fund sales +49%; Wealth earnings +39%).

Strong Earnings and EPS Growth

Adjusted EPS of $3.67, up 40% year-over-year; pre-provision pre-tax earnings (PPPT) of $4.4 billion, up 16% year-over-year; management reported record net income of ~$2.7 billion (adjusted) with reported net income of $2.6 billion.

Improved Return Metrics

Return on equity (ROE) of 13.5%, up 370 basis points year-over-year; ROTCE of 17.6%, up 480 basis points; return on assets (ROA) of 73 basis points.

Operating Leverage and Efficiency Gains

Positive operating leverage of 4.1%; efficiency ratio improved to 54.4%; total expenses up 6% (3% ex-FX and performance compensation) while delivering positive operating leverage.

Capital Strength and Shareholder Returns

CET1 ratio strong at 13% (at the higher end of target range); internal capital generation added ~30 basis points this quarter; announced sale of transportation & vendor finance businesses expected to add ~28 basis points to CET1; repurchased 6 million shares and raised the dividend by 5% to $1.71.

Wealth & Asset Management Outperformance

Wealth Management delivered record earnings, up 39% year-over-year; assets under management (AUM) up 30%; mutual fund sales up 49% year-over-year and continued ETF market share gains (20 ETFs recognized in Globe and Mail ranking).

Capital Markets Momentum

Capital Markets PPPT of $900 million (record), with net income up 46% year-over-year and revenue up 19%; strength driven by equities trading, underwriting and advisory fees, including a #1 ECM ranking in Canada and leadership in Metals & Mining transactions.

U.S. Banking Improvement and Loan Growth

U.S. Banking ROE expanded to 9.3%, up 220 basis points year-over-year; record PPPT of $924 million (up ~9%); sequential commercial loan growth in the U.S. of ~4% point-to-point and core retail operating deposits up 4%.

Canadian P&C and TPS Strength

Canadian Personal & Commercial: core operating deposits up 7% (retail) and 8% (commercial) year-over-year; Canadian Commercial new client growth up 18% and loan growth up 2% year-over-year; Treasury & Payment Solutions (TPS) fees up ~12% and over 2,500 new business banking accounts added across Canada & U.S. year-to-date.

Strategic Innovation and Digital Initiatives

Launched AI and digital initiatives including 24/7 tokenized cash capability partnership (CME Group & Google Cloud) and the BMO Institute for AI and Quantum; ranked #1 in eMarketer's 2026 Canada Mobile Banking features benchmark for the third consecutive year.

Bank Of Montreal (DE:BZZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:BZZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 25, 2026	2026 (Q3)	2.30 / -	1.998	―	―	―
May 27, 2026	2026 (Q2)	2.13 / 2.27	1.62	40.08% (+0.65)
Feb 25, 2026	2026 (Q1)	1.98 / 2.15	1.88	14.47% (+0.27)
Dec 04, 2025	2025 (Q4)	1.88 / 2.03	1.175	72.63% (+0.85)
Aug 26, 2025	2025 (Q3)	1.84 / 2.00	1.633	22.35% (+0.36)
May 29, 2025	2025 (Q2)	1.57 / 1.62	1.602	1.16% (+0.02)
Feb 25, 2025	2025 (Q1)	1.49 / 1.88	1.583	18.75% (+0.30)
Dec 05, 2024	2024 (Q4)	1.48 / 1.18	1.738	-32.38% (-0.56)
Aug 27, 2024	2024 (Q3)	1.70 / 1.63	1.719	-5.04% (-0.09)
May 29, 2024	2024 (Q2)	1.71 / 1.60	1.812	-11.60% (-0.21)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:BZZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 27, 2026	€138.12	€138.42	+0.22%
Feb 25, 2026	€119.38	€118.73	-0.54%
Dec 04, 2025	€105.73	€105.09	-0.60%
Aug 26, 2025	€94.95	€98.08	+3.30%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.