BMO Financial Group Reports a Q2 Earnings of $1.9 Billion, Accompanied by Higher Revenue
BMO Financial Group Boasts Q2 Profit Boost and Revenue Growth
TORONTO — BMO Financial Group has reported a significant surge in profits and revenue during the second quarter of 2025, according to the bank's latest quarterly results.
The bank's net income for the quarter ended April 30 rose to $1.9 billion, a notable increase from the $1.8 billion recorded during the same period last year. Earnings per share (EPS) also saw a bump, climbing to $2.50, compared to $2.36 in the previous year.
Revenue for the quarter soared to $8.67 billion, marking a substantial rise from the $7.97 billion reported in the corresponding quarter of 2024.
BMO's provision for credit losses reached $1.05 billion during the latest quarter, an uptick from the $705 million reported in the same quarter the previous year.
On an adjusted basis, the bank posted earnings of $2.62 per share, an improvement from the adjusted profit of $2.59 per share recorded in the same quarter in 2024. This figure slightly surpassed the average analyst expectation of $2.53 per share, as per LSEG Data & Analytics.
The strong performance was primarily driven by robust client activity and trading in Global Markets, where revenue climbed by 14%. This upswing was mainly credited to brisk client flows and a strong performance in commodities trading.
While Investment and Corporate Banking revenues dipped by 4%, higher advisory fees and corporate banking revenue managed to partially offset a decline due to increased markdowns on fair value loans and lower net gains on investments.
Total provision for credit losses remained moderate at $101 million in Q2, demonstrating controlled credit risk.
The overall financial results also benefited from a stronger U.S. dollar, which positively impacted reported revenue and expenses. Adjusting items decreased net income by $84 million during the quarter, with this reduction proving less impactful compared to prior periods, thereby supporting higher adjusted earnings.
In summary, BMO Financial Group's increased profit and revenue in Q2 2025 were primarily attributable to strong client activity and trading in Global Markets, controlled credit risk, and a favorable currency effect, despite some noticeable softness in Investment and Corporate Banking.
This report was first published by The Canadian Press on May 28, 2025.
Companies Mentioned: (TSX:BMO)
Toronto's BMO Financial Group, notable in the finance and business sector, witnessed a boost in profits and revenue during Q2 2025, largely due to robust client activity and strong trading in Global Markets. Despite a 4% decrease in Investment and Corporate Banking revenues, the bank's significant Q2 earnings of $2.62 per share show promise for potential investing opportunities in the company.
