Bank of Montreal Q1 2026 Earnings Recap

BMO Financial Group reported a strong Q1 2026, with a 15% year-over-year increase in adjusted EPS to $3.48, driven by record revenues across all operating segments despite the impact of a severance charge.

Key Takeaways

• Record pre-provision pretax earnings of $4.1 billion, bolstered by robust revenue growth in Canadian P&C and U.S. Banking.
• Underlying ROE improved to 13.1%, up 180 basis points year-over-year, reflecting strong operational performance.
• Canadian Commercial Banking revenue rose 10%, with a notable increase in operating deposits and treasury fees.
• Successful integration of Burgundy Asset Management contributed to a 16% increase in Wealth Management earnings.
• Capital Markets achieved PPPT of $893 million, benefiting from increased trading activity and advisory fees, maintaining a leadership position in various sectors.