TORONTO – BMO Financial Group reported a third-quarter profit of $1.75 billion, down from $2.33 billion a year earlier, as it took a charge related to the sale of its transportation and vendor finance businesses.
The bank says the profit amounted to $2.38 per diluted share for the quarter which ended July 31, down from a profit of $3.14 in the same quarter last year.
On an adjusted basis, BMO says it earned $3.96 per diluted share in its latest quarter, up from an adjusted profit of $3.23 per diluted share a year ago.
Revenue for the quarter totalled $9.90 billion, up from $8.99 billion a year earlier.
BMO’s provision for credit losses amounted to $722 million, down from $797 a year ago.
Analysts on average had expected an adjusted profit of $3.76 per share and revenue of $9.75 billion, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Aug. 25, 2026.
Companies in this story: (TSX:BMO)
