Bank of Montreal's Capital Markets, Wealth Management Units Shine in F3Q -- Market Talk

0803 ET - Bank of Montreal handily beat adjusted earnings expectations in F3Q thanks to strong performances in equity trading and wealth management. TD Cowen analyst Mario Mendonca says in a report that BMO's adjusted EPS of C$3.96 topped his estimate of C$3.73 and the Wall Street consensus of C$3.77. All segments reported growth, Mendonca says, while the bank also had lower-than expected credit loss provisions of C$722 million versus TD's estimate of C$755 million. Strong equity trading volumes helped prop up the capital markets and wealth management units, Mendonca says.(adriano.marchese@wsj.com)

(END) Dow Jones Newswires

August 25, 2026 08:03 ET (12:03 GMT)