In the second quarter of the 2011, the total revenue was CAD$32bn, compared to CAD$3.05bn in the corresponding quarter of the last year.
Adjusted net income was CAD$804m for the second quarter of 2011, up CAD$52m or 6.9% from a year ago.
The group has said that it has recorded a solid revenue growth across each of the operating groups, except in BMO Capital Markets which had stronger trading revenues a year ago, and improved revenues in corporate services.
BMO Financial president and CEO Bill Downe said that earnings of CAD$800m in the quarter and strong year-to-date results in the operating groups have pushed BMO’s net income for the first six months of the year to almost CAD$1.6b.
"We continue to see the benefit from investments in customer experience contributing to top-line growth and customer loyalty. We are encouraged by the generally improving trend we are seeing with respect to loan losses and our rising return on equity, which reached 16.7% in the quarter on a very strong capital base," Downe said.
