The bank said that the acquisition of Marshall & Ilsley, now part of its US-based Harris Bank unit, contributed C$171m to earnings.

The total revenue for the second quarter of 2012 amounted to C$3.96bn, compared to C$3.33bn for the same period prior year.

Canadian personal and commercial banking operations net income rose 7.8% to $446m for the quarter, compared to $414m for the same period last year.

The US personal and commercial banking operations’ net income increased to $122m for the quarter, compared to $54m a year earlier.

BMO Capital Markets segment’s net income decreased to $225m for the quarter, compared to $229m for the same period a year ago.

Profit at the company’s wealth management arm, Private Client Group, rose 59% to $145m.