Total revenue was C$3.34bn for the first quarter of 2011, compared to C$3.02bn for the corresponding quarter of 2010.
Personal & commercial (P&C) banking Canada reported a net income of C$444m for the first quarter of 2011, compared to C$403m for the same quarter of last year.
The private client group reported a net income of C$153m for the first quarter of 2011, compared to C$111m for the first quarter of 2010.
BMO Financial Group president and CEO Bill Downe said that P&C Canada continues to show good momentum, generating strong revenue growth in the personal and commercial businesses, driven by volume growth across most products and improved net interest margin.
"During the quarter, we announced signing an agreement to acquire Milwaukee-based Marshall & Ilsley Corporation (M&I), transforming BMO’s US businesses by increasing scale and providing an entry point into attractive new markets.
