The Aporia · BMO reports Q3 profit down from year ago on one-time charge, adjusted profit up

BMO reports Q3 profit down from year ago on one-time charge, adjusted profit up

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The Canadian Press. (2026, August 25). BMO reports Q3 profit down from year ago on one-time charge, adjusted profit up. Toronto Star. https://www.thestar.com/business/bmo-reports-q3-profit-down-from-year-ago-on-one-time-charge-adjusted-profit-up/article_fc339717-2694-5a35-ae1d-64f2113308ed.html

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BMO Financial Group reported its third-quarter results with a profit of $1.75 billion, which is a decrease from the $2.33 billion it earned during the same period last year. The bank's adjusted profit was up, but this article focuses on the overall decline in profit due to a one-time charge related to business sales. The charge led to a drop in diluted earnings per share to $2.38 from $3.14 last year. The quarterly results ended July 31.

Written by AI on 2026-08-25, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

BMO Financial Group, based in Toronto, reported a third-quarter profit of $1.75 billion, down from $2.33 billion a year earlier. The decrease is due to a one-time charge related to the sale of its transportation and vendor finance businesses. Despite this, the bank's adjusted profit was higher than in the same quarter last year. BMO's profit for the quarter ended on July 31, and it earned $2.38 per diluted share. This is down from a profit of $3.14 in the same quarter last year.

Written for “Bank of Montreal Earnings” on 2026-10-30, grounded in this article and the 0 other(s) covering the same event.

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The Canadian Press

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Claims (2 extracted, 0 hedged)

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. asserted

it → report → 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. asserted

which → say → quarter

BMO reports Q3 profit down from year ago on one-time charge, adjusted profit up

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