No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, October 24, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Money

Stock news for investors: Big banks see third-quarter profit growth

by TheAdviserMagazine
2 months ago
in Money
Reading Time: 3 mins read
A A
Stock news for investors: Big banks see third-quarter profit growth
Share on FacebookShare on TwitterShare on LInkedIn


The bank says it earned a net income of $2.33 billion or $3.14 per diluted share for the quarter which ended July 31. The result for the quarter compared with a profit of $1.87 billion or $2.48 per diluted share in the same quarter last year.

Revenue for the quarter totalled $8.99 billion in the quarter, up from $8.19 billion a year earlier.

BMO’s provision for credit losses amounted to $797 million for the quarter, compared with $906 million a year earlier.

On an adjusted basis, BMO says it earned $3.23 per diluted share in its latest quarter, up from an adjusted profit of $2.64 a year earlier.

The average analyst estimate had been for earnings of $2.95 per share, according to LSEG Data & Analytics.

“BMO delivered another quarter of strong earnings growth, with solid revenue performance and good expense management,” BMO chief executive Darryl White said in a statement.

“We continue to invest to drive sustainable growth across our businesses, including our recently announced acquisition of Burgundy Asset Management Ltd., adding talent and advancing digital and AI capabilities to deliver a differentiated client experience.”

The bank said its Canadian personal and commercial banking business earned $867 million in its latest quarter, down from $914 million a year ago, as higher revenue was more than offset by higher expenses and a higher provision for credit losses for the quarter.

Article Continues Below Advertisement

Outstream Volume Icon

Skip Ad

X

In the U.S., BMO said its personal and commercial banking business earned $709 million, up from $470 million in the same quarter last year. 

The bank said its wealth management business earned $436 million, up from $362 million a year ago, while BMO’s capital markets business earned $438 million, up from $389 million in the same quarter last year.

BMO’s corporate services group reported a net loss of $120 million, compared with reported net loss of $270 million a year earlier.

Return to menu

Scotiabank reports $2.53B third-quarter net income, up from $1.91B a year ago

Bank of Nova Scotia (TSX:BNS)

Numbers for its second quarter of 2025 (all figures in USD).

Profit: $2.53 billion (up from $1.91 billion a year earlier)

Revenue: $9.49 billion (up from $8.36 billion from the same quarter last year)

Source: Google

The Bank of Nova Scotia reported a third-quarter profit of $2.53 billion, up from $1.91 billion a year ago.

The bank says the profit amounted to $1.84 per diluted share for the quarter ended July 31, up from $1.41 per diluted share in the same period a year ago. 

Revenue totalled $9.49 billion for the quarter, up from $8.36 billion in the same quarter last year.

Scotiabank’s provision for credit losses for the quarter amounted to $1.04 billion, down from $1.05 billion a year earlier.



Source link

Tags: banksbiggrowthinvestorsNewsprofitstockthirdquarter
ShareTweetShare
Previous Post

Canada rejects nearly two in three study permit applicants 

Next Post

When AI goes wrong in wealth management

Related Posts

edit post
The Grim Reality of Working in These 10 Professions

The Grim Reality of Working in These 10 Professions

by TheAdviserMagazine
October 24, 2025
0

Image Source: Shutterstock.comAre you stuck in a dead-end job? Do you feel like you have no room for growth, no...

edit post
How Men and Women Perceive Fairness in the Workplace As Parents

How Men and Women Perceive Fairness in the Workplace As Parents

by TheAdviserMagazine
October 24, 2025
0

oliveromg / Shutterstock.comFor many working parents, the idea of “balance” feels out of reach. Mothers report higher standards at work,...

edit post
Polyamory’s Secret Money Traps: How Multiple Partners Could Cost You Thousands (And How to Avoid Them)

Polyamory’s Secret Money Traps: How Multiple Partners Could Cost You Thousands (And How to Avoid Them)

by TheAdviserMagazine
October 23, 2025
0

Image source: Shutterstock. Love triangle on a couch, not thinking about money. Reporting on the subject of alternative relationships suggests...

edit post
Who you gonna trust: Barry Ritholtz or Jim Cramer?

Who you gonna trust: Barry Ritholtz or Jim Cramer?

by TheAdviserMagazine
October 23, 2025
0

The first can be regarded by retirees and those on the cusp of retirement as a must read: William Bengen’s A...

edit post
Retired and Lost: 12 Things Retirees Can Do to Ease Loneliness and Cut Real Health Risks

Retired and Lost: 12 Things Retirees Can Do to Ease Loneliness and Cut Real Health Risks

by TheAdviserMagazine
October 23, 2025
0

Image Source: Shutterstock Retirement promises freedom, but many older adults are surprised by the quiet that follows. Without daily work...

edit post
WEP/GPO Repealed—Now What? 6 Steps for Teachers, Firefighters, and Public Workers to Recheck Benefits in 2025

WEP/GPO Repealed—Now What? 6 Steps for Teachers, Firefighters, and Public Workers to Recheck Benefits in 2025

by TheAdviserMagazine
October 23, 2025
0

Image Source: ShutterstockFor decades, the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) reduced or eliminated Social Security benefits...

Next Post
edit post
When AI goes wrong in wealth management

When AI goes wrong in wealth management

edit post
Croissance Ou Crise Budgétaire ? Soyez Prêt​s​​ ​À Affronter Les Deux En 2026

Croissance Ou Crise Budgétaire ? Soyez Prêt​s​​ ​À Affronter Les Deux En 2026

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Listen: Amid Shutdown Stalemate, Families Brace for SNAP Cuts and Paycheck Limbo

Listen: Amid Shutdown Stalemate, Families Brace for SNAP Cuts and Paycheck Limbo

0
edit post
 Billion Carrier Signals Trump’s All-Out Attack

$20 Billion Carrier Signals Trump’s All-Out Attack

0
edit post
Market Talk – October 24, 2025

Market Talk – October 24, 2025

0
edit post
Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

0
edit post
Earnings Summary: Highlights of Freeport-McMoRan’s (FCX) Q3 2025 report

Earnings Summary: Highlights of Freeport-McMoRan’s (FCX) Q3 2025 report

0
edit post
Trump taps Michael Selig to lead CFTC: Bloomberg

Trump taps Michael Selig to lead CFTC: Bloomberg

0
edit post
Market Talk – October 24, 2025

Market Talk – October 24, 2025

October 24, 2025
edit post
Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks

October 24, 2025
edit post
Trump taps Michael Selig to lead CFTC: Bloomberg

Trump taps Michael Selig to lead CFTC: Bloomberg

October 24, 2025
edit post
 Billion Carrier Signals Trump’s All-Out Attack

$20 Billion Carrier Signals Trump’s All-Out Attack

October 24, 2025
edit post
Robinhood Markets (HOOD): Fintech-Pionier vor Fortsetzung der Mega-Rallye!

Robinhood Markets (HOOD): Fintech-Pionier vor Fortsetzung der Mega-Rallye!

October 24, 2025
edit post
The Grim Reality of Working in These 10 Professions

The Grim Reality of Working in These 10 Professions

October 24, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Market Talk – October 24, 2025
  • Ontario quickly caves to Trump and promises to pull the offending Reagan ad that killed Canada trade talks
  • Trump taps Michael Selig to lead CFTC: Bloomberg
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.