No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 2, 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
1 month 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
Why Do The Most Successful People Sleep So Much?

Why Do The Most Successful People Sleep So Much?

by TheAdviserMagazine
October 1, 2025
0

According to researchers from the University of Illinois, the more sleep a person gets, the more optimistic they are about...

edit post
Government Shutdown and Seniors: What You Need to Know About Social Security and Healthcare

Government Shutdown and Seniors: What You Need to Know About Social Security and Healthcare

by TheAdviserMagazine
October 1, 2025
0

Image Source: Unsplash Congress has hit another deadlock. Democrats and Republicans failed to pass a stopgap funding bill, pushing the...

edit post
Major Hotel Brands Seniors Should Skip — Even With Discounts

Major Hotel Brands Seniors Should Skip — Even With Discounts

by TheAdviserMagazine
October 1, 2025
0

Image Source: 123rf.com Senior discounts sound appealing, but not all hotel chains deliver real value for older travelers. Hidden fees,...

edit post
The First Few Weeks Without a Pension Check — And The Hidden Ripple Effect

The First Few Weeks Without a Pension Check — And The Hidden Ripple Effect

by TheAdviserMagazine
October 1, 2025
0

Image Source: 123rf.com When the pension stops, the silence is louder than you expect. After years of dependable deposits, retirees...

edit post
Taxes halved their inheritance. Could anything be done?

Taxes halved their inheritance. Could anything be done?

by TheAdviserMagazine
October 1, 2025
0

It is a story about two young adults outraged by the amount of wealth lost to taxes—$659,000—when their parents, in...

edit post
How to build confidence in your financial life

How to build confidence in your financial life

by TheAdviserMagazine
October 1, 2025
0

A few weeks ago, I received a press release from TD Bank. The headline read: “76% of newcomers fear making...

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
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
2026 Tax Calculator | One Big Beautiful Bill Tax Calculator

2026 Tax Calculator | One Big Beautiful Bill Tax Calculator

0
edit post
Tokenized Money Market Funds Emerge, Piloted by Industry Big Whigs

Tokenized Money Market Funds Emerge, Piloted by Industry Big Whigs

0
edit post
Ten Grocery Items You Can Get for Less than  shipped!

Ten Grocery Items You Can Get for Less than $2 shipped!

0
edit post
Dublin biotech Aerska launches with €17.8M Seed round to tackle Alzheimer’s and Parkinson’s 

Dublin biotech Aerska launches with €17.8M Seed round to tackle Alzheimer’s and Parkinson’s 

0
edit post
Export Software

Export Software

0
edit post
Quad-A gets record attendance, despite DEI pushback

Quad-A gets record attendance, despite DEI pushback

0
edit post
Investing Lessons From Video Game Economies: What Fortnite and Roblox Can Teach You About Money

Investing Lessons From Video Game Economies: What Fortnite and Roblox Can Teach You About Money

October 1, 2025
edit post
Pi Network arms its testnet with a DEX and AMM for DeFi innovation

Pi Network arms its testnet with a DEX and AMM for DeFi innovation

October 1, 2025
edit post
Investor Purchases Surge Despite Mortgage Rates—What’s Driving It?

Investor Purchases Surge Despite Mortgage Rates—What’s Driving It?

October 1, 2025
edit post
Judge nixes ex-Well Fargo broker’s tax write-off claim

Judge nixes ex-Well Fargo broker’s tax write-off claim

October 1, 2025
edit post
Why Do The Most Successful People Sleep So Much?

Why Do The Most Successful People Sleep So Much?

October 1, 2025
edit post
DEPIN Project Spacecoin Executes First Blockchain Transaction in Low Earth Orbit

DEPIN Project Spacecoin Executes First Blockchain Transaction in Low Earth Orbit

October 1, 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

  • Investing Lessons From Video Game Economies: What Fortnite and Roblox Can Teach You About Money
  • Pi Network arms its testnet with a DEX and AMM for DeFi innovation
  • Investor Purchases Surge Despite Mortgage Rates—What’s Driving It?
  • 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.