Bank of Montreal on Wednesday reported a Q2 profit of
$1.25 billion.
The bank stated it hiked its quarterly dividend up three cents to 96 cents per share. The quarter also saw $192 million in after-tax restructuring charges, which were mostly due to severance costs.
Q2 profits amounted to $1.86 per share, up from $1.84 per share a year ago when it had more shares outstanding.
In earning $2.20 per share in Q2, this
beat market expectations, which were $2.12 per share, according to Thomson Reuters Eikon.