BMO first quarter results down from a year ago

BMO first quarter results down from a year ago

BMO first quarter results down from a year ago The Bank of Montreal announced its first quarter results today and revealed a net income of $1 billion, down 6 per cent from the same period last year. Adjusted net income was $1.041 billion, down 4 per cent on a year earlier; adjusted profit was $1.53, 10 cents lower than expectations. The effect of long-term low interest rates has affected the profits in its insurance business the bank said.