​BMO profit misses target but dividend is higher

​BMO profit misses target but dividend is higher

​BMO profit misses target but dividend is higher Bank of Montreal investors are receiving dividends 2 per cent higher than that of quarter two despite profits being weaker than expected. The bank’s main operations in Canada has been strong but the capital markets and wealth management businesses have made losses. Revenue for the 3 months to the end of October was $4.34 billion; up from $4.14 billion a year earlier. Net income works out at $1.63 per share; analysts were expecting $1.68.