=Bank of Montreal (BMO) reported earnings on Tue 29 Aug 2017 (b/o)

Bank of Montreal beats by CC$0.03, misses on revs

• Reports Q3 (Jul) earnings of CC$2.03 per share, excluding non-recurring items, CC$0.03 better than the Capital IQ Consensus of CC$2.00; revenues fell 3.1% year/year to CC$5.46 bln vs the CC$5.52 bln Capital IQ Consensus.
• Return on tangible common equity (ROTCE) was 16.5% compared with 16.3% in the prior year, and adjusted ROTCE was 16.0% compared with 16.6%.
• BMO's Common Equity Tier 1 (CET1) Ratio was 11.2% at July 31, 2017. The CET1 Ratio decreased from 11.3% at the end of the second quarter due largely to business growth and share repurchases during the quarter, partially offset by retained earnings growth.