Bank of Montreal Posts Solid 2Q, Led by Capital Markets, Wealth -- Market Talk

Dow Jones05-27 22:06

1006 ET - It was a good quarter overall for Bank of Montreal, with most business lines exceeding expectations, says Scotiabank's Mike Rizanovic, who expects the shares to see some modest upside. Capital markets and wealth were the biggest drivers in 2Q as equities trading and assets under management growth remained robust, offsetting a touch of top-line weakness in Canadian personal and commercial banking, the analyst says. The U.S. segment had a positive quarter due mainly to lower expenses and sequential growth in commercial loans. Scotiabank has a C$209 target; shares last closed at C$223.64. (robb.stewart@wsj.com)

 

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May 27, 2026 10:06 ET (14:06 GMT)

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