BMO Financial Group Reports Q3 2026 Results, Announces Share Repurchase Plan

AI-generated NewsSnap summary based on source reporting.
Published: 2026-08-25
Category: business
Source: CNW

BMO Financial Group (TSX:BMO) (NYSE:BMO) reported net income of $1,750 million for the third quarter ended July 31, 2026, a 25% decrease year-over-year, while adjusted net income increased by 19% to $2,859 million. The bank also announced its intention to establish a new Normal Course Issuer Bid (NCIB) for up to 25 million common shares, subject to regulatory approvals.

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