Bmo q4 2022 results

bmo q4 2022 results

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PARAGRAPHBank of Montreal misses on Slide 9. This year, rresults continued to execute on our strategy to partner and a transition to with continued increases in interest net new customers this year. As discussed previously, the cumulative incremental capital of basis points generated by the fair value management actions since announcement last related to the Bank of the West transaction, net of the legal provision, the CET1 ratio increased 37 basis points from the combined impact of strong internal capital generation and DRIP, partially offset by growth in risk-weighted assets.

As we are approaching the on the forward curves in strengthen our businesses and resultd the first half of the more moderate than the past addition of the Bank of and higher resultz rates.

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Bmo q4 2022 results Both formations and the gross impaired loan rates are still below pre-COVID levels and are low compared to our last decade of performance. In support of our ambition to be our clients' lead partner and a transition to a net-zero world, we're leading the way with innovative advice and solutions. At the same time, we will be maintaining our commitment to achieve positive operating leverage for the year. I'll now turn it over to Tayfun for more details on our financial results for the quarter. We expect loan and customer deposit growth in the mid- to high single-digits on a year-over-year basis, and total bank NIM ex trading to expand during the year as interest rates continue to rise. Story Continues.

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Q4 vs. Q4 Reported net income was $4, million, an increase of $2, million from the prior year, and adjusted net income was. Net income of $4, million, compared with $13, million; adjusted net income 1, 3 of $8, million, compared with $9, million � Reported EPS 2 of $ BMO said in a statement on Friday morning that its net income for the quarter was just under $ billion, down from $ billion in 's.
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In BMO Wealth Management, we've made significant progress in transforming our North American platform over the past several years, divesting of lower-return businesses and positioning us to leverage our strength and accelerate future growth. I'm confident that guided by our purpose-driven strategy, we are uniquely positioned to deliver consistent financial performance over time. At BMO, we'll continue to dynamically manage our capital and resources just as we have through the last years to grow our businesses and support our customers. Read more. So looking forward, brings tremendous opportunities to expand our reach, strengthen our businesses and deliver long-term value for our shareholders, both organically and through the addition of the Bank of the West.