The Finance Owl

Banks – Loans – Mortgages – Money

Bank of Montreal Declares Strong Results and Dividend

Posted by theaccountant November - 25 - 2009 - Wednesday

Bank of Montreal appears to have experienced strong fourth quarter results. The Canadian bank, which sells such products as Bank of Montreal personal loans and Bank of Montreal mortgages, is yet another Canadian bank to appear to be weathering the global economic recession better than many of the United States and European banks. This contrasts strongly with recent press reports about the large sums of money the Bank of England lent to RBS and HBOS last year.

The Bank of Montreal financial results appear to have been driven by both the commercial and consumer sides of the banking business.  This strong performance and results announcement has tied in with a dividend announcement for th bank. The Bank of Montreal has announced that a dividend will be paid to the bank’s investors.

Downe, the Bank of Montreal’s President and Chief Executive Officer, has been speaking to the press explaining the bank’s focus on great customer experience is rooted in customer choice. Whatever the boss says, the investors will probably be pretty pleased with the apparent strength of the performance.

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