Bank of Montreal (BMO) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the BMO Financial Group's Q2 2025 earnings release and conference call for May 28, 2025. Your host for today is Christine Viau. Please go ahead. Thank you and good morning. We will begin today's call with remarks from Darrell White, BMO CEO, followed by Typhoon Tuzun, our Chief Financial Officer, and Piyush Agrawal, our Chief Risk Officer. Also present to take questions this morning are Ernie Johansen, head of BMO North American Personal and Business Banking, Nadeem Herji, head of BMO Commercial Banking, Alan Tenenbaum, head of BMO Capital Markets, Dellen Kamenga, head of BMO Wealth Management, and Daryl Hackett, BMO U.S. CEO. I would ask you to limit to one question during the Q&A to give everyone a chance to participate. As noted on slide two, forward-looking statements may be made during this call, which involve assumptions that have inherent risks and uncertainties. Actual results could differ materially from these statements. I would also remind listeners that the bank uses non-GAAP financial measures to arrive at adjusted results. Management measures performance on a reported and adjusted basis and considers both useful in assessing underlying business performance. Darrell and Typhoon will be referring to adjusted results in their remarks unless otherwise noted as reported. And I will now turn the call over to Darrell. Thank you, Christina, and good morning, everyone. Today we delivered another good quarter supporting year-to-date momentum in across key performance metrics. We had good revenue and PPPT growth with strength in each of our diversified businesses. We're actively managing for risks and uncertainties in the current environment and executing against a consistent strategy to deliver continued positive operating leverage and...