Bank of Montreal (BMO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to BMO Financial Group's Q2 2026 earnings release and conference call for May 27th, 2026. Your host for today is Christine Viau. Please go ahead. Thank you, and good morning, everyone. We will begin today with remarks from Daryl White, BMO CEO, followed by Rahul Nagarkar, our Chief Financial Officer, and Piyush Agrawal, our Chief Risk Officer. Also present today to answer questions are our group heads, Matt Marotra, Canadian Personal and Business Banking, Sharon Hayward-Laird, Canadian Commercial Banking, Aaron Levine, U.S. Banking, Alan Tunnenbaum, BMO Capital Markets, Dellen Kamenga from BMO Wealth Management, and Daryl Hackett, BMO U.S. CEO. 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 to be useful in assessing underlying business performance. Daryl and Rahul will be referring to adjusted results in their remarks unless otherwise noted as reported. And with that, I will now turn the call over to Daryl. Thank you, Christine, and good morning, everyone. At our March Investor Day, we laid out a clear execution-focused plan to elevate returns and accelerate growth. Our second quarter results continued to demonstrate meaningful progress and momentum against these commitments. We once again strengthened return on equity and delivered strong EPS growth, driven by our focus on deepening client relationships, innovating to drive business value, and optimizing for performance. Adjusted EPS was $3...