Bank of Montreal (BMO) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the BMO Financial Group's Q3 2026 earnings release and conference call for August 25th, 2026. Your host for today is Christine Viau. Please go ahead. Thank you. Good morning, everyone. We will begin today with remarks from Darryl White, BMO CEO, followed by Rahul Nagarkar, our Chief Financial Officer, and Piyush Agrawal, our Chief Risk Officer. Also present 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 Tannenbaum, BMO Capital Markets, Dellen Kamenga, Wealth Management, and Darryl Hackett, BMO U.S. CEO. A reminder that our call will end at 8.15 this morning. 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. Darryl and Rahul will be referring to adjusted results in their remarks unless otherwise noted as reported. With that, I'll turn the call over to Darryl. Thank you, Christine, and good morning, everyone. This morning, we reported another quarter of strong operating performance with EPS of $3.96. up 22% year over year and pre-provisioned pre-tax earnings of 4.5 billion up 13%. These results reflect our ongoing focused execution on the strategy we outlined at our investor day in March to elevate returns and accelerate growth. Every business segment delivered record pre-provisioned pre-tax earnings with s...