BMO Adjusted Q4 2022 Results Flat: Revenue Growth Offset by Provisioning and Higher Costs
The Bank of Montreal reported Q4 2022 net income of $4.5 billion, a 228.4% quarter over quarter increase, reflecting higher revenue from fair value management actions related to the announced acquisition of Bank of the West, partly offset by a legal provision related to a lawsuit associated with M&I Marshall and Ilsley Bank.
Bank of Montreal is a financial services organization. Co. provides a range of retail banking, wealth management and investment banking products and services. Co. serves its clients through three operating groups: Personal and Commercial Banking, which provides financial services to personal and commercial customers; Private Client Group, which provides wealth management products and services to individuals and select institutional segments; and BMO Capital Markets, which provides clients financial and capital markets services to corporate, institutional and government clients.
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