06:20 AM EDT, 05/29/2024 (MT Newswires) -- Bank of Montreal ( NRGD ) reported fiscal Q2 adjusted earnings Wednesday of 2.59 Canadian dollars ($1.89) per diluted share, down from CA$2.89 a year earlier.

Analysts polled by Capital IQ expected CA$2.77.

Revenue for the quarter ended April 30, expressed as the sum of net interest income and total noninterest income, was CA$7.97 billion, compared with CA$7.79 billion a year earlier.

Analysts surveyed by Capital IQ expected CA$8.06 billion.

The company increased its quarterly dividend by 3% to CA$1.55 per common share, payable on Aug. 27 to shareholders of record on July 30.

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