Big Canadian banks, Bank of Montreal (BMO) and Scotiabank, made more money than expected last quarter! This is good news for their investors. They earned extra money from helping people invest and manage their wealth.
- BMO earned even more than what experts predicted.
- Scotiabank also did well, even after selling some of its businesses in other countries.
- Both banks are trying to grow their businesses in the US and other places.
| Bank | Adjusted Earnings per Share |
|---|---|
| Scotiabank | C$1.76 (more than expected!) |
| BMO | C$3.04 (much more than expected!) |
