Revenue totalled $9.65 billion, up from $9.37 billion.Scotiabank says its provision for credit losses was $1.18 billion for the quarter, up from $1.16 billion a year earlier.On an adjusted basis, Scotiabank says it earned $2.05 per diluted share in its latest quarter, up from $1.76 a year earlier.The average analyst estimate had been for an adjusted profit of $1.95 per share, according to LSEG Data & Analytics.Source Google  EQB reports lower first quarter adjusted net income of $85.2M, raises dividendEQB ( ...

Core Points - BMO Investments Inc. announced a special cash distribution for unitholders of the Active ETF Series units of the BMO Global Health Care Fund, with a distribution amount of $1.15811 per unit [1][2] - The cash distribution will be paid on December 30, 2025, to investors who held units at the close of business on October 1, 2025 [1] - The tax characteristics of this distribution will be reported in 2026 [1] Company Overview - BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.5 trillion as of October 31, 2025 [7] - The company serves approximately 13 million clients across Canada, the United States, and select global markets, providing a wide range of banking and financial services [7] - BMO is committed to driving positive change and making progress towards a sustainable future and stronger communities [7]

Key Points - Michelle Connolly has joined Q Wealth Partners as head of advanced wealth planning, leaving Raymond James Ltd. after one year in a similar role [3] - Steve Reimer has joined Raymond James Ltd. as a senior portfolio manager and investment advisor, previously with Richardson Wealth for over 20 years [3] - Mike Pedersen has been appointed to the board of EQB Inc. and will take over as chair in April 2026, bringing over three decades of leadership experience in financial services [3] - Caroline Dufaux has been named chief financial officer of BMO U.S., succeeding Rahul Nalgirkar, who will become CFO of BMO Financial Group in January [3] - Kaitlyn Lawson has been promoted to head of practice management at CI Global Asset Management, previously serving as director of advisor development [3] - J.P. Lavoie has been named senior vice-president at Wellington-Altus, having joined the firm in 2018 [3] - Nicolas Ospina has joined VersaBank as global chief financial officer, a new role, after over a decade with Raymond James [3] - John Asma has been promoted to executive vice-president responsible for Canadian digital banking operations and strategy at VersaBank [3]

Financial Data and Key Metrics Changes - Adjusted EPS for Q4 2025 was $3.28, up from $1.90 last year, with full-year EPS growth of 26% and record net income of $9.2 billion [5][18] - Return on equity (ROE) increased by 150 basis points from 9.8% to 11.3%, exiting Q4 at 11.8% [5][18] - Total provisions for credit losses (PCL) decreased by $768 million from the prior year, with impaired provisions moderating to 44 basis points this quarter [6][19][32] Business Line Data and Key Metrics Changes - Wealth Management saw net income up 28% year-over-year, driven by strong revenue performance and higher brokerage transactions [27] - Canadian P&C net income increased by 5% year-over-year, with revenue of $3.1 billion, reflecting higher net interest income and non-interest revenue growth [25] - U.S. banking net income rose to $627 million from $262 million a year ago, with good PPPT growth of 8% and positive operating leverage of 3.6% [26] Market Data and Key Metrics Changes - Canadian unemployment rate is expected to remain above 7% through mid-next year, impacting consumer credit [16] - U.S. GDP growth is projected at 1.8%, while Canadian GDP growth is expected at 1.4% [16][30] - Customer deposits increased by 1% year-over-year, with growth in Canadian everyday banking and commercial operating balances [19] Company Strategy and Development Direction - The company is focused on rebuilding ROE and achieving profitable earnings growth, with a clear strategy to optimize capital position and enhance digital capabilities [5][8] - A digital-first AI-powered strategy is being implemented to reshape operations and improve client service [8][9] - Plans to add 150 new branches over the next five years, particularly in California, to strengthen market presence [15] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the economic environment, noting challenges such as trade uncertainty and rising unemployment [16][35] - The company anticipates continued market share gains despite a muted macroeconomic environment, with expectations for loan growth to strengthen in the U.S. by mid-2026 [30] - Management remains focused on achieving ROE targets and delivering earnings growth, with a commitment to disciplined capital deployment [31][78] Other Important Information - The company returned over $8 billion in capital to shareholders through buybacks and dividends, with a recent dividend increase of 5% [8] - The CET1 ratio stands at 13.3%, above the management target of 12.5% [24] - The company is actively optimizing its capital position and has identified further efficiencies to improve its structural expense base [23] Q&A Session Summary Question: Regarding ROE targets and timeline for achieving 15% - Management confirmed that the 15% ROE target remains and is considered a medium-term goal, with hopes to achieve it in the early part of the three to five-year range [38] Question: Comfort level with CET1 ratio and capital management - Management reiterated that a CET1 ratio of 12.5% is a sound approach, and they are comfortable with their capital management strategy [41] Question: Commercial loan growth outlook and economic impact - Management noted general optimism among clients in the U.S., with expectations for loan growth to pick up as the economy improves [46] Question: Canadian credit card book performance and delinquency rates - Management acknowledged rising delinquency rates in the Canadian credit card book, attributing it to macroeconomic conditions affecting lower-end consumers [55][56] Question: Potential for M&A in U.S. banking - Management emphasized that any M&A activity would need to align with ROE improvement goals, and organic growth remains the top priority [61][78]

Core Insights - MGIC Investment Corporation has elected Martin P. Klein and Daniela A. O'Leary-Gill to its Board of Directors, enhancing its governance and strategic oversight [1][2][3] Group 1: Board Appointments - Martin P. Klein will serve on the Risk Management and Securities Investment Committees, while Daniela A. O'Leary-Gill will be part of the Audit and Business Transformation and Technology Committees [1] - Klein has extensive experience, having served as Executive Vice President and CFO at Athene Holdings and Genworth Financial, and currently holds a position at Apollo Global Management [2] - O'Leary-Gill has over 25 years of leadership experience in finance and strategy, previously serving as COO for BMO U.S. and on the Board of Discover Financial Services [3] Group 2: Company Overview - MGIC Investment Corporation, through its subsidiary MGIC, provides private mortgage insurance to facilitate affordable low-down-payment mortgages, aiding families in achieving homeownership [3]

Core Viewpoint - The article discusses the significant impact of tariff policies on the global financial market, particularly focusing on the U.S. technology sector and the broader economic outlook amid ongoing uncertainties [2][11]. Group 1: Tariff Policies and Market Reactions - The Trump administration's decision to exempt certain consumer electronics and key components from tariffs is seen as a major relief for the U.S. technology sector, preventing a potential collapse [3][4]. - The S&P 500 index experienced a notable increase of 5.7% this week, marking its best weekly performance in November 2023, with the Nasdaq rising by 7.29% [5]. - The volatility in the market is expected to continue due to uncertainties surrounding tariff policies and the recent sell-off in U.S. Treasury bonds [6][11]. Group 2: Economic Forecasts and Predictions - Analysts predict a significant slowdown in U.S. economic growth, with forecasts for GDP growth in 2025 ranging from 0.1% to 0.6% and unemployment rates potentially rising to nearly 5% next year [11][12]. - The consumer confidence index dropped sharply from 57.0 in March to 50.8 in April, indicating deteriorating consumer sentiment amid rising inflation expectations [9]. - High inflation and deteriorating financial conditions may prompt the European Central Bank to lower interest rates multiple times throughout the year [10]. Group 3: Upcoming Financial Reports and Events - Major tech companies, including ASML and TSMC, are set to release their quarterly earnings next week, which could further influence market sentiment [4]. - Federal Reserve Chairman Jerome Powell is scheduled to speak next week, with expectations that he will address the impacts of tariff policies and recent market volatility [9].

Core Points - BMO has filed its 2025 Notice of Annual Meeting of Shareholders and Management Proxy Circular with securities regulators, with the annual meeting scheduled for April 11, 2025 [1][2] - The 2024 Sustainability and Climate Reporting will be released on March 12, 2025, providing disclosures on sustainability topics and Public Accountability Statements [5][6] Company Information - BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.5 trillion as of January 31, 2025, serving 13 million customers across Canada, the United States, and select global markets [7] - The company has a commitment to driving positive change in the world, focusing on a thriving economy, sustainable future, and inclusive society [7] Meeting Participation - Shareholders are encouraged to vote by proxy early to ensure representation, with options to join the meeting via live webcast, in person, or by teleconference [4]