Despite all the end-of-the-world "noise" that has been permeating the news lately, with many people saying that banks will do absolutely terrible, there was a bit of a bright spot in some earnings that no one has really seemed to notice.
They reported yesterday, and here is the link to it.
Hopefully for all us markets people this translates into at least meager FT hiring.
BMO Capital Markets Net income for the quarter was $279 million, an increase of $149 million from a year ago. Return on equity was 25.5%, compared with 11.8% a year ago. Revenue was $837 million, up $158 million or 23% from the prior year.
Trading revenues have increased significantly, as the trading environment has improved from the challenging conditions of a year ago.
Mergers and acquisitions revenues have also shown strong growth over the previous year. Results also benefited from a recovery of prior periods’ income taxes. BMO Capital Markets strategy remains focused on its core clients and businesses and remains on track to successfully deliver profitable growth over time.
28% increase in revenue over Q3 2010....
http://www2.BMO.com/news/article/0,1083,contentCode-12105_divId-4_langId-1_navCode-112,00.html
http://www2.BMO.com/BMO/files/news%20release/4/1/Q32011mdaEN.pdf
Page 25
Trying to find a rose in the seemingly never-ending thorny vines
Aren't they from Canada?
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