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BMO Financial Group’s Earnings Surge in Q2 2024

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has released an update.

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BMO Financial Group has reported a significant increase in net income to $1,866 million in Q2 2024, up from $1,029 million in the previous year, with earnings per share (EPS) rising to $2.36 from $1.26. The company highlighted strong earnings growth, particularly in Canadian personal and commercial banking, as well as in Capital Markets and wealth businesses, despite a challenging economic environment marked by high interest rates. Additionally, BMO announced an increased quarterly dividend of $1.55 per share, marking a growth of 5% from the previous year.

For further insights into BULZ stock, check out TipRanks’ Stock Analysis page.

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