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Company | Revenue | |
---|---|---|
No data for previous quarter available yet. |
Income Statement (CAD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 19.5B | 154.9% |
Gross Profit | 19.5B | 3.5% |
Operating expense | 953M | 33.3% |
Net Income | 1.86B | 44.3% |
EBITDA | 2.38B | 326.1% |
Balance Sheet (CAD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 1,374B | 3.7% |
Total Liabilities | 1,294B | 3.8% |
Total Equity | 79.5B | 3% |
Shares Outstanding | 729M | 0.6% |
Cash Flow (CAD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 10.9B | 50.2% |
Cash from financing | 18.2B | 4.8% |
Financial Highlights for Bank of Montreal in Q2 '24
Bank of Montreal reported a revenue of 19.5B, which is a 154.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 19.5B, marking a 3.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Operating Expenses for this period were 953M, showing a -33.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.86B, showing a 44.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 2.38B, showing a 326.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Bank of Montreal with growth in revenue, gross profit, and net income.