BMO Q2 2006 Earnings

TD Newcrest, 25 May 2006EventBMO reported core EPS of $1.16, after adjusting reported cash EPS of $1.25 for a significantly lower Q2/06 tax rate (23.5% versus a more normalized level of 30.0%). This result was below our estimate of $1.19 and consensus of $1.21, and down from $1.24 in Q1/06, but up from $1.09 a year ago. The quarterly dividend was increased 17% to $0.62 per share, and the payout