Choose how you would like to view our summary financial data.
|For the year ended October 31 (Canadian $ in millions, except as noted)||2010||2009||2008|
|1 This is a non-GAAP measure. Please see the Non-GAAP Measures (PDF, 45 KB) section of the MD&A.|
|Total provision for credit losses||1,049||1,603||1,330|
|Earnings per share – diluted ($)||4.75||3.08||3.76|
|Return on equity (ROE)||14.9%||9.9%||13.0%|
|Cash Operating leverage1||7.5%||1.3%||4.7%|
|Tier 1 Capital Ratio||13.45%||12.24%||9.77%|
|Net Income by Segment|
|Private Client Group||470||359||426|
|BMO Capital Markets||820||873||568|
|Corporate Services, including Technology and Operations (T&O)||(299)||(1,146)||(411)|
Total Shareholder Return (TSR) (%)
BMO’s one-year TSR was 26.4%, providing an annual shareholder return in the top tier of our Canadian peer group – for the second consecutive year.
BMO Financial Group Net Income
Net income rose by 57%, or more than $1 billion, driven by reduced provisions for credit losses and stronger results in P&C Canada.
2010 Revenue Growth
Revenue rose by more than $1.1 billion, or 10.4%, after having grown 8.4% and 9.2% in the past two years, demonstrating the benefits of our diversified business mix.
Tier 1 Capital Ratio
The Tier 1 Capital Ratio increased from 12.24% in 2009, providing greater operational and strategic flexibility.