BMO said Wednesday its net income came in at just over $1.3 billion, up from $689 million a year ago. Loan-loss provisions decreaseThe profit jump came as the bank set aside far less money to cover bad loans. BMO's numbers show that the bank is indeed raking in more money from fees than they previously did. In the last quarter, BMO took in $1.598 billion in so-called core fees, according to CIBC banking analyst Paul Holden. This quarter, the bank took in $1.643 billion of such fees — an increase of $45 million.

Source: CBC News May 26, 2021 13:34 UTC