BMO Financial Group Reports First Quarter 2021 Results
Financial Results Highlights
Net income of $2,017 million, an increase of 27%; adjusted net income
1 of $2,038 million, an increase of 26%
Reported EPS
1,2 of $3.06, an increase of 27%
Provision for credit losses (PCL) of $156 million, compared with $349 million
Reported net efficiency ratio
1,3 of 56.3%, compared with 60.3%
ROE of 15.7%, compared with 13.3%; adjusted ROE
1 of 15.8%, compared with 13.5%
Common Equity Tier 1 Ratio of 12.4%, an increase from 11.4% in the prior year
TORONTO, Feb. 23, 2021 /PRNewswire/ For the first quarter ended January 31, 2021, BMO Financial Group (TSX: BMO) (NYSE: BMO) recorded net income of $2,017 million or $3.03 per share on a reported basis, and net income of $2,038 million or $3.06 per share on an adjusted basis.
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Pritzker Private Capital Launches PPC University
February 16, 2021 GMT
CHICAGO (BUSINESS WIRE) Feb 16, 2021
Pritzker Private Capital (“PPC”), a leader in family direct investing, today announced the launch of PPC University, a series of customized, graduate-level business education courses developed and presented in partnership with the Kelley School of Business at Indiana University.
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PPC University courses will support the professional development of emerging leaders across the PPC family of companies. The program is guided by PPC’s longstanding commitment to partner with its companies, invest in its people and culture, and build successful businesses for the long term. PPC University is scheduled to begin instruction in March 2021.
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Former president Jacob Zuma’s no-show before the Zondo Commission on Monday was not only “a direct breach of the rule of law”. It was also a denial of the constitutional rights of South Africans to hear the truth about State Capture, corruption and fraud under his administration from 2009 to 2018.
In his judgment of January 28 ordering Zuma to appear before the commission on February 15 – which Zuma defied this week – Constitutional Court Justice Chris Jafta said, “We must remember that this is a republic of laws where the Constitution is supreme.
“Disobeying its laws amounts to a direct breach of the rule of law, one of the values underlying the Constitution and which forms part of the supreme law.