BMO Financial Group posts $1.25-billion second-quarter profit

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      One of Canada's big banks made over $100 million per week in the second quarter of its fiscal year.

      Today, BMO Financial Group reported net income of $1.25 billion for the three-month period from February through April. That's up 28 percent over the same quarter of 2016.

      "Personal and commercial banking in Canada continues to grow in customers, loans and deposits," BMO CEO Bill Downe said in a news release. "Business and consumer confidence is strong, and while there has been a moderation in loan and deposit growth in the United States reflective of slower than anticipated business activity in the first calendar quarter, we are well-positioned to continue to build on the strength of our U.S. franchise."

      In a separate announcement, BMO said that it is increasing dividends to shareholders.

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