BMO Financial Group Reports Fourth Quarter and Fiscal 2023 Results
BMO's 2023 audited annual consolidated financial statements and accompanying Management Discussion and Analysis (MD&A) are available online at www.bmo.com/investorrelations and at www.sedarplus.ca.
Financial Results Highlights
Fourth Quarter 2023 Compared with Fourth Quarter 2022:
1, 321, 2, 31, 34Fiscal 2023 Compared with Fiscal 2022:
1, 321, 2, 31, 31, 3Adjusted 1, 3 results in the current quarter and the prior year excluded the following items:
TORONTO, Dec. 1, 2023 /PRNewswire/ -- For the fourth quarter ended October 31, 2023, BMO Financial Group (TSX: BMO) (NYSE: BMO) recorded net income of $1,617 million or $2.06 per share on a reported basis, and net income of $2,150 million or $2.81 per share on an adjusted basis.
"Our results this year reflect the fundamental strength and diversification of our businesses. Driven by record revenue and ongoing momentum in Canadian Personal and Commercial Banking and the contribution of Bank of the West, we delivered strong performance in a challenging economic backdrop," said Darryl White, Chief Executive Officer, BMO Financial Group.
"This year, we made significant progress against our strategic priorities to continue to grow and strengthen our bank, completing three notable acquisitions, advancing our Digital First capabilities and delivering interconnected One Client experiences. With the successful conversion of Bank of the West, BMO is the most integrated north-south bank on the continent. Our relentless focus on putting customers first and supporting their financial goals with innovative digital experiences and expert guidance continues to be recognized, including being ranked first by J.D. Power 5 for Personal Banking Customer Satisfaction among the Big 5 Banks in its 2023 Canada Retail Banking Satisfaction Study.
"Looking to 2024, we have proactively positioned the bank for future growth and are confident that our dynamic expense and capital management actions and ongoing targeted investments will drive consistent and differentiated performance. At BMO we are leveraging our position as a leading financial services provider to put our Purpose into action and help our clients and communities make progress for a thriving economy, sustainable future and an inclusive society," concluded Mr. White.
Concurrent with the release of results, BMO announced a first quarter 2024 dividend of $1.51 per common share, an increase of $0.04 from the prior quarter and an increase of $0.08 or 6% from the prior year. The quarterly dividend of $1.51 per common share is equivalent to an annual dividend of $6.04 per common share.
Caution
The foregoing section contains forward-looking statements. Please refer to the Caution Regarding Forward-Looking Statements.
| (1) | Results and measures in this document are presented on a generally accepted accounting principles (GAAP) basis. They are also presented on an adjusted basis that excludes the impact of certain specified items from reported results. Adjusted results and ratios are non-GAAP and are detailed for all reported periods in the Non-GAAP and Other Financial Measures section. For details on the composition of non-GAAP amounts, measures and ratios, as well as supplementary financial measures, refer to the Glossary of Financial Terms. |
| (2) | All EPS measures in this document refer to diluted EPS, unless specified otherwise. |
| (3) | Refer to the Non-GAAP and Other Financial Measures section for further information on adjusting items. |
| (4) | The CET1 Ratio is disclosed in accordance with the Office of the Superintendent of Financial Institutions' (OSFI's) Capital Adequacy Requirements (CAR) Guideline. |
| (5) | For more information, refer to www.jdpower.com/business. |
| Note: All ratios and percentage changes in this document are based on unrounded numbers. | |
Recent Acquisitions
On February 1, 2023, we completed our acquisition of Bank of the West, including its subsidiaries, from BNP Paribas. Bank of the West provides a broad range of banking products and services, primarily in the Western and Midwestern regions of the United States. The acquisition strengthens our position in North America with increased scale and greater access to growth opportunities in strategic new markets. We completed the conversion of Bank of the West customer accounts and systems to our respective BMO operating platforms in September 2023. The acquisition has been reflected in our results as a business combination, primarily in the U.S. P&C and BMO Wealth Management reporting segments.
On June 1, 2023, we completed the acquisition of the AIR MILES Reward Program (AIR MILES) business of LoyaltyOne Co. The AIR MILES business operates as a wholly-owned subsidiary of BMO. The acquisition was accounted for as a business combination and the acquired business and corresponding goodwill are included in our Canadian P&C reporting segment.
For more information on the acquisition of Bank of the West and AIR MILES, refer to Note 10 of the audited annual consolidated financial statements.
Caution
The foregoing section contain forward-looking statements. Please refer to the Caution Regarding Forward-Looking Statements.
Fourth Quarter 2023 Performance Review
Adjusted results and ratios in this section are on a non-GAAP basis. Refer to the Non-GAAP and Other Financial Measures section for further information on adjusting items. The order in which the impact on net income is discussed in this section follows the order of revenue, expenses and provision for credit losses, regardless of their relative impact.
Reported net income was $1,617 million, a decrease of $2,866 million or 64%, and adjusted net income was $2,150 million, an increase of $14 million or 1%. The inclusion of Bank of the West results in the current quarter decreased reported net income by $317 million, and increased adjusted net income by $195 million. Adjusted results excluded the items noted above. Reported EPS was $2.06, a decrease of $4.45, and adjusted EPS was $2.81, a decrease of $0.23, including the impact of common share issuances in the first quarter of 2023.
Canadian P&C
Reported net income was $962 million, an increase of $45 million or 5% from the prior year, and adjusted net income was $966 million, an increase of $49 million or 5%. Results reflected a 13% increase in revenue, due to higher net interest income driven by higher balance growth and margins, and higher non-interest revenue, partially offset by higher expenses and a higher provision for credit losses.
U.S. P&C
Reported net income was $661 million, an increase of $1 million from the prior year, and adjusted net income was $740 million, an increase of $78 million or 12% from the prior year. The impact of the stronger U.S. dollar increased net income by 1%.
On a U.S. dollar basis, reported net income was $486 million, a decrease of $2 million or 1% from the prior year. Adjusted net income, which excluded amortization of acquisition-related intangible assets, was $543 million, an increase of $54 million or 11% due to inclusion of Bank of the West, partially offset by a decrease in underlying revenue primarily due to lower net interest income, higher expenses and a higher provision for credit losses.
BMO Wealth Management
Reported net income was $262 million, a decrease of $36 million or 12% from the prior year, and adjusted net income was $263 million, a decrease of $35 million or 12%. Wealth and Asset Management reported net income was $212 million, a decrease of $9 million or 4%, and adjusted net income was $213 million, a decrease of $8 million or 3% as the inclusion of Bank of the West and higher revenue from growth in client assets was more than offset by higher underlying expenses. Insurance net income was $50 million, a decrease of $27 million or 36% from the prior year, primarily due to unfavourable market movements in the current year relative to favourable market movements in the prior year.
BMO Capital Markets
Reported net income was $489 million, an increase of $132 million or 37% from the prior year, and adjusted net income was $492 million, an increase of $129 million or 36%. Results reflected revenue growth of 19%, with higher revenue in both Global Markets and Investment and Corporate Banking, partially offset by higher expenses and a higher provision for credit losses, compared with a recovery in the prior year.
Corporate Services
Reported net loss was $757 million, compared with reported net income of $2,251 million in the prior year, and adjusted net loss was $311 million, compared with adjusted net loss of $104 million.
Capital
BMO's Common Equity Tier 1 (CET1) Ratio was 12.5% as at October 31, 2023, an increase from 12.3% at the end of the third quarter of 2023, primarily due to internal capital generation and common shares issued under the Dividend Reinvestment and Share Purchase Plan, partially offset by the impact of acquisition and integration costs related to Bank of the West and unrealized losses on fair value through other comprehensive income securities.
Credit Quality
Total provision for credit losses was $446 million, compared with a provision of $226 million in the prior year. The provision for credit losses on impaired loans was $408 million, an increase of $216 million from the prior year. The provision for credit losses on performing loans was $38 million, an increase of $4 million from the prior year.
Refer to the Critical Accounting Estimates and Judgments section of BMO's 2023 Annual Report and Note 4 of our audited annual consolidated financial statements for further information on the allowance for credit losses as at October 31, 2023.
Caution
The foregoing sections contain forward-looking statements. Please refer to the Caution Regarding Forward-Looking Statements.
Regulatory Filings
BMO's continuous disclosure materials, including interim filings, annual Management's Discussion and Analysis and audited annual consolidated financial statements, Annual Information Form and Notice of Annual Meeting of Shareholders and Proxy Circular, are available on our website at www.bmo.com/investorrelations, on the Canadian Securities Administrators' website at www.sedarplus.ca, and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov. Information contained in or otherwise accessible through our website (www.bmo.com), or any third-party websites mentioned herein, does not form part of this document.
| Bank of Montreal uses a unified branding approach that links all of the organization's member companies. Bank of Montreal, together with its subsidiaries, is known as BMO Financial Group. In this document, the names BMO and BMO Financial Group, as well as the words "bank", "we" and "our", mean Bank of Montreal, together with its subsidiaries. |
Financial Review
Management's Discussion and Analysis (MD&A) commentary is as at December 1, 2023. The material that precedes this section comprises part of this MD&A. The MD&A should be read in conjunction with the unaudited interim consolidated financial statements for the period ended October 31, 2023, included in this document, as well as the audited annual consolidated financial statements for the year ended October 31, 2023, and the MD&A for fiscal 2023, contained in BMO's 2023 Annual Report.
BMO's 2023 Annual Report includes a comprehensive discussion of its businesses, strategies and objectives, and can be accessed on our website at www.bmo.com/investorrelations. Readers are also encouraged to visit the site to view other quarterly financial information.
Bank of Montreal's management, under the supervision of the Chief Executive Officer and the Chief Financial Officer, has evaluated the effectiveness, as at October 31, 2023, of Bank of Montreal's disclosure controls and procedures (as defined in the rules of the U.S. Securities and Exchange Commission and the Canadian Securities Administrators) and has concluded that such disclosure controls and procedures are effective.
There were no changes in our internal control over financial reporting during the quarter ended October 31, 2023, which materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Because of inherent limitations, disclosure controls and procedures and internal control over financial reporting can provide only reasonable assurance and may not prevent or detect misstatements.
As in prior quarters, Bank of Montreal's Audit and Conduct Review Committee reviewed this document and Bank of Montreal's Board of Directors approved the document prior to its release.
Financial Highlights
| (Canadian $ in millions, except as noted) | Q4-2023 | Q3-2023 | Q4-2022 | Fiscal 2023 | Fiscal 2022 |
| Summary Income Statement(1) (5) | |||||
| Net interest income | 4,941 | 4,905 | 3,767 | 18,681 | 15,885 |
| Non-interest revenue | 3,419 | 3,024 | 6,803 | 12,518 | 17,825 |
| Revenue | 8,360 | 7,929 | 10,570 | 31,199 | 33,710 |
| Insurance claims, commissions and changes in policy benefit liabilities (CCPB) | 151 | 4 | (369) | 1,939 | (683) |
| Revenue, net of CCPB (2) | 8,209 | 7,925 | 10,939 | 29,260 | 34,393 |
| Provision for credit losses on impaired loans | 408 | 333 | 192 | 1,180 | 502 |
| Provision for (recovery of) credit losses on performing loans | 38 | 159 | 34 | 998 | (189) |
| Total provision for credit losses (PCL) | 446 | 492 | 226 | 2,178 | 313 |
| Non-interest expense | 5,700 | 5,594 | 4,776 | 21,219 | 16,194 |
| Provision for income taxes | 446 | 385 | 1,454 | 1,486 | 4,349 |
| Net income | 1,617 | 1,454 | 4,483 | 4,377 | 13,537 |
| Net income available to common shareholders | 1,485 | 1,411 | 4,406 | 4,034 | 13,306 |
| Adjusted net income | 2,150 | 2,037 | 2,136 | 8,675 | 9,039 |
| Adjusted net income available to common shareholders | 2,018 | 1,994 | 2,059 | 8,332 | 8,808 |
| Common Share Data ($, except as noted) (1) | |||||
| Basic earnings per share | 2.07 | 1.97 | 6.52 | 5.69 | 20.04 |
| Diluted earnings per share | 2.06 | 1.97 | 6.51 | 5.68 | 19.99 |
| Adjusted diluted earnings per share | 2.81 | 2.78 | 3.04 | 11.73 | 13.23 |
| Book value per share | 97.17 | 93.79 | 95.60 | 97.17 | 95.60 |
| Closing share price | 104.79 | 122.54 | 125.49 | 104.79 | 125.49 |
| Number of common shares outstanding (in millions) | |||||
| End of period | 720.9 | 716.7 | 677.1 | 720.9 | 677.1 |
| Average basic | 719.2 | 715.4 | 676.1 | 709.4 | 664.0 |
| Average diluted | 720.0 | 716.4 | 677.5 | 710.5 | 665.7 |
| Market capitalization ($ billions) | 75.5 | 87.8 | 85.0 | 75.5 | 85.0 |
| Dividends declared per share | 1.47 | 1.47 | 1.39 | 5.80 | 5.44 |
| Dividend yield (%) | 5.6 | 4.8 | 4.4 | 5.5 | 4.3 |
| Dividend payout ratio (%) | 71.1 | 74.6 | 21.3 | 102.0 | 27.1 |
| Adjusted dividend payout ratio (%) | 52.3 | 52.7 | 45.6 | 49.4 | 41.0 |
| Financial Measures and Ratios (%) (1) | |||||
| Return on equity | 8.6 | 8.3 | 27.6 | 6.0 | 22.9 |
| Adjusted return on equity | 11.7 | 11.7 | 12.9 | 12.3 | 15.2 |
| Return on tangible common equity | 12.5 | 11.9 | 30.1 | 8.2 | 25.1 |
| Adjusted return on tangible common equity | 16.0 | 15.8 | 14.0 | 15.8 | 16.6 |
| Efficiency ratio | 68.2 | 70.6 | 45.2 | 68.0 | 48.0 |
| Adjusted efficiency ratio, net of CCPB (2) | 60.8 | 61.6 | 57.2 | 59.8 | 55.8 |
| Operating leverage | (40.2) | (14.9) | 35.3 | (38.5) | 19.6 |
| Adjusted operating leverage, net of CCPB (2) | (7.3) | (10.4) | 0.4 | (8.2) | 1.3 |
| Net interest margin on average earning assets | 1.66 | 1.68 | 1.46 | 1.63 | 1.62 |
| Net interest margin on average earning assets excluding trading revenue and trading assets | 1.87 | 1.90 | 1.56 | 1.82 | 1.72 |
| Effective tax rate | 21.62 | 20.92 | 24.49 | 25.34 | 24.31 |
| Adjusted effective tax rate | 22.65 | 21.85 | 21.83 | 22.33 | 22.80 |
| Total PCL-to-average net loans and acceptances | 0.27 | 0.30 | 0.16 | 0.35 | 0.06 |
| PCL on impaired loans-to-average net loans and acceptances | 0.25 | 0.21 | 0.14 | 0.19 | 0.10 |
| Liquidity coverage ratio (LCR) (3) | 128 | 131 | 135 | 128 | 135 |
| Net stable funding ratio (NSFR) (3) | 115 | 114 | 114 | 115 | 114 |
| Balance Sheet and other information(as at October 31, $ millions, except as noted) | |||||
| Assets | 1,293,276 | 1,248,554 | 1,139,199 | 1,293,276 | 1,139,199 |
| Average earning assets | 1,177,770 | 1,161,226 | 1,021,540 | 1,145,632 | 979,341 |
| Gross loans and acceptances | 668,396 | 643,911 | 567,191 | 668,396 | 567,191 |
| Net loans and acceptances | 664,589 | 640,391 | 564,574 | 664,589 | 564,574 |
| Deposits | 909,676 | 883,569 | 769,478 | 909,676 | 769,478 |
| Common shareholders' equity | 70,051 | 67,215 | 64,730 | 70,051 | 64,730 |
| Total risk weighted assets (4) | 424,197 | 412,943 | 363,997 | 424,197 | 363,997 |
| Assets under administration | 808,985 | 774,760 | 744,442 | 808,985 | 744,442 |
| Assets under management | 332,947 | 340,184 | 305,462 | 332,947 | 305,462 |
| Capital Ratios (%) (4) | |||||
| Common Equity Tier 1 Ratio | 12.5 | 12.3 | 16.7 | 12.5 | 16.7 |
| Tier 1 Capital Ratio | 14.1 | 14.0 | 18.4 | 14.1 | 18.4 |
| Total Capital Ratio | 16.2 | 16.1 | 20.7 | 16.2 | 20.7 |
| Leverage Ratio | 4.2 | 4.2 | 5.6 | 4.2 | 5.6 |
| TLAC Ratio | 27.0 | 26.8 | 33.1 | 27.0 | 33.1 |
| Foreign Exchange Rates ($) | |||||
| As at October 31, Canadian/U.S. dollar | 1.3868 | 1.3177 | 1.3625 | 1.3868 | 1.3625 |
| Average Canadian/U.S. dollar | 1.3648 | 1.3331 | 1.3516 | 1.3492 | 1.2918 |
| (1) | Adjusted results exclude certain items from reported results and are used to calculate our adjusted measures as presented in the above table. Management assesses performance on a reported basis and an adjusted basis, and considers both to be useful. Revenue, net of CCPB, as well as reported ratios calculated net of CCPB, and adjusted results, measures and ratios in this table are non-GAAP amounts. For further information, refer to the Non-GAAP and Other Financial Measures section; for details on the composition of non-GAAP amounts, measures and ratios, as well as supplementary financial measures, refer to the Glossary of Financial Terms. |
| (2) | We present revenue, efficiency ratio and operating leverage on a basis that is net of CCPB, which reduces the variability in insurance revenue resulting from changes in fair value that are largely offset by changes in the fair value of policy benefit liabilities, the impact of which is reflected in CCPB. For further information, refer to the Insurance Claims, Commissions and Changes in Policy Benefits section. |
| (3) | LCR and NSFR are disclosed in accordance with the Liquidity Adequacy Requirements (LAR) Guideline as set out by Office of the Superintendent of Financial Institutions (OSFI), as applicable. |
| (4) | Capital ratios and risk–weighted assets are disclosed in accordance with the Capital Adequacy Requirements (CAR) Guideline, as set out by OSFI, as applicable. |
| (5) | Due to the increase in the bank's investments in Low Income Housing Tax Credit (LIHTC) entities following our acquisition of Bank of the West, we have updated our accounting policy related to the presentation of returns from these investments in the consolidated statement of income. As a result, amounts previously recorded in non-interest expense and provision for income taxes are both recorded in non-interest revenue. Fiscal 2023 comparatives have been reclassified to conform with the current period's methodology. The impact in fiscal 2022 was not material. |
Non-GAAP and Other Financial Measures
Results and measures in this document are presented on a generally accepted accounting principles (GAAP) basis. Unless otherwise indicated, all amounts are in Canadian dollars and have been derived from our audited annual consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board. References to GAAP mean IFRS. We use a number of financial measures to assess our performance, as well as the performance of our operating segments, including amounts, measures and ratios that are presented on a non–GAAP basis, as described below. We believe that these non–GAAP amounts, measures and ratios, read together with our GAAP results, provide readers with a better understanding of how management assesses results.
Non–GAAP amounts, measures and ratios do not have standardized meanings under GAAP. They are unlikely to be comparable to similar measures presented by other companies and should not be viewed in isolation from, or as a substitute for, GAAP results.
Further information regarding the composition of our non-GAAP and other financial measures, including supplementary financial measures, is provided in the Glossary of Financial Terms and available online at www.bmo.com/investorrelations and at www.sedarplus.ca.
Our non–GAAP measures broadly fall into the following categories:
Adjusted measures and ratios
Management considers both reported and adjusted results and measures to be useful in assessing underlying ongoing business performance. Adjusted results and measures remove certain specified items from revenue, non–interest expense, provision for credit losses and income taxes, as detailed in the following table. Adjusted results and measures presented in this document are non–GAAP amounts. Presenting results on both a reported basis and an adjusted basis permits readers to assess the impact of certain items on results for the periods presented, and to better assess results excluding those items that may not be reflective of ongoing business performance. As such, the presentation may facilitate readers' analysis of trends. Except as otherwise noted, management's discussion of changes in reported results in this document applies equally to changes in the corresponding adjusted results.
Measures net of insurance claims, commissions and changes in policy benefit liabilities
We also present reported and adjusted revenue on a basis that is net of insurance claims, commissions and changes in policy benefit liabilities (CCPB), and our efficiency ratio and operating leverage are calculated on a similar basis. Measures and ratios presented on a basis net of CCPB are non-GAAP amounts. Insurance revenue can experience variability arising from fluctuations in the fair value of insurance assets caused by movements in interest rates and equity markets. The investments that support policy benefit liabilities are predominantly fixed income assets recorded at fair value, with changes in fair value recorded in insurance revenue in the Consolidated Statement of Income. These fair value changes are largely offset by changes in the fair value of policy benefit liabilities, the impact of which is reflected in CCPB. The presentation and discussion of revenue, efficiency ratios and operating leverage on a net basis reduces this variability, which allows for a better assessment of operating results. For more information, refer to the Insurance Claims, Commissions and Changes in Policy Benefit Liabilities section.
Tangible common equity and return on tangible common equity
Tangible common equity is calculated as common shareholders' equity, less goodwill and acquisition-related intangible assets, net of related deferred tax liabilities. Return on tangible common equity is commonly used in the North American banking industry and is meaningful because it measures the performance of businesses consistently, whether they were acquired or developed organically.
Caution
This Non-GAAP and Other Financial Measures section contains forward-looking statements. Please refer to the Caution Regarding Forward-Looking Statements.
Non-GAAP and Other Financial Measures
| (Canadian $ in millions, except as noted) | Q4-2023 | Q3-2023 | Q4-2022 | Fiscal 2023 | Fiscal 2022 |
| Reported Results | |||||
| Net interest income | 4,941 | 4,905 | 3,767 | 18,681 | 15,885 |
| Non-interest revenue | 3,419 | 3,024 | 6,803 | 12,518 | 17,825 |
| Revenue | 8,360 | 7,929 | 10,570 | 31,199 | 33,710 |
| Insurance claims, commissions and changes in policy benefit liabilities (CCPB) | (151) | (4) | 369 | (1,939) | 683 |
| Revenue, net of CCPB | 8,209 | 7,925 | 10,939 | 29,260 | 34,393 |
| Provision for credit losses | (446) | (492) | (226) | (2,178) | (313) |
| Non-interest expense | (5,700) | (5,594) | (4,776) | (21,219) | (16,194) |
| Income before income taxes | 2,063 | 1,839 | 5,937 | 5,863 | 17,886 |
| Provision for income taxes | (446) | (385) | (1,454) | (1,486) | (4,349) |
| Net income | 1,617 | 1,454 | 4,483 | 4,377 | 13,537 |
| Diluted EPS ($) | 2.06 | 1.97 | 6.51 | 5.68 | 19.99 |
| Adjusting Items Impacting Revenue (Pre-tax) | |||||
| Impact of divestitures (1) | - | - | - | - | (21) |
| Management of fair value changes on the purchase of Bank of the West (2) | - | - | 4,541 | (2,011) | 7,713 |
| Legal provision (including related interest expense and legal fees) (3) | (14) | (3) | (515) | (30) | (515) |
| Impact of Canadian tax measures (4) | - | (138) | - | (138) | - |
| Impact of adjusting items on revenue (pre-tax) | (14) | (141) | 4,026 | (2,179) | 7,177 |
| Adjusting Items Impacting Provision for Credit Losses (Pre-tax) | |||||
| Initial provision for credit losses on purchased performing loans (pre-tax) (5) | - | - | - | (705) | - |
| Adjusting Items Impacting Non-Interest Expense (Pre-tax) | |||||
| Acquisition and integration costs (6) | (582) | (497) | (193) | (2,045) | (326) |
| Amortization of acquisition-related intangible assets (7) | (119) | (115) | (8) | (357) | (31) |
| Impact of divestitures (1) | - | - | 6 | - | (16) |
| Legal provision (including related interest expense and legal fees) (3) | (2) | 7 | (627) | 3 | (627) |
| Impact of Canadian tax measures (4) | - | (22) | - | (22) | - |
| Impact of adjusting items on non-interest expense (pre-tax) | (703) | (627) | (822) | (2,421) | (1,000) |
| Impact of adjusting items on reported net income (pre-tax) | (717) | (768) | 3,204 | (5,305) | 6,177 |
| Adjusting Items Impacting Revenue (After-tax) | |||||
| Impact of divestitures (1) | - | - | - | - | (23) |
| Management of fair value changes on the purchase of Bank of the West (2) | - | - | 3,336 | (1,461) | 5,667 |
| Legal provision (including related interest expense and legal fees) (3) | (10) | (2) | (382) | (23) | (382) |
| Impact of Canadian tax measures (4) | - | (115) | - | (115) | - |
| Impact of adjusting items on revenue (after-tax) | (10) | (117) | 2,954 | (1,599) | 5,262 |
| Adjusting Items Impacting Provision for Credit Losses (After-tax) | |||||
| Initial provision for credit losses on purchased performing loans (after-tax) (5) | - | - | - | (517) | - |
| Adjusting Items Impacting Non-Interest Expense (After-tax) | |||||
| Acquisition and integration costs (6) | (433) | (370) | (145) | (1,533) | (245) |
| Amortization of acquisition-related intangible assets (7) | (88) | (85) | (6) | (264) | (23) |
| Impact of divestitures (1) | - | - | 8 | - | (32) |
| Legal provision (including related interest expense and legal fees) (3) | (2) | 5 | (464) | 2 | (464) |
| Impact of Canadian tax measures (4) | - | (16) | - | (16) | - |
| Impact of adjusting items on non-interest expense (after-tax) | (523) | (466) | (607) | (1,811) | (764) |
| Adjusting Items Impacting Provision for Income Taxes (After-tax) | |||||
| Impact of Canadian tax measures (4) | - | - | - | (371) | - |
| Impact of adjusting items on reported net income (after-tax) | (533) | (583) | 2,347 | (4,298) | 4,498 |
| Impact on diluted EPS ($) | (0.75) | (0.81) | 3.47 | (6.05) | 6.76 |
| Adjusted Results | |||||
| Net interest income | 4,955 | 4,908 | 4,439 | 19,094 | 16,352 |
| Non-interest revenue | 3,419 | 3,162 | 2,105 | 14,284 | 10,181 |
| Revenue | 8,374 | 8,070 | 6,544 | 33,378 | 26,533 |
| Insurance claims, commissions and changes in policy benefit liabilities (CCPB) | (151) | (4) | 369 | (1,939) | 683 |
| Revenue, net of CCPB | 8,223 | 8,066 | 6,913 | 31,439 | 27,216 |
| Provision for credit losses | (446) | (492) | (226) | (1,473) | (313) |
| Non-interest expense | (4,997) | (4,967) | (3,954) | (18,798) | (15,194) |
| Income before income taxes | 2,780 | 2,607 | 2,733 | 11,168 | 11,709 |
| Provision for income taxes | (630) | (570) | (597) | (2,493) | (2,670) |
| Net income | 2,150 | 2,037 | 2,136 | 8,675 | 9,039 |
| Diluted EPS ($) | 2.81 | 2.78 | 3.04 | 11.73 | 13.23 |
| (1) | Reported net income in fiscal 2022 included the impact of divestitures related to the sale of our EMEA and U.S. Asset Management businesses: Q4-2022 included a $8 million ($6 million pre-tax) recovery of non-interest expense; Q3-2022 included non-interest expense of $6 million ($7 million pre-tax); Q2-2022 included a loss of $9 million ($10 million pre-tax), comprising a gain of $8 million related to the transfer of certain U.S. asset management clients recorded in non-interest revenue and non-interest expense of $18 million; and Q1-2022 included a loss of $48 million ($26 million pre-tax), comprising a $29 million loss related to foreign currency translation reclassified from accumulated other comprehensive income to non-interest revenue, and a $3 million net recovery of non-interest expense, including taxes of $22 million on the closing of the sale of our EMEA Asset Management businesses. These amounts were recorded in Corporate Services. |
| (2) | Reported net income included revenue (losses) related to the acquisition of Bank of the West resulting from the management of the impact of interest rate changes between the announcement and closing of the acquisition on its fair value and goodwill:Q1-2023 included a loss of $1,461 million ($2,011 million pre-tax), comprising $1,628 million of mark-to-market losses on certain interest rate swaps recorded in non-interest trading revenue and $383 million of losses on a portfolio of primarily U.S. treasuries and other balance sheet instruments recorded in net interest income; Q4-2022 included revenue of $3,336 million ($4,541 million pre-tax), comprising $4,698 million of mark-to-market gains and $157 million of net interest losses; Q3-2022 included a loss of $694 million ($945 million pre-tax), comprising $983 million of mark-to-market losses and $38 million of net interest income; Q2-2022 included revenue of $2,612 million ($3,555 million pre-tax), comprising $3,433 million of mark-to-market gains and $122 million pre-tax net interest income; and Q1-2022 included revenue of $413 million ($562 million pre-tax), comprising $517 million of mark-to-market gains and $45 million of net interest income. These amounts were recorded in Corporate Services. For further information on this acquisition, refer to the Recent Acquisitions section. |
| (3) | Reported net income included the impact of a lawsuit associated with a predecessor bank, M&I Marshall and Ilsley Bank: Q4-2023 included $12 million ($16 million pre-tax), comprising interest expense of $14 million and non-interest expense of $2 million; Q3-2023 included a net recovery of $3 million ($4 million pre-tax), comprising interest expense of $3 million and a non-interest expense recovery of $7 million; Q2-2023 included interest expense of $6 million ($7 million pre-tax); Q1-2023 included $6 million ($8 million pre-tax), comprising interest expense of $6 million and non-interest expense of $2 million; and Q4-2022 included a legal provision of $846 million ($1,142 million pre-tax), comprising interest expense of $515 million and non-interest expense of $627 million. These amounts were recorded in Corporate Services. For further information, refer to the Provisions and Contingent Liabilities section in Note 24 of the audited annual consolidated financial statements of BMO's 2023 Annual Report. |
| (4) | Reported net income included the impact of certain tax measures enacted by the Canadian government: Q3-2023 included a charge of $131 million ($160 million pre-tax) related to the amended GST/HST definition for financial services, comprising $138 million recorded in non-interest revenue and $22 million recorded in non-interest expense; and Q1-2023 included a one-time tax expense of $371 million, comprising a Canada Recovery Dividend (CRD) of $312 million and $59 million related to the pro-rated fiscal 2022 impact of the 1.5% tax rate increase, net of a deferred tax asset remeasurement. These amounts were recorded in Corporate Services. |
| (5) | Reported net income in Q2-2023 included an initial provision for credit losses of $517 million ($705 million pre-tax) on the purchased Bank of the West performing loan portfolio, recorded in Corporate Services. |
| (6) | Reported net income included acquisition and integration costs, recorded in non-interest expense. Costs related to the acquisition of Bank of the West were recorded in Corporate Services: In fiscal 2023, Q4-2023 included $434 million ($583 million pre-tax), Q3-2023 included $363 million ($487 million pre-tax), Q2-2023 included $545 million ($722 million pre-tax), and Q1-2023 included $178 million ($235 million pre-tax); and in fiscal 2022, Q4-2022 included $143 million ($191 million pre-tax), Q3-2022 included $61 million ($82 million pre-tax), Q2-2022 included $26 million ($35 million pre-tax) and Q1-2022 included $7 million ($8 million pre-tax). Costs related to the acquisitions of Radicle and Clearpool were recorded in BMO Capital Markets: In fiscal 2023, Q4-2023 included a recovery of $2 million ($3 million pre-tax), Q3-2023 included $1 million ($2 million pre-tax), Q2-2023 included $2 million ($2 million pre-tax), Q1-2023 included $3 million ($4 million pre-tax); and in fiscal 2022, Q4-2022 included $2 million ($2 million pre-tax), Q3-2022 included $1 million ($2 million pre-tax), Q2-2022 included $2 million ($2 million pre-tax) and Q1-2022 included $3 million ($4 million pre-tax). Costs related to the acquisition of AIR MILES were recorded in Canadian P&C: In fiscal 2023, Q4-2023 included $1 million ($2 million pre-tax), Q3-2023 included $6 million ($8 million pre-tax) and Q2-2023 included $2 million ($3 million pre-tax). |
| (7) | Reported net income included amortization of acquisition-related intangible assets recorded in non-interest expense in the related operating group:Q4-2023 included $88 million ($119 million pre-tax), Q3-2023 and Q2-2023 both included $85 million ($115 million pre-tax); Q1-2023 included $6 million ($8 million pre-tax); Q4-2022 included $6 million ($8 million pre-tax); Q3-2022 included $5 million ($7 million pre-tax); and Q2-2022 and Q1-2022 both included $6 million ($8 million pre-tax). |
Summary of Reported and Adjusted Results by Operating Segment
| BMO Wealth | BMO Capital | Corporate | U.S. Segment (1) | |||||
| (Canadian $ in millions, except as noted) | Canadian P&C | U.S. P&C | Total P&C | Management | Markets | Services | Total Bank | (US$ in millions) |
| Q4-2023 | ||||||||
| Reported net income (loss) | 962 | 661 | 1,623 | 262 | 489 | (757) | 1,617 | 388 |
| Acquisition and integration costs | 1 | - | 1 | - | (2) | 434 | 433 | 317 |
| Amortization of acquisition-related intangible assets | 3 | 79 | 82 | 1 | 5 | - | 88 | 61 |
| Legal provision (including related interest expense | ||||||||
| and legal fees) | - | - | - | - | - | 12 | 12 | 8 |
| Adjusted net income (loss) | 966 | 740 | 1,706 | 263 | 492 | (311) | 2,150 | 774 |
| Q3-2023 | ||||||||
| Reported net income (loss) | 915 | 576 | 1,491 | 303 | 310 | (650) | 1,454 | 364 |
| Acquisition and integration costs | 6 | - | 6 | - | 1 | 363 | 370 | 275 |
| Amortization of acquisition-related intangible assets | 2 | 77 | 79 | 1 | 5 | - | 85 | 60 |
| Legal provision (including related interest expense | ||||||||
| and legal fees) | - | - | - | - | - | (3) | (3) | (2) |
| Impact of Canadian tax measures | - | - | - | - | - | 131 | 131 | - |
| Adjusted net income (loss) | 923 | 653 | 1,576 | 304 | 316 | (159) | 2,037 | 697 |
| Q4-2022 | ||||||||
| Reported net income | 917 | 660 | 1,577 | 298 | 357 | 2,251 | 4,483 | 2,306 |
| Acquisition and integration costs | - | - | - | -  •Presenza internazionale: prodotti venduti in oltre 50 Paesi; l'export è cresciuto dell'11,4%. •Impegno per il territorio: rafforzato il legame con Alessandria attraverso iniziative locali e sostegno a progetti sociali. •Benessere dei dipendenti: 170 dipendenti beneficiari di iniziative di welfare e oltre 1.000 ore di corsi di formazione. •Sostenibilità ambientale: realizzazione di un nuovo impianto fotovoltaico ad Alessandria e riduzione del 19% delle emissioni di CO2. •Innovazione: continuo impegno nella ricerca e sviluppo. Alessandria, 16 settembre 2024 – Paglieri, azienda piemontese leader di mercato nella produzione di prodotti per la cura del corpo, del bucato e della casa, annuncia la pubblicazione del Bilancio di Sostenibilità 2023. Il documento riflette l’impegno di Paglieri nel perseguire obiettivi di sostenibilità ambientale, sociale ed economica, in linea con la strategia aziendale Future Vision - avviata a maggio 2022 - per guidare la crescita societaria lungo direttrici di natura industriale e di cultura organizzativa. Il perseguimento della Future Vision è prioritario per Paglieri in quanto la stessa ha l’obiettivo di rafforzare l’identità e far crescere la capacità competitiva del marchio in mercati sempre più esigenti; per questo, è stato predisposto per il raggiungimento degli obiettivi strategici un piano economico che prevede circa 27 milioni di euro di investimenti per il triennio 2024 - 2026. “Il Bilancio di sostenibilità dimostra l’impegno di Paglieri nell’affrontare non solo le sfide future interne all’azienda, ma anche le sfide connaturate al contesto in cui operiamo, per fornire ai consumatori prodotti di qualità sempre maggiore e agli stakeholder una visione completa dell’azienda - dichiara Fabio Rossello, CEO di Paglieri - Avere un impatto positivo sul territorio e sulle persone è possibile solo grazie ad una buona politica di investimenti industriali e di capitale umano, alla riduzione delle emissioni dirette di gas clima alteranti e alla ricerca di una catena del valore sempre più adatta alle sfide ambientali, economiche e sociali del futuro.” “Il 2023 ci ha visto affrontare tematiche legate al consumo energetico, alla gestione dei luoghi di lavoro e alla proposta Made in Italy dell’azienda. In linea con la nostra vision, i nostri obiettivi futuri prevedono un utilizzo più consapevole dei materiali e delle risorse, con una rinnovata attenzione a stakeholder e consumatori nella continuità della tradizione che ci guida da oltre 200 anni” - afferma Debora Paglieri, CEO di Paglieri. Il modello di business di Paglieri Da ormai sette generazioni, i valori della famiglia e della tradizione sono elementi trasversali alla base dell’implementazione e dell’evoluzione del modello di business di Paglieri. Ogni generazione che ha guidato l’azienda ha lasciato a quella successiva una realtà sana con solide basi per continuare a crescere e perdurare nel tempo. L’azienda fonda il suo modello di business sulla co-esistenza sinergica di innovazione e tradizione italiana, valorizzando nel sistema paese e all’estero i suoi brand quali simboli della qualità del Made in Italy. Paglieri ha infatti la sua sede operativa ad Alessandria, mentre la produzione avviene per il 70% all’interno dello stabilimento di Spinetta Marengo (AL), che si estende su una superficie totale di 76.000 m². All’interno dello stabilimento sono presenti sei linee produttive per la cosmetica, due linee per il talco e una linea di ammorbidenti. Nel 2023, Paglieri ha raggiunto un fatturato netto di 203,1 milioni di euro, servendo oltre 50 Paesi nel mondo con i suoi 7 brand: Felce Azzurra, Felce Azzurra Bio, Cléo, Labrosan, SapoNello, Mon Amour e Aria di Casa. L'azienda ha inoltre prodotto 112 milioni di pezzi grazie a 9 linee produttive, e Paglieri, insieme ai suoi brand Felce Azzurra e Schiapparelli, sono stati riconosciuti nel 2023 dall'Ufficio Italiano Brevetti e Marchi come marchi storici di interesse nazionale. Benessere comune Il benessere e la crescita professionale delle 170 persone che lavorano negli uffici e nel sito produttivo di Paglieri, sono una priorità per l’azienda, che si impegna per offrire un programma di benefit completo attraverso iniziative di welfare, tra cui l'estensione di servizi a sostegno della conciliazione vita-lavoro e l'introduzione di programmi volti a fornire un supporto psicologico, legale e fiscale per i dipendenti. L'azienda ha anche investito significativamente nella crescita delle competenze professionali dei suoi talenti, con un focus sulle tematiche legate alla sostenibilità e all'innovazione tecnologica tramite l’implementazione di nuovi programmi di formazione e sviluppo professionale, con oltre 1.000 ore di formazione erogate nel 2023. Nonostante la sua dimensione internazionale, Paglieri è prima di tutto un'azienda radicata ad Alessandria, con l’obiettivo di creare valore e lavoro per il territorio. Lo scorso anno, in occasione del centenario di Felce Azzurra, l’azienda ha rafforzato il legame con la città piemontese attraverso iniziative come la "mostra sospesa" - con l’esposizione delle opere di Stefano Riboli - e l'albero di Natale apposto in Piazza della Libertà. Inoltre, l’azienda ha sostenuto "La forza e il sorriso Onlus" – associazione che supporta le donne che affrontano il cancro - e ha partecipato a incontri universitari per promuovere lo sviluppo di giovani talenti e il loro inserimento in un ambiente inclusivo. L’impegno per l’ambiente L'analisi ambientale condotta da Paglieri ha identificato ambiti prioritari e azioni per migliorare le performance legate alla sostenibilità dell'azienda. Questo processo ha portato a definire investimenti strategici per il futuro, mirati a ottimizzare i consumi energetici e a introdurre soluzioni innovative nella produzione, in armonia con la Future Vision. Per questo, n el 2023 è stato installato nuovo impianto fotovoltaico presso lo stabilimento di Alessandria, con una potenza di 650 kWp, capace di generare energia rinnovabile sufficiente a coprire il 4% del fabbisogno energetico dell'azienda. Questo progetto ha consentito di diminuire del 19% l'emissione di CO2 rispetto al 2022. Il profumo della qualità e dell’innovazione Nel 2023, dimostrando il suo impegno nel perseguire sinergicamente innovazione e tradizione nell’ambito della ricerca e dello sviluppo, l'azienda ha lanciato nuove linee di prodotti che combinano l'alta qualità delle materie prime con formule eco-sostenibili, mantenendo inalterata l'attenzione per la sicurezza e la salute dei consumatori. Paglieri è la sola azienda nel settore in Italia ad ospitare un Laboratorio di Profumeria interno, e proprio in questo Laboratorio è stata brevettata la linea Felce Azzura – Fiori di Luna, sviluppata in collaborazione con gli specialisti dell’Accademia Italiana di Medicina del Sonno per sensibilizzare sull’importanza del sonno e sull’impatto che il riposo ha sulla salute e il benessere. La fragranza di Fiori di Luna, realizzata a seguito di 7 anni di ricerche, oltre 400 test di qualità del sonno e 3000 ore di sonno analizzate, si avvale della tecnologia olfattiva brevettata DreamScentz™ che utilizza ingredienti capaci di agire sulle zone del cervello che controllano il sonno, è stata studiata per favorire il rilassamento e aiutare a dormire meglio.
PAGLIERI SpA nasce nel 1807 ad Alessandria grazie alla maestria di Lodovico Paglieri. Oggi l’Azienda è leader di mercato nella produzione di prodotti per la cura del corpo, del bucato e della casa, tutti caratterizzati da un approfondito studio e sviluppo del profumo. Con i suoi oltre 200 anni di storia è simbolo d’imprenditorialità italiana in oltre 50 Paesi nel mondo. Creatrice del brand Felce Azzurra, ha continuato il suo percorso sviluppando nuovi marchi per esigenze specifiche. Nel ramo personal care, Paglieri è proprietaria dei marchi Felce Azzurra Bio, - una gamma per chi è particolarmente attento all’ambiente, Cléo – una linea appositamente concepita per la cura quotidiana del corpo femminile, Labrosan – burri di cacao per la cura delle labbra e SapoNello – la linea che si prende cura della pelle delicata dei più piccoli. Nel ramo home & fabric care Felce Azzurra il Bianco e Mon Amour – ammorbidenti, detersivi e additivi per un bucato protetto e profumato e Aria di Casa, una linea completa di profumatori per ogni stanza della casa. Oltre ai brand di proprietà, il Gruppo Paglieri fonda nel 2001 Selectiva Spa, che per prima porta il concetto del gourmand in profumeria declinato in bagni, creme corpo e profumi con i marchi Aquolina e Pink Sugar. MSL ITALIA - Ufficio stampa PAGLIERI Spa Laura Piovesan - laura.piovesan@mslgroup.com - 335 739 0159 Marta Rumoro - marta.rumoro@mslgroup.com - 340 006 6755 Marco Rivetta - marco.rivetta.ext@mslgroup.com - 02 773 36280   Il Founder di Pagine Sì S.p.A. leader nel settore del marketing digitale e ideatore del progetto itinerante “Il mondo delle persone per bene”, accoglie senza pregiudizi idee e ideologie in grado di dare voce alle tante persone per bene che muovono la società e che hanno bisogno di essere ascoltate Terni,16/09/2024. Il progetto itinerante de “Il mondo delle persone per bene”, promosso dal Presidente di Pagine Sì! S.p.A., Sauro Pellerucci, trova sempre più consenso - da nord a sud Italia. Ora circolano voci di un suo avvicinamento alla politica e di sirene che lo stanno corteggiando. “Non mi stupisce che le attività dell’associazione Io sono una persona per bene, di cui mi onoro di essere Presidente, accendano gli entusiasmi e siano sempre più partecipate, in ogni parte di Italia. Il nostro è un progetto itinerante con cui intendiamo raccontare, promuovere e premiare uomini e donne di tutta Italia che quotidianamente contribuiscono al bene comune, nella convinzione che essere per bene è un vantaggio oltreché un’opportunità che ciascuno di noi ha. Mentre in passato quella di una mia possibile candidatura era una diceria, oggi - da persona per bene - sento che è una possibilità che non potrei negare”. È questo il commento del Presidente Pellerucci che ammette di essere stato sollecitato da talune forze politiche per scendere in campo e diffondere il suo modello di società popolata da persone per bene, in cui si ascoltino i bisogni di tutti coloro i quali hanno qualcosa di non violento da dire, con un gergo basato sul “porsi senza imporsi”. “Mi ritengo un moderato che accoglie idee e ideologie senza preclusione né pregiudizio. Trovo coerente l’idea di condividere un programma che sia in grado di dare voce a tutte quelle persone per bene che si riconoscono in un progetto basato ancor più che sull’inclusione, sulla coesione, perché l’inclusione presuppone chi c’è e chi non c’è, mentre la coesione implica a prescindere che siamo tutti parte di qualcosa”. Così chiosa Sauro Pellerucci, Founder di Pagine Sì! S.p.A. azienda leader nel settore del marketing e della comunicazione digitale a favore di PMI, Professionisti ed Enti Pubblici, con più di 55 sedi e 450 addetti attivi in tutta Italia. Opinionista, autore di editoriali e scrittore di romanzi e di saggi, Pellerucci da anni veicola tematiche inerenti alla responsabilità sociale d’impresa e alla sostenibilità declinata in chiave ambientale, politica ed economica. Nel 2015 ha istituito il Premio “Io Sono Una Persona Perbene”, attraverso il quale intende accendere un faro su quella “maggioranza silenziosa” di persone per bene che, senza troppi clamori e lontano dalle luci della ribalta, opera quotidianamente in tutti settori dell’economia e della società. Nel gennaio 2024 ha pubblicato un libro intitolato “Il mondo delle persone per bene” (Sì!Edizioni), un vero e proprio “manifesto del bene” che in controtendenza rispetto ad un’industria dell’informazione sempre più orientata a diffondere messaggi di pessimismo, sfiducia, odio e intolleranza, delinea il profilo di un’umanità migliore di quanto normalmente ci si racconti a vicenda. Contatti: https://www.ilmondodellepersoneperbene.it/  
Politica1 ora ago
Dal populismo al popolarismo, nasce il manifesto di...Si è svolto nella giornata di domenica 15 settembre a partire dalle ore 10.30 il convegno "Parliamo di popolarismo europeo...  
Ultima ora1 ora ago
Parma-Udinese 2-3, rimonta bianconera e primo posto in...I friulani comandano la Serie A con 10 punti L'Udinese vince 3-2 in rimonta a Parma e vola in testa...
Sport1 ora ago
Parma-Udinese 2-3, rimonta bianconera e primo posto in...I friulani comandano la Serie A con 10 punti L'Udinese vince 3-2 in rimonta a Parma e vola in testa...  
Ultima ora2 ore ago
Ramazzotti-Virzì, regista ritira querela. Il suo legale:...Legale dell'attrice: "Ritirerà querela se lui si attiverà in sede civile per i figli". La maxi lite avvenuta il 17...
Cronaca2 ore ago
Ramazzotti-Virzì, regista ritira querela. Il suo legale:...Legale dell'attrice: "Ritirerà querela se lui si attiverà in sede civile per i figli". La maxi lite avvenuta il 17...  
Ultima ora2 ore ago
M5S, diffida Grillo a Conte: “Nessun confronto su..."No consultazione su temi in contrasto con principi fondativi. Io interprete insindacabile dello statuto" si legge nella diffida visionata dall'Adnkronos...
Politica2 ore ago
M5S, diffida Grillo a Conte: “Nessun confronto su..."No consultazione su temi in contrasto con principi fondativi. Io interprete insindacabile dello statuto" si legge nella diffida visionata dall'Adnkronos...  
Ultima ora2 ore ago
Mangia biscotti ma dentro c’è un topo morto:...L'episodio a Francavilla Fontana, indagano i carabinieri Una coppia di Francavilla Fontana, in provincia di Brindisi, ha trovato in una...  
Cronaca3 ore ago
Palermo, Hryo promuove progetto compostaggio a CruillasContribuire all'ambiente e fare la differenza nel proprio quartiere guadagnandoci non solo in decoro urbano ma anche economicamente. È la...  
Tecnologia3 ore ago
Blanco e Geolier nella colonna sonora di EA Sports FC 25La soundtrack completa di EA Sports FC 25 è già disponibile su Spotify e altre piattaforme streaming Electronic Arts ha...  
Ultima ora3 ore ago
‘Emily in Paris 5’ si farà: confermato il...Lily Collins è pronta per tornare a Roma Netflix annuncia il rinnovo di 'Emily in Paris': la serie tv con...
Spettacolo3 ore ago
‘Emily in Paris 5’ si farà: confermato il...Lily Collins è pronta per tornare a Roma Netflix annuncia il rinnovo di 'Emily in Paris': la serie tv con...  
Ultima ora3 ore ago
‘Parthenope’, anteprime a mezzanotte per il...Dal 19 al 25 settembre in alcune città, da Roma a Palermo Paolo Sorrentino 'by night'. Dal 19 al 25...
Spettacolo3 ore ago
‘Parthenope’, anteprime a mezzanotte per il...Dal 19 al 25 settembre in alcune città, da Roma a Palermo Paolo Sorrentino 'by night'. Dal 19 al 25...  
Ultima ora3 ore ago
Lega, Salvini: “A Pontida grande mobilitazione per la...Su Open Arms: "Processo politico e da sinistra tentato attacco al governo" La manifestazione di Pontida, in calendario il 6...
Politica3 ore ago
Lega, Salvini: “A Pontida grande mobilitazione per la...Su Open Arms: "Processo politico e da sinistra tentato attacco al governo" La manifestazione di Pontida, in calendario il 6...  
Spettacolo3 ore ago
Rai: variazioni programmi tv di domaniQueste le variazioni Rai dei programmi tv di domani: RAI 1Nessuna variazioneRAI 210:00 TG2 Dossier (anziché TG2 Italia Europa)17:00 TELEFILM...  
Lavoro3 ore ago
Osteopati, imminente chiusura iter albo professionale:...La presidente del Roi Paola Sciomachen: "Categoria da anni porta avanti lavoro costantemente orientato a ricerca scientifica e aggiornamento professionale"...  
Spettacolo3 ore ago
Coppia Manni-Bolle apre stagione della Scala con...Dance Drama, dal profumo 'viscontiano' creato nel 1974 per il Balletto di Stoccarda da John Neumeier. La prima il 25...  
Salute e Benessere3 ore ago
Nuovo presidente Cda Fondazione Gemelli, prende quota...L'ex ministro dell'Economia del governo Draghi sembrerebbe il profilo giusto Prende quota il nome dell'ex ministro Daniele Franco come prossimo... |