Bank of Montreal 1998 Annual Report Download - page 2

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Net Income up 3.5%
989796959493929190
NET INCOME ($ millions)
1,305
1,168
986
825
709
640
595
522
1,350
989796959493929190
FULLY DILUTED EARNINGS
PER SHARE ($)
4.62
4.13
3.38
2.97
2.55
2.36
2.31
2.10
4.66
989796959493929190
RETURN ON COMMON
SHAREHOLDERS’ EQUITY (%)
17.1
17.0
15.4
14.9
14.1
14.1
15.0
14.6 15.2
989796959493929190
TOTAL RETURN
TO SHAREHOLDERS
($ billions)
1.2
(0.4)
2.8
4.0 4.2
5.8
8.8
14.6
15.9
ROE OBJECTIVE (15–17%)
ROE at 15.2%
Shareholder Value up $1.3 billion
EPS of $4.66
2 Chairman’s Message
5 A Different World
13 President’s Message
17 Performance at a Glance
20 Management Analysis of Operations
68 Consolidated Financial Statements
92 Glossary
93 Corporate Governance
97 Shareholder Information
PERFORMANCE FOR 1998