The Financial Post reports in its Thursday edition that Bank of Montreal's stronger performance in its capital markets and wealth management divisions during the second quarter allowed it to top analysts' earnings expectations. The Post's Naimul Karim writes the lender's net income for the three months ending April 30 was $2.6-billion, up 34 per cent from the same period last year, resulting in net earnings per share of $3.53. Its adjusted net income -- which removes the impact of non-recurring items -- was $2.7-billion, up 34 per cent year-over-year, resulting in adjusted earnings per share of $3.67, which topped analysts' expectations of about $3.45 per share. "BMO reported earnings that were well ahead of expectations, but the composition of the beat may give some investors pause," John Aiken, an analyst at Jefferies Inc., said in a note on Wednesday. He said much of BMO's upside came from strong results in capital markets while its domestic retail underperformed. "While we do not believe that this will fully take away from BMO's perceived results, it does remove some of the lustre," he said. BMO also increased its dividend by four cents to $1.71 per share. Royal Bank, TD Bank and CIBC report Q2 results today.