The Globe and Mail reports in its Wednesday edition that BMO and Scotiabank's share prices jumped Tuesday after the lenders released results for the quarter ending July 31, with BMO stock closing up 4.7 per cent and Scotiabank gaining 6.9 per cent. The Globe's Andrew Willis and Dayne Patterson write that so far this year, domestic bank stocks have made a major contribution to the 13.9-per-cent rise in the S&P/TSX benchmark. BMO reported a $2.22-billion profit in the three months ended July 31, up 25 per cent from $1.87-billion in the same period a year ago. The bank's earnings per share rose 26 per cent to $3.14, compared with $2.48. The bank's adjusted net income, the measure of profit investors focus on, was $2.4-billion or $3.23 per share. That compared with $1.98-billion or $2.64 a year earlier. BMO's results beat analysts' consensus estimate of a $2.97 per share profit. Meanwhile, Scotiabank posted a $2.53-billion quarterly profit or $1.84 per share, compared with $1.91-billion or $1.41 in the same quarter last year. The bank's adjusted earnings per share were $1.88. "BNS reported one of the strongest quarters we've seen from the bank in a long time," said analyst Gabriel Dechaine at National Bank in a report.