Reported about 9 hours ago
The Bank of Montreal reported stronger-than-expected earnings in its fiscal first quarter, posting C$3.04 per share, surpassing analyst estimates of C$2.42, driven by a robust capital-markets business and lower provisions for loan losses. The bank's adjusted net income from capital markets rose 45% to C$591 million, while credit loss provisions fell below expectations, leading to the initiation of a share-buyback program by CEO Darryl White.
Source: YAHOO