Reported about 2 months ago
The Bank of Montreal's shares fell 6.9% after the bank reported lower-than-expected earnings and higher provisions for credit losses linked to its commercial loans. BMO's adjusted profit of C$2.64 per share missed analysts' estimates and the bank anticipates ongoing challenges in credit performance due to exposure in sectors like commercial real estate and manufacturing. Analysts are concerned that these issues will continue to negatively impact the bank's earnings.
Source: YAHOO