UPDATE 1-Bank of Montreal profit falls, loan-loss provisions rise

May 25, 2016 11:29 AM

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TORONTO May 25 Bank of Montreal on Wednesday reported a slightly lower-than-expected quarterly profit and set aside more funds to cover losses on bad loans.

BMO, Canada's fourth-biggest bank, said net income for the second quarter ended on April 30 fell 3 percent to C$973 million ($742 million), or C$1.45 per share, from a year earlier.

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