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

May 25, 2016 11:29 AM

27 0

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.

Also read: Credit Suisse prevails in lawsuit seeking $300 million for brokers: U.S. judge

Read more

To category page