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Stock impact report

S&P/TSX composite gains more than 100 points amid bank earnings, U.S. markets rise [Advisor.ca (Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Company Research Source: Advisor.ca
Canada's main stock index gained ground on Wednesday as investors sifted through earnings from the country's largest leaders, while U.S. markets also rose. Royal Bank of Canada shares gained 1.12% on the day after handily beating analyst expectations with fourth-quarter results that showed rising profits across most divisions. National Bank of Canada lost 1.59% after it reported higher fourth-quarter profit and announced Tuesday that it was buying Laurentian Bank's retail and small business segments “RBC and National Bank reported Q4 year-end results, and similar to Bank of Nova Scotia yesterday, RBC and National beat consensus on strong capital markets and wealth management performance,” said Ian Chong, portfolio manager for First Avenue Investment Counsel Inc. He added that National Bank isn't trading as well as its peers due to provisions for credit losses that came in higher than expected. Scotiabank reported a rise in profits that beat analyst expectations on Tuesday. Ba Show less Read more
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