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Stock impact report

UPDATE 1-Bank of Montreal's quarterly earnings beat market forecasts [Reuters]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Company Research Source: Reuters
UPDATE 1-Bank of Montreal's quarterly earnings beat market forecasts | Reuters 1 Min Read (Adds details of results) TORONTO, Dec 4 (Reuters) - Bank of Montreal beat market forecasts on Tuesday with a 19 percent rise in fourth quarter earnings, helped by a strong performance at its retail and wealth management businesses. Canada’s fourth-biggest lender reported earnings, excluding one-off items, of C$2.32 per share in the quarter ending Oct. 31, ahead of the average analyst forecast of C$2.29, according to IBES data from Refinitiv. The bank reported net income, excluding one-off items, of C$1.53 billion ($1.16 billion) during the quarter, up 17 percent on the year before. BMO reported an 8 percent rise in net income at its Canadian retail business to C$676 million, driven by sales growth and setting aside less funds to cover bad loans. Net income at the bank’s wealth management business rose by 21 percent to C$229 million. Funds set aside to cover bad loans fell to C$175 million in tot Show less Read more
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