BMO Misses Estimates as Loan-Loss Provisions Far Exceed Forecast

BMO Misses Estimates as Loan-Loss Provisions Far Exceed Forecast

Bank of Montreal fell short of estimates due to higher-than-expected provisions for loan losses. The bank reported earnings of C$1.90 per share, missing analyst expectations. CEO expects credit provisions to improve by 2025. Other Canadian banks showed mixed results in provisions.

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