Scotiabank topped profit estimates last quarter while BMO missed. Here's why - National | Globalnews.ca

By Global News | Aug 27, 2024 at 08:32 AM EST

The Bank of Montreal reported lower-than-expected quarterly profit due to weak U.S. retail performance and higher bad loan provisions. Meanwhile, Bank of Nova Scotia exceeded profit expectations, driven by strong growth in various markets. Both Canadian banks are expanding in the U.S.

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