Bank of Montreal's quarterly profit rose 41 percent, topping estimates, as wholesale banking income doubled and loan-loss provisions plunged.The company, Canada's fourth-largest bank and also a major presence in the U.S. Midwest, earned C$1.1 billion ($1.11 billion), or C$1.59 a share in the fourth quarter ended Oct 31. That compared with a year-before profit of C$768 million, or C$1.11 a share.On an adjusted basis, the bank earned C$1.65 a share. Analysts had expected a profit of C$1.43 a share, according to Thomson Reuters I/B/E/S.Wholesale banking income, which covers trading and investment banking, more than doubled to C$293 million as trading revenues improved from a weak quarter a year earlier.
Bank of Montreal (BMO Financial Group) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services. Shares of BMO remained unchanged at $59.74. In the past year, the shares have traded as low as $50.95 and as high as $60.99. On average, 393500 shares of BMO exchange hands on a given day and today's volume is recorded at 0.
Bank of Montreal (BMO Financial Group) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services. Shares of BMO remained unchanged at $59.29. In the past year, the shares have traded as low as $53.15 and as high as $61.29. On average, 1159550 shares of BMO.TO exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $27.83. In the past year, the shares have traded as low as $25.28 and as high as $30.66. On average, 839082 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $27.73. In the past year, the shares have traded as low as $26.10 and as high as $30.25. On average, 933498 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 0.
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