Bank of Montreal (BMO) 2Q Net Doubles On Lower Loan Losses
Finance Wednesday, May 26th, 2010
TORONTO (Dow Jones)–Bank of Montreal (BMO) opened Canada’s bank earnings season with unexpectedly strong results from higher trading revenue, consumer lending and lower loan losses. Net income for the quarter ended April 30 rose to C$745 million or C$1.26 a share, from C$358 million or 61 Canadian cents a year earlier. Adjusted profit was C$1.28 [...]