BMO tops expectations despite higher loan loss provisions
News Source : Financial Post
News Summary
- Bank of Montreal topped estimates as net interest income came in higher than expected
- The company set aside more money than forecast to cover possibly bad loans
- Bank of Montreal hiked its quarterly dividend by four Canadian cents to $1
- 63 per common share
- National Bank of Canada also reported second-quarter results Wednesday
Bank of Montreal topped estimates as net interest income came in higher than expected even as the company set aside more money than forecast to cover possibly bad loans, highlighting growing concern [+4093 chars]
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