Bank of Montreal beat analysts’ estimates for quarterly profit on Wednesday, on higher interest income and lower credit-loss provisions offsetting rising expenses and lower wealth management and capital markets earnings.
Net income excluding one-off items rose to $2.19 billion, or $3.23, in the three months ended April 30, from $2.1 billion, or $3.13, a year earlier. Analysts had expected $3.21 a share, according to IBES data from Refinitiv. Canada’s fourth-largest lender reported overall net profit of $4.76 billion, or $7.13 a share, up from $1.3 billion, or $1.91, a year ago.
Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
Second article about a bank making record profits. And I can no longer afford the name brand cheese slices I prefer. Sounds fair.
No comments theJagmeetSingh ?!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion: Cash in the bank: Cutting through the noise on digital currenciesA token-based CBDC would respect privacy, create an environment for new forms of private money to grow and wouldn’t disrupt the functioning and stability of our financial system Legacy media including globe and mail is the noise...
Source: globeandmail - 🏆 5. / 92 Read more »
Bank of Nova Scotia’s second-quarter profit tops estimatesIn its latest quarter, Scotibank reported earnings per share excluding one-time items of $2.18. Analysts had been forecasting $1.96 per share
Source: globeandmail - 🏆 5. / 92 Read more »
Big bank earnings this week will offer clues to how businesses are weathering inflation | CBC NewsCanada's banks are gearing up to release their latest quarterly results amid a volatile backdrop and analysts are expecting tempered results as they navigate soaring inflation, rising interest rates, housing risks and a stock market sell-off. I will take a wild guess. 🤔 Record profits for the banks again? Bitcoin fixes this if u want the world economy to soar get rid of banks let the governments set criteria so that it costs less to live and inovate
Source: CBCNews - 🏆 2. / 99 Read more »
Bank of Nova Scotia’s second-quarter profit tops estimatesIn its latest quarter, Scotibank reported earnings per share excluding one-time items of $2.18. Analysts had been forecasting $1.96 per share
Source: globeandmail - 🏆 5. / 92 Read more »
Solid second quarter expected for big banks, but will it be the calm before the economic storm?Solid second quarter expected for big banks, but will it be the calm before the economic storm? — via financialpost Finance Banking
Source: VancouverSun - 🏆 49. / 61 Read more »