BMO Financial Group: Falling profits in capital markets and higher expenses pulled net income at BMO Financial Group, the banks parent company, below Bay Street expectations, according to The Toronto Star, Canada. Net income was $1.07 billion for the three months ended Oct. 31. Thats a slight decline of $4 million from the year-earlier period and Investors are bracing for weaker-than-expected fourth-quarter earnings reports from Canadas Big Banks, after the Bank of Montreal kicked off the season with disappointing results on Tuesday. BMO, as the bank is known, reported revenue of $4.34 billion for the three months ended Oct. 31. Thats up from $4.14 billion for the year-earlier period.
(news.financializer.com). As
reported in the news.
Tagged under capital markets, Canadas Big Banks topics.