BMO tops estimates as traders reap benefit of market volatility - BNN Bloomberg

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BMO Financial reported a first-quarter profit of $247 million, down from $2.93 billion in the same quarter a year earlier, as it took a one-time charge related to its acquisition of Bank of the West.

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Yet another weak quarter. They bought Bank of the west at a very wring time just before thew interest rates began to climb and forgot to hedge their rate exposure.

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