BMO posts big miss on earnings expectations as bad loans weigh

  • 📰 SooToday
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 85%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

TORONTO — BMO Financial Group significantly missed analyst earnings expectations as the money it set aside for potential loan losses jumped. The bank on Thursday reported a fourth-quarter profit of $2.30 billion, up from last year thanks to a $1.

TORONTO — BMO Financial Group significantly missed analyst earnings expectations as the money it set aside for potential loan losses jumped.

The earnings drop came as its provisions for credit losses surged to $1.52 billion from $446 million a year earlier. The shaky loans helped lead to adjusted earnings of $1.90 per diluted share in its latest quarter, down from an adjusted profit of $2.93 per diluted share a year ago.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 8. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين