​BMO misses Q3 expectations as capital markets earnings sink 53% - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Bank of Montreal closed out earnings season for the Big Six with a profit miss as the lender set aside more funds for loans that could sour and saw earnings in its capital markets division tumble.

BMO said its net income in the three-month period that ended July 31 fell 40 per cent to $1.37 billion from $2.28 billion a year earlier. The sharp decline was due in part to costs associated with BMO's planned US$16.3-billion takeover of Bank of the West, including a $694-million hit caused by the change in interest rates since the deal was announced in December, the bank said in its release Tuesday.On an adjusted basis, BMO said it earned $3.09 per share in its latest quarter.

“Aside from a challenging quarter in capital markets, which drove the bank's modest [earnings] miss versus consensus, at first look a solid third-quarter result with all other operating segments performing well. While the headline [earnings] miss could drive some share price underperformance today, we continue to favor BMO's medium-term outlook relative to peers,” stated Mike Rizvanovic, an analyst at Keefe, Bruyette & Woods, in a note to clients Tuesday.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 83. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Economic gloom, market woes cast pall on Canadian bank earnings - BNN BloombergA slump in capital-markets activity and expectations that the economy may take a turn for the worse are casting a pall over a Canadian bank earnings season that showed the lenders’ core businesses in otherwise solid shape. higher rates will result in a protracted downturn
ソース: BNNBloomberg - 🏆 83. / 50 続きを読む »