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BMO (BMO: A2/A-/AA-): 2Q24 Results

CREDIT RESEARCH

Disappointing earnings following on from a poor 1Q24.

Credit Quality saw a deterioration of $415m due to higher provisioning costs across all segments, reflecting higher interest rate environment. The adjusted number for comparison makes allowance for the Bank of the West acquisition.

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Disappointing earnings following on from a poor 1Q24.

Credit Quality saw a deterioration of $415m due to higher provisioning costs across all segments, reflecting higher interest rate environment. The adjusted number for comparison makes allowance for the Bank of the West acquisition.

Keep reading...Show less