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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
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Emerging Markets
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Credit
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBMO (BMO: A2/A-/AA-): 2Q24 Results
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.
- CET1 13.1% vs 12.2% yoy and 12.9% expected.
- Provision for credit losses $705m compared with $318m adjusted
- Adj Net Income $2,033m vs $2,186m Q2-23 but up on Q1’s $1,893m
- Revenue increased to $7,974m driven by a growth in non-interest income
- Net Interest Income $4,515m a drop from $4,721m 1Q24
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.