Tag Archives: BMO

Canada’s Bank of Montreal on Tuesday reported quarterly profit below analysts’ estimates, its sixth miss in a row, hurt by weakness in its U.S. retail segment and as the lender made bigger than expected provisions for potential bad loans. Meanwhile, peer Bank of Nova Scotia, Canada’s fourth largest bank by …

BMO Financial Group has signed a deal to acquire the Air Miles loyalty rewards program from LoyaltyOne Co. Financial terms of the agreement were not immediately available. Air Miles president Shawn Stewart says the deal will have no impact on collectors’ reward miles balances or on their ability to collect …

Earnings week for Canada’s biggest banks saw the country’s major lenders move in lockstep ahead of a projected economic downturn, with each putting more money away for a possible rise in credit losses. Experts say the more expensive cost of borrowing in Canada and the possibility of job losses could …

Canadian bank stocks have been riding a wave of investor optimism so far this year, but analysts say the first-quarter results that start arriving later this week will be a reminder of the mixed economic picture ahead. On the positive side are the signs of easing inflation and job reports …