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Bullboard - Stock Discussion Forum Bank of Montreal T.BMO

Alternate Symbol(s):  FNGO | T.BMO.P.E | T.BMO.P.F | N.BGDV | T.BMO.P.S | N.ZUEA | FNGU | CARD | T.BMO.P.T | N.ZEBA | T.BMO.P.W | N.ZOCT | NRGU | CARU | T.BMO.P.Y | BMOLF | BMO | FNGD

Financial Services
Bank of Montreal (BMO) is a Canada-based company, which offers a wide range of personal banking services. The Company is engaged in providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to customers across Canada, the United States, and in select markets globally. The Company offers services, such as bank... see more

TSX:BMO - Post Discussion

Bank of Montreal > New Press Release - BMO Financial Group Reports First Quarter 2024 Results
View:
Comment by MrDales62 on Feb 27, 2024 8:32am
Wow, almost tripled Provision for credit losses (PCL) of $627 million, compared with $217 million stormy seas ahead?
Comment by Dibah420 on Feb 27, 2024 10:38am
PCL is just what it says, a  PROVISION.  And not a loss. When reporting a poor Q nimble CFOs are tempted to magnify PCl.  Come back again in a couple of Qs when they cut it and it is reported as a REAL profit.  Just in time for the Xmas bonuses.
Bank of Montreal