Bank of Montreal N.ZEBA

Primary Symbol: T.BMO Alternate Symbol(s): BMO | T.BMO.PR.W | T.BMO.PR.Y | FNGO | T.BMO.PR.E | FNGD | FNGU | CARD | CARU | N.ZUEA | N.ZOCT | N.BGDV

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 accounts, credit cards, mortgages, loans, investments, creditor insurance, and travel insurance. The Company’s segments include P&C, U.S. P&C, Total P&C, BMO Wealth Management, BMO Capital Markets, and Corporate Services. Its bank accounts include checking accounts, and savings accounts. Its credit card services include no fee, low interest, cash back, BMO Rewards, AIR MILES, travel, and lifestyle. Its credit cards include BMO eclipse Visa Infinite Card, BMO Ascend World Elite Mastercard, BMO eclipse Visa Infinite Privilege Card, BMO Preferred Rate Mastercard and BMO CashBack Mastercard.

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Bank of Montreal > New Press Release - BMO Financial Group Reports First Quarter 2024 Results

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Comment by Dibah420on Feb 27, 2024 10:38am

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RE:RE:New Press Release - BMO Financial Group Reports First Quarter 2024 Results

MrDales62 wrote: Wow, almost tripled

Provision for credit losses (PCL) of $627 million, compared with $217 million

stormy seas ahead?

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.

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