Post by PressRelease on Feb 27, 2024 6:00am
New Press Release - BMO Financial Group Reports First Quarter 2024 Results
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.