UPDATE 3-Bank of Montreal profit drops on restructuring charge as it cuts 5% of workforce
Bank of Montreal reported a drop
in quarterly net profit on Tuesday, driven by severance costs as
it cut about 5% of its workforce, sending shares lower even as
earnings excluding the one-time item beat analyst estimates.
in quarterly net profit on Tuesday, driven by severance costs as
it cut about 5% of its workforce, sending shares lower even as
earnings excluding the one-time item beat analyst estimates.
Posted by Reuters
