WRAPUP 2-Canada’s RBC, BMO offer subdued outlook, miss profit estimates as bad loan provisions surge
Royal Bank of Canada and
Bank of Montreal on Wednesday offered subdued outlooks
after missing quarterly earnings expectations as they increased
provisions more than six-fold to cover future loan losses due to
the COVID-19 outbreak.
Bank of Montreal on Wednesday offered subdued outlooks
after missing quarterly earnings expectations as they increased
provisions more than six-fold to cover future loan losses due to
the COVID-19 outbreak.
Posted by Reuters
