Previous close | 12.50 |
Open | 6.70 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 100.00 |
Expiry date | 2024-06-21 |
Day's range | 6.70 - 12.50 |
Contract range | N/A |
Volume | |
Open interest | N/A |
(Bloomberg) -- When Archegos Capital Management approached Bank of Montreal about becoming a trading counterparty in 2020, the Canadian bank at first said no.Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarWarning Signals Are Flashing for Homeowners in Texas and Florida‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 KilometersInsurers Sink as UnitedHealth Sees ‘Disturbance’ in MedicaidOne
Bank of Montreal (BMO) delivered earnings and revenue surprises of -4.98% and 1.33%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock?
(Reuters) -Bank of Montreal on Wednesday reported weaker-than-expected quarterly profit, hurt by higher loan loss provisions, and it warned that fewer central bank interest rate cuts could continue to pressure consumers and businesses. The Canadian lender's shares were down nearly 8% and on track for their worst day in over four years. That environment hurt the U.S. segment's net interest income, or the difference between what a bank earns on loans and pays out for deposits.