Bank of Montreal said on Tuesday it would continue to look for acquisitions after reporting quarterly results which beat analysts' expectations, benefiting from strength in its U.S. commercial banking business. The bank recently acquired General Electric Co's transportation finance business in the U.S. and Canada and agreed to buy advisory firm Greene Holcomb Fisher in June this year. It's so often driven by where opportunity arises," Chief Executive Officer Bill Downe told investors after the bank reported third-quarter results.
- The Wall Street Journal•2 days ago
Bank of Montreal posted a higher profit for its latest quarter, buttressed by cost-cutting efforts that helped it offset an increase in provisions against the prospect of souring energy loans.
Bank of Montreal (BMO.TO)
Toronto - Toronto Delayed Price. Currency in CAD
|Day's Range||86.21 - 86.62|
|52wk Range||68.15 - 86.82|
|1y Target Est||N/A|
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|Avg Vol (3m)||1,201,260|
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