Bank of Montreal signage is pictured in the financial district in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj
On an adjusted basis, BMO says it earned $2.59 per diluted share, down from an adjusted profit of $2.89 per diluted share in the same quarter last year.BMO shares were trading down $8.59, or 6.55 per cent, to $122.51 as of mid-morning on the Toronto Stock Exchange, despite raising its quarterly dividend by four cents to $1.55.
"You have the exogenous factor of Canadian insolvencies or proposals that have been and continue to be surprisingly higher than general expectation," said Agrawal. The bank's wealth management business earned $320 million, an increase from $240 million a year earlier. BMO's capital markets business earned $459 million, up from $370 million.
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Police have moved on pro-Palestinian protesters at the University of British Columbia campus in Vancouver, with video on social media showing lines of officers advancing on demonstrators rallying at a main intersection.A British Columbia man will be extradited to the United States, where he faces a possible life sentence if convicted of charges that he repeatedly sexually assaulted his stepdaughter, after losing his appeal of the extradition order Tuesday.
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