EarningsBMO reported adjusted cash EPS of $1.90, which was below the expectations of $2.38, primarily due to higher provisions for credit losses.
Financial PerformanceThe PCL ratio at 91 basis points was significantly above forecasted levels, indicating higher provisions for credit losses.
Revenue And ExpensesCapital Markets segment reported adjusted pre-tax, pre-provision profit of $539 million, which was below estimates due to lower revenue and higher expenses.