Canadian banks face higher loan losses, lower earnings after recent growth in energy lending [Financial Post (Toronto, Ontario, Canada)]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
bmo.com/main/about-bmo/banking/investor-relations/home
Company Research
Source: Financial Post
Canadian banks face higher loan losses, lower earnings after recent growth in energy lending Banks' energy-related credit-loss provisions have climbed to the highest levels since 2016, while loan losses hit the highest in over two years in late 2019 TORONTO — Canadian banks boosted oil and gas lending at about double the rate of total business loan growth over the past three quarters, raising the spectre of higher loan losses after Monday’s oil price crash. Energy lending has picked up at Canada’s top banks even as bad loans and provisions for losses from the sector climbed, an analysis of company data by Edward Jones and Reuters shows. Oil prices rebounded nearly 8 per cent on Tuesday, following Monday’s slide of more than 20 per cent on fears of a price war after Saudi Arabia and Russia said over the weekend they would raise oil production. Technical analysts said prices may be consolidating in a lower range. “The developments (over the) weekend … are certainly negative for any bank
Show less
Read more
Impact Snapshot
Event Time:
BMO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BMO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BMO alerts
High impacting Bank Of Montreal news events
Weekly update
A roundup of the hottest topics
BMO
News
- Dividend 15 Split Corp. II Monthly Dividend Declaration for Class A & Preferred Share [Yahoo! Finance]Yahoo! Finance
- Wednesday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- KeyBank expands commercial banking to Chicago and Southern California [Yahoo! Finance]Yahoo! Finance
- Traders trim bets on big Canada rate cut after inflation uptick [BNN Bloomberg (Canada)]BNN Bloomberg
- Bus maker Lion Electric mulls sale of the company amid cash woes [Yahoo! Finance Canada]Yahoo! Finance Canada
BMO
Earnings
- 8/27/24 - Beat
BMO
Sec Filings
- 11/21/24 - Form 424B2
- 11/21/24 - Form FWP
- 11/21/24 - Form FWP
- BMO's page on the SEC website