Bank of Montreal News
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5 min ago | CTV
The Toronto stock market was lower Wednesday afternoon as the initial run of earnings from the big Canadian banks failed to impress and persuaded investors to take some profits from a sharp runup in banks and insurers this year.
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4 hrs ago | Seeking Alpha
The Bank of Montreal was the first Canadian bank to report Q4/13 results and the bank easily beat analysts' EPS estimate of $1.58.
5 hrs ago | Seeking Alpha
Focusing on expenses in a slow growth environment, Bank of Montreal cut about 997 full-time jobs , or 2.1% of its workforce since July 31. Speaking on the earnings call, COO Frank Techar says the quick paring isn't necessarily reflective of what to expect going forward.
Hello and welcome to montrealgazette.com and welcome to Midday. Here's the rundown on some of the stories we're following for you today.
Baja Mining Corp. . Miner. Down a penny, or 66.67 per cent, at half a cent on 36.30 million shares.
Auto sales in November surged and Chrysler sales climbed 16% and Ford sales jumped 7%.
Bank of Montreal reached a $200,000 settlement with Optionable Inc. over claims the brokerage helped conceal large losses caused by one of the bank's natural-gas options traders.
Bank of Montreal , Canada 's fourth-largest lender by assets, fell the most in two years after profit excluding an accounting gain missed analysts' estimates.
The Toronto stock market headed lower late morning Monday, held back primarily by the financials group even as Bank of Montreal announced a dividend increase and posted earnings that beat expectations.
A growing number of Canadian businesses are betting against BlackBerry as they consider how to spend their future technology budgets.
The Canadian dollar was trading near a two-year low at midday Monday as it felt the impact of lower prices for key commodities, particularly gold and crude oil.
Consulting firm Bain & Co. has subleased 56,000 square feet of its space at the Thomson Reuters building at 3 Times Square to Canadian bank Bank of Montreal.
But unlike TD Bank , and some of its other Canadian peers, Bank of Montreal is expected to see earnings drop slightly from year-ago levels.
TorQuest Partners and investors affiliated with Silverhawk Capital Partners , GoldPoint Partners and the Bank of Montreal , have announced a recapitalization of Kissner Milling Company , a manufacturer and distributor of bulk rock salt and ice melt products.
Optionable Inc. former Chief Executive Officer Kevin Cassidy , sentenced to 30 months in prison for fraud, said Bank of Montreal 's lawsuit against him over the fraud should be dropped permanently.