(Bloomberg) -- Bank of Montreal missed estimates as it once again put aside more money than analysts expected for potentially bad loans, with the provisions ...
-- Bank of Montreal missed estimates as it once again put aside more money than analysts expected for potentially bad loans, with the provisions dragging down its US operations.With Housing Costs High, Democrats Hone YIMBY Message
Bank of Montreal’s credit performance has been worse than many of its peers in Canada and the US even as consumers and businesses on both sides of the border have increasingly struggled to pay their bills amid an extended period of high interest rates. Tuesday’s miss comes after analysts had already adjusted their expectations for the bank following several previous quarters of higher-than-expected provisions.
Its US personal and commercial banking unit posted adjusted earnings of C$539 million, down 7% from the prior year, as higher credit loss provisions and a decrease in non-interest revenue were not enough to counter lower expenses.Kelly: Did Dolphins set Tua up to succeed with this offensive line? | Opinion
Emergency responders were scrambling on Tuesday to find out how many people remain missing after waters burst through a dam in eastern Sudan, resulting in the worst in a series of floods that have devastated a country already torn by 500 days of war. War-shattered Sudan is already suffering from the world's largest hunger and displacement crises, and the flooding has impeded aid delivery already disrupted by the conflict between the army and its rival, the paramilitary Rapid Support Forces.
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