WRAPUP 1-Royal Bank of Canada, BMO profits halved amid billions of dollars in loan-loss provisions
Royal Bank of Canada and Bank of
Montreal on Wednesday reported disappointing quarterly
profits that more than halved from a year earlier as they set
aside billions of dollars to cover future loan losses driven by
the coronavirus pandemic.
Montreal on Wednesday reported disappointing quarterly
profits that more than halved from a year earlier as they set
aside billions of dollars to cover future loan losses driven by
the coronavirus pandemic.
Posted by Reuters
