Strong credit climate spurs 30% profit gain for BMO

Article Abstract:

Bank of Montreal achieved a 30 percent increase in annual profit in the year 2004, which was the result of a highly favorable credit cycle. However, loan-loss recoveries and reversals have helped to offset a range of serious challenges, including the slowdown in equity markets, thinning trading revenues and the continued pressure on retail profit margins.

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RBC cracks $3-billion profit: BMO annual black ink jumps 29 per cent

Article Abstract:

Royal Bank of Canada, Canada's largest bank, has reported a profit of $3-billion for the year 2003. The results of Bank of Montreal post an even more impressive jump and show the earning power of the country's big banks as it collected $3.44-billion for the year 2003.

Royal Bank of Canada

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