Bank Of Montreal (TSE:BMO) has released an update.
Bank of Montreal has reported a robust increase in its earnings coverage ratio, which measures the bank’s earnings before interest and taxes against its interest on subordinated debt. The ratio rose from 14.80 times in October 2023 to 20.14 times by the end of July 2024, signaling stronger financial health and ability to cover debt obligations. These figures are based on unaudited financial statements and showcase a marked improvement in the Bank’s financial performance over the period.
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