MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has released an update.
The Bank of Montreal showcased a significant improvement in its financial health, with the earnings coverage ratio for interest on subordinated indebtedness rising from 14.80 times in October 2023 to 19.41 times by April 2024. This reflects an increase in earnings before interest on subordinated indebtedness and income tax from $6,364.74 million to $8,695.64 million over the same period. These figures, derived from unaudited interim and audited financial statements, underscore the bank’s robust fiscal position over the past six months.
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