MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has released an update.
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The Bank of Montreal has reported a significant increase in its earnings coverage ratio, with figures reaching 20.14 times the interest on subordinated indebtedness for the 12 months ending July 31, 2024, up from 14.80 times for the same period in the previous year. This improvement reflects the bank’s earnings before interest and taxes standing robust at $9,164.00 million for the latest 12-month period. The reported financials, which are based on unaudited interim statements, show the bank’s solid financial performance and are presented in compliance with current accounting practices.
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