Credit RiskThe PCL ratio was at 91 basis points, significantly exceeding the expected 60 basis points.
EarningsBMO reported Q4 results with EPS below estimates due to higher provisions for credit losses, which were significantly above forecasted levels.
Financial PerformanceCapital Markets: Adjusted pre-tax, pre-provision profit came in at $539 million, down 10.6% year over year, below estimates due to lower revenue and higher expenses.