Capital MarketsCapital Markets: Adj. PTPP came in at $539M (-10.6% y/y), below estimates due to lower revenue and higher expenses.
EarningsBMO reported adjusted cash EPS of $1.90, which was below the expectations of $2.38, primarily due to higher provisions for credit losses.
Financial PerformanceThe Canadian Personal and Commercial Banking segment showed adjusted pre-tax, pre-provision profit growth of 6% year over year, which was below estimates due to higher-than-expected provisions for credit losses.