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BMO, Scotiabank miss profit estimates as bad loan provisions, costs rise

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reuters.com/business/finance/bank-montreals-quarterly-profit-falls-higher-bad-loan-provisions-2023-08-29

A sign for the Bank of Montreal in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio Acquire Licensing Rights
Aug 29 (Reuters) - Bank of Montreal (BMO.TO) and Bank of Nova Scotia (BNS.TO), Canada's third and fourth largest banks, missed analysts' estimates for quarterly profit on Tuesday as they set aside more funds to cover for bad loans.
The results come as…

This story from reuters.com was posted on 2023-08-30 by @daydreamr.

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