Why Bank of Montreal Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In...

Published on 29 May 2024 on Benzinga

Why Bank of Montreal Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In...

Shares of Bank of Montreal BMO fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter financial results.

Bank of Montreal posted quarterly adjusted earnings of C$2.59 per share, missing market estimates of C$2.77 per share. The company's quarterly sales came in at C$7.988 billion missing expectations of C$8.046 billion, according to data from Benzinga Pro.

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