BMO profit beats expectations on strong retail banking – The Globe and Mail + MORE Aug 23rd

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The Globe and MailBMO profit beats expectations on strong retail bankingThe Globe and MailBank of Montreal reported a 3 per cent increase in quarterly earnings, ahead of market expectations, on strength in its retail and commercial banking and capital markets businesses. The bank, Canada's fourth-largest, said on Tuesday its earnings per …Retirees: Give Yourself a Raise With These 3 Preferred SharesThe Motley Fool CanadaBMO beats expectations as profit climbs to $1.25 billion, but more money set aside for bad loansFinancial PostBank of Montreal Profit Tops Estimates as U.S. Banking GainsBloombergDigital Journal -Toronto Star -RTT News -Reutersall 41 news articles »

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GENEVA – Swiss prosecutors say they’ve charged three people accused of illegally obtaining data on at least 133,600 credit cards with computer fraud following their extradition from Thailand.
The Swiss attorney general’s office said Tuesday that the group for years earned a living from the unlawful procurement and fraudulent online use of credit card data. It said that “credit card holders around the world and Swiss financial institutions” were affected.
The three allegedly obtained the data through so-called phishing attacks, using emails, websites and text messages.
Prosecutors say they operated from October 2009 until they were arrested in 2014 and 2015 in Bangkok. They were then extradited to Switzerland, where they are currently in pretrial custody.
The Swiss say it’s the first indictment in the country in a global phishing case.
The post Swiss charge 3 suspects in global phishing case appeared first on Canadian Business – Your Source For Business News.

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TORONTO – The Bank of Montreal saw its third-quarter profit grow four per cent to $1.25 billion even as it set aside more money for bad loans.
Last year, BMO reported net income of $1.19 billion during the third quarter.
On a per share basis, the earnings amounted to $1.86, compared with $1.80 per share during the same period last year.
The bank raked in $5.63 billion in revenue during the quarter, up from $4.83 billion a year ago.
After adjustments, BMO had a quarterly profit of $1.30 billion, or $1.94 per share, compared with $1.23 billion, or $1.86 per share, a year ago.
Provisions for credit losses climbed to $257 million during the quarter, up from $160 million during the same quarter last year.
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The post BMO’s Q3 profit climbs to $1.25 billion; more money set aside for bad loans appeared first on Canadian Business – Your Source For Business News.

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A look at overnight markets and what's ahead this trading day in North America

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