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BMO Q2 2009 Earnings
RBC Capital Markets, Andre-Philippe Hardy, 27 May 2009Q2/09 results exceeded our low expectations, led by lower than expected loan losses and taxes. Capital ratios were higher than estimated and core pre-tax, pre-provision profitability was in line with our normalized estimates for 2010.• Forgetting expectations, results reflect a difficult environment, with a core ROE of 12.3% and reported EPS
bmo auto insurance - News
Ottawa scuttles online insurance marketing by banks
Royal Bank of Canada RY-T has spent millions building insurance offices, a strategy that Bank of Nova Scotia BNS-T is now testing. Bank of Montreal BMO-T and more »
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Bankers prepare to battle
The banks only hold about 5.8 per cent of the life insurance market, 8.9 per cent of the personal property market, and 11.1 per cent of the auto insurance and more »
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Tech Stocks Heading for the Rocks?
The answer could come today, when several companies in the health insurance sector reporting earnings. Among the firms under the microscope: Universal
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McGuinty pressed against fiscal ropes
But not surprising, their economy is also about the worst in Canada," says Robert Kavcic, an economist with BMO Capital Markets in Toronto. and more »
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AIG Dismantled By Non-US Buyers as Dollar Falls Takeovers in the US insurance industry by buyers outside the country total $4 billion this year through yesterday, representing 86 percent of the purchases |