Bank of Montreal (TSE:BMO) on Tuesday reported quarterly results which beat analysts' expectations, benefiting from strength in its commercial banking and capital markets businesses.
TORONTO — Severe stress in the oil and gas sector could prompt some Canadian banks to reduce their dividends, but that would be a last resort, according to analysts at Moody’s Investors Service.
Royal Bank of Canada (RBC) (TSE:RY) said on Thursday bad loans increased by C$583 million, or 19 percent, in the second quarter from the quarter before, largely due to a rise in credit to oil firms that had turned sour.
