BMO Q4 2008 Earnings

TD Securities, 26 November 2008EventYesterday BMO reported core cash FD-EPS of C$1.00 (including C$0.19 increase in General Allowances) versus TD estimate at C$1.10 and consensus of C$1.07.ImpactSlightly Positive. BMO delivered a decent bottom-line number (relative to recent fears) with a steady result in its domestic P&C operations, but was helped by lower taxes and strong trading results