The bank reported adjusted net income of C$2.04 billion ($1.50 billion), or C2.78 per share
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Bank of Montreal on Tuesday reported a decline in third-quarter profit as the Canadian lender set aside more rainy-day funds to cover potential losses from loan defaults.
The bank reported adjusted net income of C$2.04 billion ($1.50 billion), or C2.78 per share, in the three months ended July 31, compared with C$2.13 billion, or C3.09 apiece, a year earlier. ($1 = 1.3609 Canadian dollars) (Reporting by Pritam Biswas in Bengaluru; Editing by Shweta Agarwal)
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