While CIBC may have taken the crown this earnings cycle in terms of the most positive investor response to fourth quarter results, Bank of Montreal (TSX: BMO) came in at a close second.
The equity ended the day up just over 4% following the release of the results, a result of the company announcing a large buyback program alongside a dividend hike, despite coming in shy of some analyst estimates.
We’ve nearly wrapped up our earnings coverage of the Canadian big six banks. Lets dive in!
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
