UPDATE 4-Bank of Montreal profit drops on costs to cut 5% of workforce

Bank of Montreal reported a drop in fourth-quarter net profit on Tuesday, driven by severance costs to cut about 5% of its workforce, even as earnings excluding the one-time items beat expectations. [Source]

Origin: reuters.com

Category: companyNews

Topics: profit, workforce, montreal, reported, bank

Source Link: http://feeds.reuters.com/~r/reuters/companyNews/~3/kAHHHwxLD8w/update-4-bank-of-montreal-profit-drops-on-costs-to-cut-5-of-workforce-idUSL4N28D2HD