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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]

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Category: companyNews

Topics: Montreal, profit, workforce, costs, drops, UPDATE, 4-Bank, reported, drop in, items, expectations, one-time, earnings excluding, fourth-quarter, driven, severance costs


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