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]
Publication Date:Origin: reuters.com
Category: companyNews
Topics: workforce, profit, Montreal, expectations, items, one-time, earnings excluding, severance costs, driven, fourth-quarter, drop in, reported, costs, drops, 4-Bank, UPDATE