Bank of Montreal (Bank of Montreal) Credit Losses Provision : $1,401 Mil (As of Jan. 2024)

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What is Bank of Montreal Credit Losses Provision?

Bank of Montreal's credit losses provision for the three months ended in Jan. 2024 was $467 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jan. 2024 was $1,401 Mil.

Bank of Montreal's quarterly credit losses provision declined from Jul. 2023 ($372 Mil) to Oct. 2023 ($325 Mil) but then increased from Oct. 2023 ($325 Mil) to Jan. 2024 ($467 Mil).

Bank of Montreal's annual credit losses provision increased from Oct. 2021 ($16 Mil) to Oct. 2022 ($229 Mil) and increased from Oct. 2022 ($229 Mil) to Oct. 2023 ($1,074 Mil).

Bank of Montreal Credit Losses Provision Historical Data

The historical data trend for Bank of Montreal's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank of Montreal Credit Losses Provision Chart

Bank of Montreal Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Credit Losses Provision

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661.16

2,234.08

16.09

228.65

1,074.24

Bank of Montreal Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Credit Losses Provision	Get a 7-Day Free Trial															161.68	235.84	372.42	325.26	467.11

Bank of Montreal Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,401 Mil.

Bank of Montreal (Bank of Montreal) Business Description

Industry

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Address

129 rue Saint-Jacques, Montreal, QC, CAN, H2Y 1L6

Website

https://www.bmo.com

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets. The bank's operations are primarily in Canada, with a material portion also in the U.S.

Executives

Vinita Lee Piper

director

712 WILCREST, SUITE 3020, HOUSTON TX 77042