BMO stock falling tied to Q3 miss, credit loss provisions

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The BMO Financial Group (BMO), the subsidiary of the Bank of Montreal, reported a fiscal third quarter earnings miss on its top and bottom lines. The bank's stock are falling as third quarter credit loss provisions rose year-over-year.

Josh Lipton and Seana Smith review BMO's latest earnings results and why Jefferies analysts are downgrading the stock to Hold.

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This post was written by Luke Carberry Mogan.