Bank of Montreal disappointed analysts with its earnings as the company faced increased expenses related to the integration of Bank of the West and a drop in wealth-management income.
![BMO's disappointing earnings offset by raised dividends, signalling a focus on future growth. PHOTO:](https://krugmaninsights.com/wp-content/uploads/2023/12/1x-1-2-1024x683.webp)
In its fiscal fourth quarter, the Toronto-based lender reported adjusted earnings of C$2.81 per share, falling short of expectations. Non-interest expenses rose to C$5.7 billion, surpassing