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On August 27, 2024, BoM reported its financial results for the third quarter of 2024, reporting adjusted earnings per share of C$2.64 (US$1.96), which missed consensus estimates for the third consecutive quarter. The Company also increased its provision for credit losses to C$906 million, compared to C$492 million for the same period in the prior year. In response, Jefferies downgraded BoM's stock to Hold from Buy. On this news, BoM's stock price fell over 6% to close at $83.30 per share on August 27, 2024.
In order to be eligible to join the BMO class action lawsuit, you must have incurred a loss on shares of BoM purchased during the class period listed above.
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