A summary of how banks fared in the second quarter
BMO Wealth Management reported net income up 3% from a year ago
The global banking and markets arm saw a 6% year-over-year decline in profit
The Greystone acquisition led to a bump in AUM
Retail banking losses were offset by wealth management gains
Banks, financial services and real estate have strong fundamentals
Expect tepid performance, but don’t believe the U.S. hedge funds
OSFI also released the final version of disclosure requirements for banks' NSFR ratios
Will investment management fundamentally change?
The bank is the latest to compete for the coveted market segment