Canada's Bank of Montreal (BMO) missed estimates for its third-quarter results Tuesday, as profits declined across a number of the bank's divisions and it nearly doubled 澳洲幸运5官方开奖结果体彩网:provisions for credit losses (PCL) compared to last year.

BMO posted 1.87 billion 澳洲幸运5官方开奖结果体彩网:Canadian dollars ($1.39 billion) in 澳洲幸运5官方开奖结果体彩网:net income, short of analyst estimates compiled by Visible Alpha, on C$8.19 billion in 澳洲幸运5官方开奖结果体彩网:total revenue. The bank reported C$4.79 billion in 澳洲幸运5官方开奖结果体彩网:net interest income (NII), narrowly below estimates, while PCL rose to C$906 million, compared to C$496 million in the same period last year.

Profit Declines Across Several Segments

Profits declined across a number of BMO's segments, including personal and commercial banking in the U.S. and Canada, along with the bank's wealth management business. Those declines were offset by improved results in BMO's global markets and investment-related activities, thanks to "higher trading, underwriting and advisory, and corporate banking-related revenue, as well as lower expenses and a higher provision for credit losses."

Despite the lower overall revenue, the bank managed to increase its profits year-over-year, which CEO Darryl White said reflects the bank's "good cost discipline and the sustained strength of our operating performance."

Bank of Montreal shares were down 5.5% at $83.93 in early trading Tuesday following the company's earnings release, and have lost about 15% of their value since the start of the year.