Bank of Montreal Cuts 4% of Workforce in Shift to Mobile

The transcript discusses a bank's restructuring efforts, including a 4% workforce reduction to adapt to digital banking trends. It covers the bank's earnings, highlighting higher-than-expected soured loans but better-than-expected energy loan performance. The Canadian consumer is deemed sound, with credit losses falling. Upcoming reports from CIBC, TD Bank, and Royal Bank of Canada are expected to show similar trends, with TD benefiting from US exposure.

What percentage of the workforce is the bank looking to cut?

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How many positions does the bank expect to cut?

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What trend is the bank noticing in terms of banking services?

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What did Tom Flynn say about the Canadian consumer?

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Which banks are expected to report earnings tomorrow?

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