Bank of Montreal Q1 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Thanks, Pat, for your thoroughness in the explanation of this quarter's credit trend. But one of the frequent pushbacks I get from investors on -- the bank's growth in the past few years in the commercial book is 15% type growth. It's good on one hand, but the worry is about the credit quality down the road. What kind of confidence do you have or that what we see this quarter, described as idiosyncratic losses or one-offs or whatever, won't start popping up a year or so from now, following this strong period of commercial growth we've had in the bank, both in Canada and the U.S.? And if Dave or Cam want to pipe in, that's great, too. without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. FEBRUARY 25, 2020 / 1:15PM, BMO.TO - Q1 2020 Bank of Montreal Earnings Call

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : I look forward to that. I think there's a lot of people wondering how -- when most, if not all, banks are finding it hard to grow, but you're doing so and improving credit quality at the same time.