Likely BMO swan song shows trucking credit strengthening

BMO released third-quarter earnings on Tuesday that may represent the final quarterly report before its transportation unit transfers to private equity firm Stonepeak. The bank announced plans to divest the unit in May, with the transaction expected to close before year-end. The next earnings release is scheduled for December 2.
Key credit metrics signaled improvement in the trucking lending environment. Provisions for credit losses declined substantially to $15 million from $41 million in the