Bank of Nova Scotia and Bank of Montreal report surging profits as lending drives stronger banking revenue

https://www.theglobeandmail.com/business/article-bank-of-montreal-tops-quarterly-profit-expectations-on-strong-retail/

Bank of Nova Scotia BNS-T -1.05%decrease and Bank of Montreal BMO- T -0.04%decrease reported rising first-quarter profits as the pace of lending to businesses and consumers picks up in Canada and abroad, driving stronger retail banking revenue.