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cial Group (TSX:BMO) launched the third-quarter earning season of the Canadian banking industry with disappointing results that included a 21 per cent decline in net income, higher provisions for bad loans increased and a share buyback plan.

The bank said its net income was $521 million, or 98 cents per share on a diluted basis and compared with the Canadian bank's profit of $660 million or $1.28 a share a year earlier.

BMO Financial Group (TSX:BMO) launched the third-quarter earning season of the Canadian banking industry with disappointing results that included a 21 per cent decline in net income, higher provisions for bad loans increased and a share buyback plan.

The bank said its net income was $521 million, or 98 cents per share on a diluted basis and compared with the Canadian bank's profit of $660 million or $1.28 a share a year