Bank Of Montreal (FNGO) Asset Writedowns and Impairment (2021 - 2023)

Bank Of Montreal (FNGO) posted Asset Writedowns and Impairment of $756.0 million for Q2 2023, up 369.94% on a QoQ basis from $160.9 million in Q1 2023, and up 1815.12% year-over-year from $39.5 million in Q2 2022.

Bank Of Montreal (FNGO) has 3 years of Asset Writedowns and Impairment data on file, last reported at $756.0 million in Q2 2023.

  • In Q2 2023, Asset Writedowns and Impairment rose 1815.12% year-over-year to $756.0 million; the TTM figure through Apr 2023 stood at $1.1 billion (up 642.07% YoY), while the FY2025 annual figure was $128.3 million, up 573.95% from the prior year.
  • Asset Writedowns and Impairment advanced to $756.0 million in Q2 2023, from $160.9 million in the prior quarter.
  • Across five years, Asset Writedowns and Impairment topped out at $756.0 million in Q2 2023 and bottomed at -$100.2 million in Q4 2021.
  • A 3-year average of $110.6 million and a median of $47.7 million in 2021 frame the typical range for Asset Writedowns and Impairment.
  • Annual changes were most pronounced in 2022 — Asset Writedowns and Impairment tumbled 164.5% — and 2023, when it jumped 1815.12%.
  • Year by year, Asset Writedowns and Impairment stood at -$100.2 million in 2021, then soared by 205.51% to $105.7 million in 2022, then surged by 614.98% to $756.0 million in 2023.
  • The last three Asset Writedowns and Impairment figures came in at $756.0 million (Q2 2023), $160.9 million (Q1 2023), and $105.7 million (Q3 2022), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Canadian Imperial Bank Of Commerce 1,282,929,665.61 Bn 1,282,929,665.82 Bn -
2 Toronto Dominion Bank 928.05 Bn 749.34 Bn -
3 Hsbc Holdings 799.80 Bn 799.80 Bn -
4 Barclays 460.27 Bn 460.27 Bn -
5 Bank Of America 373.62 Bn -233.08 Bn 29.24 Bn
6 Bank Of Montreal 316.89 Bn 316.89 Bn -
7 Wells Fargo & Company 238.28 Bn 163.21 Bn -
8 Citigroup 235.82 Bn -1,949.18 Bn 19.85 Bn
9 Bank of New York Mellon 94.86 Bn 37.94 Bn -
10 Bank Of Montreal - - -

Historic Data

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DateValue
Apr 30, 2023 756.05 Mn
Apr 30, 2023 756.05 Mn
Jan 31, 2023 160.88 Mn
Jan 31, 2023 160.88 Mn
Jul 31, 2022 105.74 Mn
Jul 31, 2022 105.74 Mn
Apr 30, 2022 39.48 Mn
Apr 30, 2022 39.48 Mn
Jan 31, 2022 -78.22 Mn
Jan 31, 2022 -78.22 Mn
Oct 31, 2021 -100.23 Mn
Oct 31, 2021 -100.23 Mn
Jul 31, 2021 -56.98 Mn
Jul 31, 2021 -56.98 Mn
Apr 30, 2021 47.66 Mn
Apr 30, 2021 47.66 Mn
Jan 31, 2021 121.26 Mn
Jan 31, 2021 121.26 Mn