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this is well within the level that is manageable for National from a capital perspective," he said in a client note. "We view National Bank's announcement similarly to Bank of Montreal's: although charges are never a positive, the amount was not as negative as some had speculated and with an actual amount now in the public domain, it should relieve some valuation pressure...
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"We view National Bank's announcement similarly to Bank of Montreal's: although charges are never a positive, the amount was not as negative as some had speculated and with an actual amount now in the public domain, it should relieve some valuation pressure."
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