Capital City Bank Group, Inc. shares rise 1.57% intraday as Bank of Montreal reports higher earnings and share buyback.

Capital City Bank Group, Inc. rose 1.57% intraday, with the US bank sector experiencing a 1% dip in Q2 profits due to the Capital One-Discover merger. The merger required a large provision expense, which weighed down overall bank profits. However, the bank sector reported higher net interest and noninterest income, indicating underlying strength.