Bank of Montreal: Fiscal Q1 Earnings Snapshot
MONTREAL (AP) — MONTREAL (AP) — Bank Of Montreal (BMO) on Tuesday reported fiscal first-quarter net income of $1.5 billion.
The bank, based in Montreal, said it had earnings of $1.99 per share. Earnings, adjusted for non-recurring costs, were $2.14 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The bank posted revenue of $14.42 billion in the period. Its revenue net of interest expense was $6.52 billion, also exceeding Street forecasts.
Bank of Montreal shares have increased roughly 3% since the beginning of the year. The stock has climbed slightly more than 5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMO at https://www.zacks.com/ap/BMO