TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Wednesday reported fiscal second-quarter profit of $778.8 million.
The Toronto-based bank said it had earnings of 96 cents per share. Earnings, adjusted for non-recurring costs, were $2.16 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.
The bank posted revenue of $12.84 billion in the period. Its revenue net of interest expense was $6.22 billion, which beat Street forecasts.
Bank of Montreal shares have declined 4% since the beginning of the year. The stock has decreased 17% in the last 12 months.
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