TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Wednesday reported fiscal second-quarter net income of $1.37 billion.
The Toronto-based bank said it had earnings of $1.74 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.91 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.
The bank posted revenue of $14.47 billion in the period. Its revenue net of interest expense was $5.88 billion, also falling short of Street forecasts.
Bank of Montreal shares have decreased almost 3% since the beginning of the year. The stock has climbed 16% 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
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