TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Thursday reported fiscal fourth-quarter profit of $1.68 billion.
The Toronto-based bank said it had earnings of $2.15 per share. Earnings, adjusted for non-recurring gains, came to $1.39 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 $1.73 per share.
The bank posted revenue of $14.93 billion in the period. Its revenue net of interest expense was $6.56 billion, which topped Street forecasts.
For the year, the company reported profit of $5.38 billion, or $6.99 per share. Revenue was reported as $24.1 billion.
Bank of Montreal shares have declined almost 4% since the beginning of the year. The stock has increased 13% 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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