MONTREAL (AP) — MONTREAL (AP) — Bank Of Montreal (BMO) on Tuesday reported fiscal third-quarter net income of $1.68 billion.
The bank, based in Montreal, said it had earnings of $2.27 per share. Earnings, adjusted for non-recurring costs, came to $2.33 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The bank posted revenue of $13.9 billion in the period. Its revenue net of interest expense was $6.5 billion, which also beat Street forecasts.
Bank of Montreal shares have climbed 17% since the beginning of the year. The stock has climbed 29% 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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