MONTREAL (AP) — MONTREAL (AP) — Bank Of Montreal (BMO) on Thursday reported fiscal fourth-quarter profit of $1.65 billion.
The Montreal-based bank said it had earnings of $2.14 per share. Earnings, adjusted for non-recurring costs, were $2.36 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share.
The bank posted revenue of $13.95 billion in the period. Its revenue net of interest expense was $6.73 billion, which also topped Street forecasts.
For the year, the company reported profit of $6.22 billion, or $8.17 per share. Revenue was reported as $25.9 billion.
Bank of Montreal shares have risen 31% since the beginning of the year. The stock has risen 33% 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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