TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Wednesday reported fiscal first-quarter net income of $1.8 billion.
The Toronto-based bank said it had earnings of $2.44 per share. Earnings, adjusted for non-recurring costs, came to $2.51 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.
The bank posted revenue of $13.95 billion in the period. Its revenue net of interest expense was $7.08 billion, also beating Street forecasts.
Bank of Montreal shares have risen roughly 10% since the beginning of the year. The stock has risen 43% 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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