Bank of Montreal: Fiscal 4Q Earnings Snapshot
TORONTO (AP) _ Bank Of Montreal (BMO) on Tuesday reported fiscal fourth-quarter net income of $904.4 million.
The Toronto-based bank said it had earnings of $1.35 per share. Earnings, adjusted for non-recurring costs, came to $1.84 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The bank posted revenue of $7.15 billion in the period. Its revenue net of interest expense was $4.61 billion, also beating Street forecasts.
Bank of Montreal shares have climbed 16% since the beginning of the year. The stock has increased roughly 2% in the last 12 months.