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Bank of Montreal: Fiscal Q3 Earnings Snapshot
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TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Tuesday reported fiscal third-quarter earnings of $1.25 billion.

The bank, based in Toronto, said it had earnings of $1.71 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $2.84 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.71 per share.

The bank posted revenue of $14.41 billion in the period. Its revenue net of interest expense was $7.09 billion, also exceeding Street forecasts.

Bank of Montreal shares have increased 33% since the beginning of the year. The stock has increased 50% 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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