UPDATE: Bank of Montreal FQ2 Profit Surges 27%
Bank of Montreal (NYSE: BMO) reported a 27% rise in its fiscal second-quarter profit.
BMO's quarterly earnings climbed to C$1.03 billion ($1.01 billion), or C$1.51 per share, versus a year-ago profit of C$813 million, or C$1.32 per share.
On an adjusted basis, BMO earned C$1.44 per share, versus analysts' estimates of C$1.36 per share.
BMO shares closed at $54.10 yesterday.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.