UPDATE: Bank of Montreal Q4 Profit Up 41%
Bank of Montreal (NYSE: BMO) reported a 41% rise in its fourth-quarter profit.
The bank's quarterly earnings surged to C$1.1 billion ($1.11 billion), or C$1.59 per share, from C$768 million, or C$1.11 per share, in the year-ago period.
On an adjusted basis, Bank of Montreal earned C$1.65 per share. However, analysts were expecting a profit of C$1.49 per share.
Bank of Montreal shares closed at $59.74 yesterday.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.