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UPDATE: Bank of Montreal Q4 Profit Up 41%

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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.

Posted-In: profitEarnings News

 

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