Bank of Montreal: Fiscal Q1 Earnings Snapshot
By AP News
Published - Feb 28, 2023, 06:00 AM ET
Last Updated - Jun 22, 2023, 07:11 PM EDT
TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Tuesday reported fiscal first-quarter net income of $183.4 million.
The Toronto-based bank said it had earnings of 22 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were $2.39 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.
The bank posted revenue of $10.26 billion in the period. Its revenue net of interest expense was $4.8 billion, also surpassing Street forecasts.
