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Bank of Montreal: Fiscal Q4 Earnings Snapshot

Bank of Montreal: Fiscal Q4 Earnings Snapshot

TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Friday reported fiscal fourth-quarter profit of $1.19 billion.

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The bank, based in Toronto, said it had earnings of $1.52 per share. Earnings, adjusted for non-recurring costs, were $2.07 per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of $2.07 per share.

The bank posted revenue of $14 billion in the period. Its revenue net of interest expense was $6.16 billion, which topped Street forecasts.