Bank of Montreal: Fiscal Q1 Earnings Snapshot

Associated Press Finance
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TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Tuesday reported fiscal first-quarter profit of $955 million.

The bank, based in Toronto, said it had earnings of $1.28 per share. Earnings, adjusted for non-recurring costs, came to $1.90 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.

The bank posted revenue of $13.92 billion in the period. Its revenue net of interest expense was $5.68 billion, also missing Street forecasts.

Bank of Montreal shares have fallen 5% since the beginning of the year. The stock has decreased 2.5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BMO at https://www.zacks.com/ap/BMO

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