TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Tuesday reported fiscal third-quarter profit of $1.36 billion.
The bank, based in Toronto, said it had earnings of $1.81 per share. Earnings, adjusted for non-recurring costs, came to $1.93 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.
The bank posted revenue of $14.97 billion in the period. Its revenue net of interest expense was $5.98 billion, which also did not meet Street forecasts.
Bank of Montreal shares have fallen 10% since the beginning of the year. The stock has risen 7% 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
