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Bank of Montreal: Fiscal Q2 Earnings Snapshot

TORONTO (AP) — TORONTO (AP) — Bank Of Montreal (BMO) on Wednesday reported fiscal second-quarter net income of $1.92 billion.

The Toronto-based bank said it had earnings of $2.57 per share. Earnings, adjusted for non-recurring costs, came to $2.68 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.80 per share.

The bank posted revenue of $14.09 billion in the period. Its revenue net of interest expense was $6.98 billion, which topped Street forecasts.

Bank of Montreal shares have increased 25% since the beginning of the year. The stock has climbed 56% 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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