Bank of Montreal: Fiscal 4Q Earnings Snapshot

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TORONTO (AP) _ Bank Of Montreal (BMO) on Tuesday reported fiscal fourth-quarter earnings of $1.19 billion.

The bank, based in Toronto, said it had earnings of $1.78 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, came to $1.81 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The bank posted revenue of $5.7 billion in the period. Its revenue net of interest expense was $4.49 billion, also topping Street forecasts.

For the year, the company reported profit of $3.79 billion, or $5.61 per share. Revenue was reported as $18.73 billion.

Bank of Montreal shares have fallen 6% since the beginning of the year. The stock has dropped 5.5% 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

The Associated Press