Earnings amount to $2.22 per share, up from $1.58 in Q1 of 2016
The Canadian Press
Posted: Feb 28, 2017 7:28 AM ET
Last Updated: Feb 28, 2017 7:28 AM ET
The Bank of Montreal had net income of $1.49 billion during its first quarter, up 39 per cent from a year ago, according to results posted early Tuesday.
During the same period last year, BMO had $1.07 billion of quarterly profit.
The earnings amounted to $2.22 per share, up from $1.58 per share during the first quarter of 2016.
The bank also reported $5.41 billion of revenue, compared with $5.08 billion a year ago.
On an adjusted basis BMO earned $1.53 billion, or $2.28 per share, up from $1.18 billion, or $1.75 per share, a year ago.