Bank of Montreal (TSE:BMO) Q3 earnings beat estimates

Canada’s fourth-largest bank said earnings per share rose 3% to C$1.86

Bank of Montreal (TSE:BMO) on Tuesday reported quarterly results which beat analysts’ expectations, benefiting from strength in its commercial banking and capital markets businesses.

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The bank, Canada’s fourth-largest, said earnings per share for the third quarter ending July 31 rose to C$1.86, 3 percent above a year earlier. Excluding one-off items, earnings per share rose by 4 percent to C$1.94. Analysts on average had forecast earnings of C$1.81, according to Thomson Reuters I/B/E/S.

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