Economics
Bank of Montreal Earnings Rise 19% on Investment Banking
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Bank of Montreal, the first Canadian bank to report third-quarter results, said profit rose 19 percent on higher investment-banking earnings, beating analysts’ estimates.
Net income climbed to C$793 million ($803 million), or C$1.27 a share, from C$669 million, or C$1.13, for the period ended July 31, the Toronto-based bank said today in a statement. The bank’s profit has risen nine straight quarters, the longest current streak among Canada’s six biggest lenders.