Bank of Montreal Rises as Profit Tops Estimates on Lending Gains
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Bank of Montreal climbed the most in almost three years after posting profit that beat analysts’ estimates on gains in consumer banking and wealth management.
The lender’s shares advanced 4.2 percent to C$69 at 12:27 p.m. in Toronto, the most intraday since September 2012 and the second-best performance in the eight-company Standard & Poor’s/TSX Commercial Banks Index. The shares have slid 16 percent this year.