BMO Earnings Top Estimates on US Business, Capital Markets

Bank of Montreal topped estimates on stronger-than-expected performance both at its US operations as it pushes to improve results at the business and at its capital-markets unit, which benefited from strong trading.

The Toronto-based lender earned C$3.48 a share on an adjusted basis in its fiscal first quarter, according to a statement Wednesday, more than analysts’ C$3.22 average estimate.