Bank of Montreal reports higher quarterly profit

Tue Aug 25, 2015 7:47am EDT
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TORONTO Aug 25 (Reuters) - Bank of Montreal, Canada's fourth-largest bank, reported a higher third-quarter profit on Tuesday, helped by growth in its wealth management and personal and commercial banking businesses.

Net income in the quarter ended July 31 was C$1.19 billion, or C$1.80 per share, compared with C$1.13 billion, or C$1.67 per share, in the third quarter of 2014. On an adjusted basis, earnings were C$1.86.

Analysts on average had expected earnings of C$1.73 a share, according to Thomson Reuters I/B/E/S. (Reporting by John Tilak; Editing by Chizu Nomiyama)