August 29, 2017 / 11:00 AM / 2 years ago

Bank of Montreal quarterly earnings beat expectations

The logo of the Bank of Montreal (BMO) is seen on their flagship location on Bay Street in Toronto, Ontario, Canada March 16, 2017. Picture taken March 16, 2017. REUTERS/Chris Helgren

TORONTO (Reuters) - Bank of Montreal (BMO.TO), Canada’s fourth-biggest lender, on Tuesday reported third-quarter earnings which were ahead of expectations, driven by strong growth from its Canadian retail and wealth management businesses.

The bank reported earnings per share of C$2.05, up from C$1.86 a year ago. Analysts had on average expected earnings of C$2.00 per share, according to Thomson Reuters I/B/E/S.

Reporting by Matt Scuffham. Editing by Jane Merriman

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