TORONTO, Dec 2 (Reuters) - Bank of Montreal reported a weaker-than-expected fourth-quarter profit on Tuesday, but increased its dividend by 3 percent as revenue climbed from a year earlier.
Net income at Canada’s fourth-largest bank was C$1.07 billion ($941.57 million), or C$1.56 a share, for the fourth quarter ended Oct 31, compared with C$1.07 billion, or C$1.60 a share, a year earlier.
Adjusted earnings were C$1.63 a share. Analysts had expected C$1.68 a share.
$1 = 1.1364 Canadian dollars Reporting by Jeffrey Hodgson