March 1, 2011 / 12:59 PM / 7 years ago

CORRECTED-UPDATE 1-Bank of Montreal profit rises 18 pct

(Corrects headline and story throughout to change year-ago net income, EPS, net interest income figures) (Follows alerts)

March 1 (Reuters) - Bank of Montreal’s first-quarter profit rose 18 percent, helped by strength across all its operating groups, Canada’s fourth-largest lender said on Tuesday.

The bank earned C$776 million ($798.6 million), or C$1.30 a share, in the fiscal first quarter ended Jan. 31. That compared with a profit of C$657 million, or C$1.12 a share, in the year-before period.

Analysts polled by Thomson Reuters I/B/E/S had expected, on average, a profit of C$1.31 a share.

Net interest income rose to C$1.63 billion from C$1.53 billion year ago. ($1 = 0.972 Canadian Dollars) (Reporting by Bhaswati Mukhopadhyay in Bangalore)

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