February 25, 2020 / 11:13 AM / 5 months ago

Bank of Montreal profit rises 5.4%

Feb 25 (Reuters) - Bank of Montreal reported a 5.4% rise in quarterly profit on Tuesday, helped by strength in its Canadian personal and commercial banking as well as capital markets businesses.

The lender said net income rose to C$1.59 billion ($1.20 billion), or C$2.37 per share, in the first quarter ended Jan. 31 from C$1.51 billion, or C$2.28 per share, a year earlier.

$1 = 1.3220 Canadian dollars Reporting by Abhishek Manikandan in Bengaluru; Editing by Anil D'Silva

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