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Bank of Montreal earnings beat market expectations

FILE PHOTO: A Bank of Montreal (BMO) sign is seen outside of a branch in Ottawa, Ontario, Canada, August 23, 2016. REUTERS/Chris Wattie/File Photo

TORONTO (Reuters) - Bank of Montreal reported first-quarter earnings which were ahead of market expectations, reflecting strong sales growth in Canada and the United States.

BMO reported earnings per share, excluding one-off items of C$2.12 per share. Analysts had on average forecast earnings of C$2.06 per share, Thomson Reuters I/B/E/S data showed.

Reporting by Matt Scuffham; editing by Jason Neely

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