Bank of Montreal quarterly profit jumps on capital markets strength-March 2024-www.financetom.com

Bank of Montreal quarterly profit jumps on capital markets strength

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Bank of Montreal quarterly profit jumps on capital markets strength

Feb 25, 2025 3:24 AM

Feb 25 (Reuters) - Canadian lender Bank of Montreal ( BNKD )

on Tuesday reported a jump in first-quarter profit

driven by strength in its capital markets business.

The bank's adjusted net income rose to C$2.29 billion ($1.60

billion), or C$3.04 per share, in the three months ended January

31, compared with C$1.89 billion, or C$2.56 per share, a year

earlier.

($1 = 1.4268 Canadian dollars)

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