Wednesday, 23 May 2007

UPDATE 1-Bank of Montreal second-quarter profit rises 3 pct

(Reuters) - TORONTO, May 23 - Bank of Montreal trading loss, posted a three-percent rise in its second-quarter earnings on Wednesday. BMO, Canada's fourth biggest bank by assets, posted earnings of C$671 million, or C$1.29 per share, in the three months ended April 30. That is up from C$651 million, or C$1.25 a share, in the same period a year earlier.



Analysts had expected BMO, the first of Canada's big six banks to report second-quarter results, to earn C$1.26 a share, according to Reuters Estimates.


Read more at Reuters.com Market News

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