TORONTO – The Bank of Montreal saw its first-quarter profit rise seven per cent as it grew revenue in its personal and commercial banking operations on both sides of the border.
Here are some key figures on the bank’s results:
— Net income was $1.07 billion for the quarter, up from $1 billion during the same period last year. The earnings amounted to $1.58 per common share, up eight per cent from $1.46 per share a year ago.
— On an adjusted basis, the bank earned $1.18 billion, or $1.75 per share, during the quarter ended Jan. 31. That’s compared to adjusted net income of $1.04 billion, or $1.53 per share, during the first quarter of 2015.
— Quarterly revenue amounted to $5.08 billion, up from $5.06 billion a year ago.