Bank of Montreal's third-quarter profit rose 17 percent, as Canada's No. 4 bank benefited from higher insurance income and lower provisions for bad loans. BMO, the first Canadian lender to report results for the fiscal third quarter, earned C$1.1 billion ($1.05 billion), or C$1.68 a share, in the period ended July 31, it said on Tuesday.
Bank of Montreal (BMO Financial Group) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services. Shares of BMO remained unchanged at $62.60. In the past year, the shares have traded as low as $55.61 and as high as $64.79. On average, 467694 shares of BMO exchange hands on a given day and today's volume is recorded at 0.
Shares of BMO traded higher by 0.89% or $0.58/share to $65.78. In the past year, the shares have traded as low as $56.74 and as high as $65.99. On average, 1420960 shares of BMO.TO exchange hands on a given day and today's volume is recorded at 1715170.
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