Canadian lender Bank of Montreal on Tuesday reported a jump in first-quarter profit driven by strength in its capital markets business. Adjusted earnings from BMO's capital markets business jumped 45% to C$591 million ($414.

Shares of Bank of Montreal BMO dropped 0.43% to C$142.35 Monday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.02% to 25,151.26.

Bank of Montreal TXN-Q -0.37% posted higher first-quarter profit that topped analysts’ estimates as capital markets activity surged. BMO earned $2.1-billion or $2.83 per share in the three months that ended Jan3 31. That compared with $1.3-billion or $1.73 per share in the same quarter last year.

Bank of Montreal (NYSE:BMO – Get Free Report) (TSE:BMO) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.

Bank of Montreal closed 3.1% below its 52-week high of C$147.54, which the company reached on December 6th.