Bank of Montreal stock rises Tue., outperforms market

Bank of Montreal (NYSE:BMO) shares gapped up 5.6% in Tuesday morning trading after turning in stronger-than-expected results ...
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MONTREAL (AP) — MONTREAL (AP) — Bank Of Montreal (BMO) on Tuesday reported fiscal first-quarter net income of $1.5 billion. The bank, based in Montreal, said it had earnings of $1.99 per share.
Jefferies analyst John Aiken maintained a Hold rating on Bank Of Montreal (BMO – Research Report) yesterday and set a price target of C$140.00.
Adjusted net income rose to $2.29-billion or $3.04 per share, compared with $1.89-billion or $2.56 per share a year earlier.
The not-for-profit sector could also be hit by the loss of the bank branch, said Collier. Many local community groups depend ...