Investing.com - Bank of Montreal reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of C$3.06 on revenue of C$6.37B. Analysts polled by Investing.com forecast EPS of C$2.14 on revenue of C$6.02B. .
Bank of Montreal shares gained 2.87% to trade at C$104.77 in intra-day trade following the report.
For the year, Bank of Montreal shares are up 8.26%, outperforming the S&P/TSX which is up 4.35% year to date.
Bank of Montreal follows other major Financial sector earnings this month
On Tuesday, Bank of Nova Scotia reported first quarter EPS of C$1.88 on revenue of C$8.07B, compared to forecasts of EPS of C$1.57 on revenue of C$7.65B.
Intact Financial earnings beat analyst's expectations on Tuesday, February 9, 2021, with fourth quarter EPS of C$3.18 on revenue of C$2.87B. Investing.com analysts expected EPS of C$2.36 on revenue of C$2.87B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar