Investing.com - Bank of Montreal reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of C$2.41 on revenue of C$5.99B. Analysts polled by Investing.com anticipated EPS of C$1.91 on revenue of C$5.89B. .
Bank of Montreal shares lost 100.00% to trade at C$93.33 in pre-market trade following the report.
For the year, Bank of Montreal shares are down 7.26%, under-performing the S&P/TSX which is up 0.74% year to date.
Bank of Montreal follows other major Financial sector earnings this month
On Tuesday, Bank of Nova Scotia reported fourth quarter EPS of C$1.45 on revenue of C$7.51B, compared to forecasts of EPS of C$1.22 on revenue of C$7.7B.
Intact Financial earnings beat analyst's expectations on Tuesday, November 3, 2020, with third quarter EPS of C$2.78 on revenue of C$3.26B. Investing.com analysts expected EPS of C$2.11 on revenue of C$3.15B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar