Investing.com - Bank of Montreal reported second quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of C$2.3 on revenue of C$5.65B. Analysts polled by Investing.com expected EPS of C$2.33 on revenue of C$5.73B. That compared to EPS of C$2.2 on revenue of C$5.29B in the same period a year earlier. The company had reported EPS of C$2.32 on revenue of C$5.59B in the previous quarter.
For the year, Bank of Montreal shares are up 12.51%, under-performing the S&P/TSX which is up 13.89% year to date.
Bank of Montreal follows other major Financial sector earnings this month
On Thursday, May 23, 2019, Toronto Dominion Bank reported second quarter EPS of C$1.75 on revenue of C$10.23B, compared to forecasts of EPS of C$1.68 on revenue of C$9.63B.
Bank of Nova Scotia earnings missed analyst's expectations on Tuesday, with second quarter EPS of C$1.7 on revenue of C$7.63B. Investing.com analysts expected EPS of C$1.74 on revenue of C$7.63B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar