Bank of Montreal quarterly profit rises on higher interest income
A Bank of Montreal (BMO) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/ Acquire Licensing Rights
May 24 (Reuters) - Bank of Montreal's (BMO.TO) second-quarter profit jumped as higher interest rates shored up the lender's net interest income, the Canadian bank said on Wednesday.
Net income excluding one-off items rose to C$2.22 billion ($1.65 billion), or C$2.93 per share, for the three months ended April 30, compared with C$2.19 billion, or C$3.23 a share, a year earlier
($1 = 1.3372 Canadian dollars)
Reporting by Jaiveer Singh Shekhawat in Bengaluru Editing by Vinay Dwivedi
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