BMO Bank of Montreal shows big increase in Q4, 2012 profit


TORONTO – The Bank of Montreal had a $1.08-billion profit in the fourth quarter, a 41 per cent increase over the same time last year.

That brought the bank’s total net income for the 2012 financial year to $4.19 billion, up 35 per cent from last year.

The profits beat analyst estimates by a wide margin.

(More later.)

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