The Bank of Montreal released their Q2 results today and beat analysts expectation.
Canada’s 4th largest lender announced profits for their capital markets unit of just over a half a billion dollars and reverse a 68 million dollar loss a year ago in the same period.
The Wealth Management Department at the bank announced that profits there had doubled to $346 million dollars.
On a share level the net profit translated into $3.13 per share with analysts expecting $2.77 per share.
